Contract Unit 1 intercommodity futures spread for 5,000 bushels
Minimum Price Fluctuation 1/8 of one cent (0.00125) per bushel = $6.25
Price Quotation U.S. cents per bushel
Trading Hours 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
Open Outcry: Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and
Monday - Friday, 8:30 a.m. - 1:15 p.m. CT
Product Code CME Globex: MKW
CME ClearPort: MKW
Open Outcry: MKW
Clearing: MKW
Listed Contracts 3 Jul, Sep and Dec spreads listed after the termination of trading in the December spread
Termination Of Trading Trading terminates in all contract months, except for a September contract, on the Friday before the 2nd last business day of the month prior to the contract month. The September contract terminates on the Friday before the 2nd last business day of the 3rd month prior to the contract month. If the Friday expiration is not a business day, trading will terminate on the next prior business day.
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 14K
Vendor Codes Quote Vendor Symbols Listing
Exercise Style The buyer of an MGEX-KC HRW Wheat Spread option that is in-the-money after the close on the last trade day will be cash settled to the final settlement price.
Settlement Method Deliverable
Underlying MGEX-KC HRW Wheat Intercommodity Spread Synthetic Futures