Mini-sized Chicago SRW Wheat Futures - Contract Specs
| Contract Unit | 1,000 bushels |
|---|---|
| Price Quotation | U.S. 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 | 1/8 cent (0.00125) per bushel = $1.25 |
| Product Code | CME Globex: XW CME ClearPort: YW Clearing: YW |
| Listed Contracts | Monthly contracts (Mar, May, Jul, Sep, Dec) listed for 15 months. List new contract months following the termination of trading in the July contract of the current year. |
| Settlement Method | Deliverable |
| Termination of Trading | Trading terminates on the business day prior to the 15th calendar day of the contract month. |
| Settlement Procedures | |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| Vendor Codes | |
| Last Delivery Date | Second business day following the last trading day of the delivery month. |
| Grade and Quality | #2 Soft Red Winter at contract price, #1 Soft Red Winter at a 3 cent premium, other deliverable grades listed in Rule 14104. |
