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Chicago SRW Wheat July-July CSO Contract Specs

Options
Contract Unit 1 Chicago SRW Wheat 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
Product Code CME Globex: 12W
CME ClearPort: CWN
Open Outcry: CWN
Clearing: CWN
Listed Contracts 1 Jul/Jul spread contract
Termination Of Trading Trading terminates on the Friday that precedes, by at least two business days, the last business day of the month prior to the contract month.
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 14D
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Trading shall be conducted for put and call options on futures calendar spreads consisting of the nearby futures month and the next available futures month (nearby spreads) with strike prices in integral multiples of one cent per bushel per Wheat Calendar Spread option contract. Trading shall be conducted for put and call options on futures calendar spreads consisting of the nearby futures month and a futures month beyond the next available futures month (longer dated spreads) with strike prices in integral multiples of five cents per bushel per Wheat Calendar Spread option contract. More details on strike price intervals are outlined in Rule 14D01.E.
Exercise Style European
Settlement Method Deliverable
Underlying Wheat Futures