Future Contracts specificaiton

All future contract specs

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Trading Hours (All times are New York Time)
Open outcry trading is conducted from 9:00 AM until 2:30 PM.

Electronic trading is conducted from 6:00 PM until 5:15 PM via the CME Globex® trading platform, Sunday through Friday. There is a 45-minute break each day between 5:15PM (current trade date) and 6:00 PM (next trade date).


Heating Oil Futures Contracts:
Ticker Symbol: HO
Exchange: NYMEX
Trading Hours: 9:00 AM until 2:30 PM EST.
Contract Size: 42,000 U.S. gallons (1,000 barrels)
Contract Months: all months(Jan. - Dec.)
Price Quote: U.S. dollars and cents per gallon. Ex $2.15 per gallon
Tick Size: $0.0001 (0.01¢) per gallon ($4.20 per contract).
Last Trading Day: close of business on the last business day of the month preceding the delivery month.

asr: so from 1.4600 to 1.3795 ( 1/30/09 to 2/2/09 ) is 805 tics move => 805 x $4.25 => $3300 move
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Heating Oil Emini Nymex: QH
Trading Unit
21,000 gallons.
Price Quotation
U.S. cents per gallon.
Trading Hours (All times are New York time)
The contract is available for trading on the CME Globex® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM.
Trading Months
Eighteen (18) consecutive months.
Minimum Price Fluctuation
$0.001 (0.1¢) per gallon ($21.00 per contract).

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Heating Oil Futures - Fundamentals :
Heating oil is also called a distillate or Number 2 oil.

When crude oil is refined, about 25 percent of the oil becomes heating oil and about 50 percent becomes gasoline. Heating oil is primarily used to heat homes in the Northeast.

The United States produces about 85 percent of its heating oil, while the remainder is imported from Canada, the Virgin Islands and Venezuela.

Oil companies begin to ramp up production of heating oil before the winter season begins to ensure ample supplies of heating oil to meet the winter demand.

Heating Oil prices typically follow crude oil.


- The biggest opportunities for a quick rise in price occurs during the winter months. Unexpected or prolonged periods of extreme cold in the Northeast will typically cause sharp rallies in the price of heating oil futures.

- Simply buying heating oil futures in the winter is not a "no-brainer" trade. It gets cold every winter; the catch is that the weather has to be colder than expected and more heating oil needs to be consumed than anticipated for the season.

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Canola

Canola on ICE (Canadian exchange), this future prices are also in C$
https://www.theice.com/productguide/productDetails.action?specId=251