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Black Sea Wheat Futures Contract Specs

Contract Unit 136 Metric Tons (~5,000 bushels)
Price Quotation U.S. Dollars and Cents per Metric Ton
Trading Hours Monday - Friday: 1:00 a.m. – 1:20 p.m. CT
Minimum Price Fluctuation $0.10 per Metric Ton ($13.60 per contract)
Product Code CME Globex: BSW
CME ClearPort: BSW
Clearing: BSW
Listed Contracts Contracts listed for 2 months of Mar, May, Jul, Sep, Dec
Settlement Method Deliverable
Termination Of Trading Trading terminates on the last business day of the month prior to the contract month.
Settlement Procedures Black Sea Wheat Settlement Procedures
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 33
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Last Delivery Date Business day following the last trading day.
Grade And Quality Weight: Minimum 76 kg/hl
Moisture: Maximum 14%
Grain Impurities: Maximum 8%
Protein (on dry matter basis): Minimum 11.5%
Wet Gluten Content: Minimum 23%
Falling Number: Minimum 230 sec
Misc. Impurities: Maximum 2%
Bug Damage: Maximum 1.5%