Contract Unit 50 metric tons
Price Quotation U.S. dollars and cents per metric ton
Trading Hours CME Globex: Sunday - Friday 7:00 p.m. – 1:20 p.m. (8:00 p.m. - 2:20 p.m. ET) 
CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Minimum Price Fluctuation 0.25 per metric ton = $12.50
Product Code CME Globex: BWF
CME ClearPort: BWF
Clearing: BWF
Listed Contracts Monthly contracts listed for 15 consecutive 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 contract month. The Floating Price shall be rounded to the nearest $0.01.
Termination Of Trading Trading terminates on the last business day of the contract month which is also a Platts publication date for the price assessment.
Settlement Procedures Black Sea Wheat Settlement Procedures
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 14R
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing