Contract Unit | 1,000 bushels (~ 27 metric tons) | ||||
Price Quotation | U.S. dollars and cents per bushel | ||||
Trading Hours | CME Globex: | Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and Monday - Friday, 8:30 a.m. - 1:45 p.m. CT |
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 | 0.00125 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. |