Uranium Futures

Modeled

Illustrative forward curve modeled from the spot estimate — not live CME UX settlement data

Modeled — illustrative, not market data

CME lists real Uranium U₃O₈ (UX) futures, but live settlement data is not publicly available. The prices, open interest, and volume shown here are generated by a contango model (future = spot × (1 + 0.8% × quarters to expiry)) and are shown for illustration only.

Front Month

Open Interest

Volume

Avg Contango

Futures Term Structure

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Uranium Futures

About Uranium Futures

Uranium futures (UX) trade on the CME/NYMEX exchange and provide price discovery and hedging opportunities for uranium market participants. The contract specifications below describe that real product; the curve shown on this page, however, is modeled, not sourced from those live settlements.

Contract Size:250 lbs U₃O₈

Tick Size:$0.05 per lb

Tick Value:$12.50

Settlement:Financial (cash)

Term Structure Analysis

The uranium futures curve typically trades in contango(futures above spot), reflecting storage costs and interest rates.

Key considerations:

Contango indicates expectations of stable/rising prices
Backwardation (rare) suggests supply concerns
Open interest shows market participation depth
Volume indicates liquidity for each contract

Note: Uranium futures have lower liquidity compared to other commodities like oil or gold. Large trades may have price impact.