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Mini-sized Chicago SRW Wheat Futures Contract Specs

Contract Unit 1,000 bushels
Price Quotation U.S. 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 1/8 cent (0.00125) per bushel = $1.25
Product Code CME Globex: XW
CME ClearPort: YW
Clearing: YW
Listed Contracts Monthly cotracts of Mar, May, Jul, Sep, Dec listed for 15 months. List new contract months following the termination of trading in the July contract of the current year.
Settlement Method Deliverable
Termination Of Trading Trading terminates on the business day prior to the 15th calendar day of the contract month.
Settlement Procedures Mini Wheat Settlement Procedures
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 14B
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Last Delivery Date Second business day following the last trading day of the delivery month.
Grade And Quality #2 Soft Red Winter at contract price, #1 Soft Red Winter at a 3 cent premium, other deliverable grades listed in Rule 14104.