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Black Sea Wheat Financially Settled (Platts) Half Month Futures Contract Specs

Contract Unit 50 Metric Tons
Price Quotation U.S. Dollars and Cents per Metric Ton
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Minimum Price Fluctuation 0.25 Cents
Product Code CME Globex: BWH
CME ClearPort: BWH
Clearing: BWH
Listed Contracts Monthly contracts listed for 24 consecutive half months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month shall be equal to the arithmetic average of the “FOB Black Sea wheat (Russia, 12.5%)” price assessment published by Platts for each day that it is determined during the settlement period. The Floating Price shall be rounded to the nearest $0.01.
 
The settlement period for the first half of the month is the period from the 1st calendar day to the 15th calendar day of the contract month inclusive.
 
The settlement period for the second half of the month is the period from the 16th calendar day to the last calendar day of the contract month inclusive
Termination Of Trading Trading terminates on the last business day in the settlement period which is also a Platts publication date for the price assessment.  
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 14S
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing