Chicago Wheat-European Milling Wheat Spread
Futures
Chicago Wheat-European Milling Wheat Spread - Contract Specs
| Contract Unit | 50 Metric Tons |
|---|---|
| Price Quotation | USD per Metric Ton |
| Trading Hours | CME Globex: Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and Monday - Friday, 8:30 a.m. - 1:20 p.m. CT CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT |
| Minimum Price Fluctuation | 0.25 per metric ton = $12.50 |
| Product Code | CME Globex: CWD CME ClearPort: CWD Clearing: CWD |
| Listed Contracts | 5 monthly contracts in the March, May September, December cycle |
| Settlement Method | Financially Settled |
| Floating Price | Financial settlement shall be the European Milling Wheat futures settlement price converted to U.S. dollars using the mid-rate of the WM/Refinitiv 6:30 p.m. CET Intraday Spot Rate for EUR/USD, minus the relevant contract month Chicago Wheat daily marker converted to metric tons on the last trading day, rounded to the nearest one cent. The Chicago Wheat daily marker is determined from Globex trading activity on the underlying Chicago Wheat futures between 6:20 p.m. and 6:30 p.m. CET. |
| Termination of Trading | Trading terminates on the 15th calendar day of the month immediately preceding the expiry month. If the 15th calendar day is not a Paris or US business day, then the last trading day will be the following business day. |
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