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 those settlements require a licensed feed. The prices, open interest, and volume shown here are generated by a contango model (future = spot × (1 + 0.8% × quarters to expiry)) and are for illustration only. Wiring real UX settlements is tracked as Task 3 in the data-sourcing plan.

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.