Mini-Sized KC HRW Wheat Futures Contract Specs
| Contract Unit | 1,000 bushels (~ 27 metric tons) | ||||
| Price Quotation | U.S. dollars and cents per bushel | ||||
| Trading Hours | Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and Monday - Friday, 8:30 a.m. - 1:45 p.m. CT |
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| Minimum Price Fluctuation | 0.00125 per bushel = $1.25 | ||||
| Product Code | CME Globex: MKCCME ClearPort: MKCClearing: MKC | ||||
| Listed Contracts | 15 monthly contracts of Mar, May, Jul, Sep and Dec listed annually on the first business day in July. | ||||
| Settlement Method | Deliverable | ||||
| Termination Of Trading | Trading terminates on the business day prior to the 15th day of the contract month. | ||||
| Settlement Procedures | Mini-Sized KC HRW Wheat Settlement Procedures | ||||
| Position Limits | CBOT Position Limits | ||||
| Exchange Rulebook | CBOT 14N | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Price Limit Or Circuit | Price Limits | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Last Delivery Date | Last business day of the delivery month. | ||||
| Grade And Quality | No. 2 at contract price with a maximum of 10 IDK per 100 grams; No. 1 at a 1 1/2-cent premium. Deliverable grades of HRW shall contain a minimum 11% protein level. However, protein levels of less than 11%, but equal to or greater than 10.5% are deliverable at a ten cent (10¢) discount to contract price. Protein levels of less than 10.5% are not deliverable. |
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