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Butter Spot Call

Butter Spot Call Meaning:
In commodity market terminology, Butter Spot Call refers to grade AA butter contracts traded for same-day delivery by open outcry on the floor of the Chicago Mercantile Exchange. Butter is a typically yellow or white dairy product consisting of an emulsion of butterfat and made by churning milk or cream

Butter Spot Call contracts are for 40,000 43,000 pounds (18 19.5 metric tons) of butter for same day physical delivery and are traded between the hours of 11:05 AM until 11:15 AM Monday thru Friday under the symbol AA. Prices are quoted in U.S. Dollars and cents and the minimum fluctuation for a Butter Spot Call contract is $100.00 - $107.50.