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Mini-Sized KC HRW Wheat Futures Contract Specs

Contract Unit 1,000 bushels (~ 27 metric tons)
Price Quotation Cents per bushel
Trading Hours Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and
Monday - Friday, 8:30 a.m. - 1:45 p.m. CT
Minimum Price Fluctuation 1/8 cent per bushel ($1.25 per contract)
Product Code CME Globex: MKC
CME ClearPort: MKC
Clearing: MKC
Listed Contracts March (H), May (K), July (N), September (U) & December (Z)
Settlement Method Deliverable
Termination Of Trading The business day prior to the 15th calendar day of the contract month.
Settlement Procedures Mini-Sized KC HRW Wheat Settlement Procedures
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 14N
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
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.