Asset Class Navigation

Mini-sized Chicago SRW Wheat Futures Contract Specs

Contract Size 1,000 bushels (~ 27 metric tons)
Deliverable Grade #2 Soft Red Winter at contract price, #1 Soft Red Winter at a 3 cent premium, other deliverable grades listed in Rule 14104.
Pricing Unit Cents per bushel
Tick Size (minimum fluctuation) 1/8 cent per bushel ($1.25 per contract)
Contract Months/Symbols March (H), May (K), July (N), September (U) & December (Z)
Trading Hours CME Globex (Electronic Platform)
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
Daily Price Limit Daily Price Limits Consistent with standard-sized Wheat futures. 
Settlement Procedure Daily Mini Wheat Settlement Procedure (PDF)
Final Mini Wheat Settlement Procedure (PDF)
Last Trade Date The business day prior to the 15th calendar day of the contract month.
Last Delivery Date Second business day following the last trading day of the delivery month.
Product Ticker Symbols CME Globex (Electronic Platform) XW
Open Outcry (Trading Floor) YW
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CBOT.