Mini-Sized KC HRW Wheat Futures - Contract Specs
| Contract Unit | 1,000 bushels (~ 27 metric tons) |
|---|---|
| Price Quotation | U.S. dollars and cents per bushel |
| 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 | 0.00125 per bushel = $1.25 |
| Product Code | CME Globex: MKC CME ClearPort: MKC Clearing: MKC |
| Listed Contracts | 15 monthly contracts of Mar, May, Jul, Sep and Dec listed annually on the first business day in July. |
| Settlement Method | Deliverable |
| Termination of Trading | Trading terminates on the business day prior to the 15th day of the contract month. |
| Settlement Procedures | |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| Vendor Codes | |
| Last Delivery Date | Last business day of the delivery month. |
| Grade and Quality | No. 2 at contract price with a maximum of 10 IDK per 100 grams; No. 1 at a 1 1/2-cent premium. Deliverable grades of HRW shall contain a minimum 11% protein level. However, protein levels of less than 11%, but equal to or greater than 10.5% are deliverable at a ten cent (10¢) discount to contract price. Protein levels of less than 10.5% are not deliverable. |
