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 Globex: Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and
Monday – Friday, 8:30 a.m. – 1:20 p.m. CT
Open Outcry: Monday – Friday, 8:30 a.m. – 1:15 p.m.
CT with Post session until 1:20 p.m. CT immediately following the close
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
Product Code CME Globex: ZCW
CME ClearPort: XCW
Open Outcry: XCW
Clearing: XCW
Listed Contracts 6 Mar, May and Jul spreads listed after the termination of trading in the July spread and 4 months of Sep and Dec spreads listed after the termination of trading in the December spread
Termination Of Trading Trading terminates on the Friday at least two business days prior to the last business day of the month prior to the contract month.
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 10N
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike prices will be listed in increments of five cents per bushel. The minimum strike price range will include the strike price closest to the current Wheat-Corn futures spread price, plus the next ten consecutive higher and the next ten consecutive lower strike prices.
Exercise Style European-style. The buyer of a Wheat-Corn spread option may exercise the option only upon expiration by giving notice to CME Clearing by 5:30 p.m. CT. Option exercise results in two underlying futures market positions. Options in-the-money on the last day of trading are automatically exercised.
Settlement Method Deliverable
Underlying Chicago SRW Wheat-Corn ICS Synthetic Future