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Grain and Oilseed
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Mini-sized Wheat

Product Overview

View Current Daily Price Limits

Mini-sized Wheat futures provide a way to:

  • Enable small to medium size wheat merchandisers, producers, food processors and other commercial users to effectively manage price risk
  • Trade to hedge or speculate based on expectations of wheat price movement or wheat price relationship changes on a smaller scale
  • Trade in liquid markets with dedicated market makers streaming continuous live bid/offer quotes
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General News & Announcements for Agricultural Commodity
RSS

Extended Friday Close for Electronic Livestock and Dairy Products Starts Oct. 24

Effective Friday, October 24, 2008, the close of electronic trading on Fridays for Live Cattle, Feeder Cattle, Lean Hog, Frozen Pork Belly and all Dairy futures and options on CME Globex will be extended to 1:55 p.m. CT from 1:30 p.m. CT.


MD Calendar

Market Data Planning Calendar


Random Length Lumber on CME Globex

Effective October 20, 2008, Random Length Lumber futures and options will now trade electronically virtually 24 hours a day on CME Globex


CME Product Market Data
Report Type

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Contract Specification View
E-mail Print
Trade Unit 1,000 bushels
Settle Method Delivery
Point Size 1 tick = 1/8cent per bushel = $1.25
Strike Price Interval All months; one basis point (1.00)
Strike
Limits/Price Banding Price limits scalable to next level above or below when price settles at limit. ($0.60/$0.90/$1.35) per bushel ($600/$900/$1,350 contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day).
Tick Size (Minimum Fluctuation)
Regular1/8cent per bushel = $1.25
Trading Hours Electronic: 6:00 p.m. - 6:00 a.m. and 9:30 a.m. - 1:45 p.m. Sunday-Friday Trading in expiring contracts closes at noon on the last trading day.
Listed All listed series
Product Codes Clearing: YW Open Auction - YW Electronic - XW
Minimum Block Size
Product Calendar Jul, Sep, Dec, Mar, May
View current product listings
Trade Unit 1,000 bushels
Settle Method Delivery
Point (Tick) Size 1 tick = 1/8cent per bushel = $1.25
Strike Price Interval All months; one basis point (1.00)
Strike
Limits/Price Banding Price limits scalable to next level above or below when price settles at limit. ($0.60/$0.90/$1.35) per bushel ($600/$900/$1,350 contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day).
Minimum Fluctuation
Regular1/8cent per bushel = $1.25
Trading Hours Trading in expiring contracts closes at noon on the last trading day.
Listed All listed series
Product Codes Clearing: YW Open Auction - YW Electronic - XW
Minimum Block Size
Product Calendar Jul, Sep, Dec, Mar, May
View current product listings
General News & Announcements for Agricultural Commodity
RSS

Extended Friday Close for Electronic Livestock and Dairy Products Starts Oct. 24

Effective Friday, October 24, 2008, the close of electronic trading on Fridays for Live Cattle, Feeder Cattle, Lean Hog, Frozen Pork Belly and all Dairy futures and options on CME Globex will be extended to 1:55 p.m. CT from 1:30 p.m. CT.


MD Calendar

Market Data Planning Calendar


Random Length Lumber on CME Globex

Effective October 20, 2008, Random Length Lumber futures and options will now trade electronically virtually 24 hours a day on CME Globex


Contracts Currently Eligible to Trade and Recently Expired Contracts
Contract Month Product Code First Trade Date Last Trade Date Settlement Date
DEC08 YWZ08 04/19/2006 Add to Outlook 12/12/2008 12/12/2008
MAR09 YWH09 09/17/2007 Add to Outlook 03/13/2009 03/13/2009
MAY09 YWK09 12/17/2007 Add to Outlook 05/14/2009 05/14/2009
JUL09 YWN09 07/17/2006 Add to Outlook 07/14/2009 07/14/2009
SEP09 YWU09 02/01/2008 Add to Outlook 09/14/2009 09/14/2009
DEC09 YWZ09 05/18/2007 Add to Outlook 12/14/2009 12/14/2009
MAR10 YWH10 03/28/2008 Add to Outlook 03/12/2010 03/12/2010
JUL10 YWN10 07/16/2007 Add to Outlook 07/14/2010 07/14/2010
DEC10 YWZ10 04/03/2008 Add to Outlook 12/14/2010 12/14/2010
JUL11 YWN11 07/15/2008 Add to Outlook 07/14/2011 07/14/2011
General News & Announcements for Agricultural Commodity
RSS

Extended Friday Close for Electronic Livestock and Dairy Products Starts Oct. 24

Effective Friday, October 24, 2008, the close of electronic trading on Fridays for Live Cattle, Feeder Cattle, Lean Hog, Frozen Pork Belly and all Dairy futures and options on CME Globex will be extended to 1:55 p.m. CT from 1:30 p.m. CT.


MD Calendar

Market Data Planning Calendar


Random Length Lumber on CME Globex

Effective October 20, 2008, Random Length Lumber futures and options will now trade electronically virtually 24 hours a day on CME Globex


Product Overview

Things to Know:

  1. Mini-sized Wheat futures are a dollar denominated physical delivery 1,000 bushel (approx. 27 metric tons) contract
  2. Mini-sized Wheat futures are available for trading over 15 hours per day providing customers access regardless of their time zone
  3. Mini-sized Wheat futures are available electronically on the CME Globex during the Asian and European daytime market hours as well as during the primary U.S. grain trading hours side-by-side with the trading floor
Product Education

Product News
Exports Prompting Record Wheat Prices and Larger Seedings (PDF)
Rains Possibly Stabilizing S. Hemisphere Wheat Crops (PDF)
Limited Changes in Stocks and Wheat Reports Expected (PDF)

 Learning Links
Moore Historical Report

Periodic Reports
USDA Monthly Supply & Demand (PDF)
Weekly Export Sales (PDF)
Commitment of Traders (PDF)
Spring Wheat Crop Condition (PDF)
Winter Wheat Crop Condition (PDF)


Supply Charts
US All Wheat Planted Acreage
US All Wheat Yield: Actual vs. Trend line
US All Wheat Production
US All Wheat Supply
US All Wheat Ending Stocks
US Hard Winter Wheat Production
US Hard Winter Wheat Ending Stocks
US Soft Red Wheat Production
US Soft Red Wheat Ending Stocks
US Winter Wheat Crop Conditions Good/Excellent
US Wheat Crop Conditions: Poor to Very Poor
US Hard Spring Wheat Production
US Hard Spring Wheat Ending Stocks
Spring Wheat Planting Progress
US Spring Wheat Crop Conditions Good/Excellent
US Spring Crop Conditions: Poor to Very Poor
Wheat Export Sales as % of USDA Forecast
World Wheat Production
World Wheat Supply
World Wheat Ending Stocks
Argentina Wheat Production
Australia Wheat Production
China Wheat Production
Canada Wheat Production
EU Wheat Production
Russia Wheat Production
India Wheat Production
Canada Wheat Exports
Argentina Wheat Exports
Australia Wheat Exports
EU-15 Wheat Exports

Fundamental Reference
US All Wheat Planted Acreage
US All Wheat Yield: Actual vs. Trend line
US All Wheat Production
US All Wheat Supply
US All Wheat Ending Stocks
US Hard Winter Wheat Production


Demand Charts
US All Wheat Domestic Consumption
US All Wheat Exports
US All Wheat Total Usage
US All Wheat Stocks/Usage Ratio
US All Wheat Stocks vs. Stocks/Usage
US Hard Winter Wheat Domestic Usage
US Hard Winter Wheat Exports
US Hard Winter Wheat Total Usage
US Hard Winter Wheat Stks vs. Stks/Use Ratio
US Hard Spring Wheat Domestic Usage
US Hard Spring Wheat Exports
US Soft Red Wheat Stks vs. Stocks/Use Ratio
US Hard Spring Wheat Domestic Usage
US Hard Spring Wheat Exports
US Hard Spring Wheat Total Usage
Wheat US vs. World Stocks/Usage Ratio
World Wheat Production vs. Usage
World Wheat Change in Ending Stocks vs. Stocks to Usage
World Wheat Ending Stocks vs. Stocks to Usage
World Wheat Usage
World Wheat Ending Stocks/Usage Ratio
China Wheat Domestic Usage
World Wheat Consumption vs. Trade
Publications

Brochures
Grain and Oilseed Fact Card (PDF)
Grain and Oilseed Hedger’s Guide (PDF)
Grain & Oil Seed Metric Conversion Guide (PDF)
Extended Hours and Lower Exchange Fees for Mini-Ag Contracts (PDF)
Commodity Metric Conversion Guide (PDF)

Subscriptions
Email Subscription Center
Commodity Monthly Newsletter
Commodity Monthly Update
White Papers
Speculative Position Limits and Hedge Fund Exemptions (PDF)		  
Product Education
Monthly Agricultural Grains Update (PDF)