Contract Size
5,000 bushels
Deliverable
Grades
No. 2 Soft Red Winter, No.
2 Hard Red Winter, No. 2 Dark Northern Spring, and No. 2 Northern Spring at par; No. 1 Soft Red Winter, No. 1 Hard Red Winter,
No. 1 Dark Northern Spring and No. 1 Northern Spring at 3 cents per bushel over contract price.
Tick Size
1/4 cent/bushel ($12.50/contract)
Price
Quote
Cents/bushel
Contract Months
Jul, Sep, Dec, Mar, May
Last Trading Day
The
business day prior to the 15th calendar day of the contract month.
Last Delivery Day
Seventh business day following the last trading day of the delivery month.
Trading Hours
Electronic: 6:00 p.m. - 6:00 a.m. and 9:30 a.m. - 1:15 p.m. Central Time, Sun.-Fri.
Open Auction: 9:30 a.m. - 1:15 p.m. Central Time, Mon-Fri.
Trading in expiring contracts closes at noon on the last trading day.
Ticker Symbols
Open Auction: W
Electronic:
ZW
Daily Price Limit
Sixty cents ($0.60) per bushel ($1,500/contract) above or below the previous
day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day).
Margin Information
Find information on margins requirements for the Wheat Futures.
