Asset Class Navigation

Mini-sized Chicago SRW Wheat Futures Contract Specs

Contract Unit 1,000 bushels (~ 27 metric tons)
Price Quotation 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. - 1:45 p.m. CT
Open Outcry: (Trading Floor) 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: XW
CME ClearPort: YW
Open Outcry: YW
Clearing: YW
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 Wheat Settlement Procedures
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 14B
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
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.