Trading Hours: 9:30 a.m. - 1:15 p.m. (Central Time)
Contract Unit: 5,000 bushels; "job lots" of 1,000 bushels allowed.
Ticker Symbol : mw
Delivery Months: March, May, July, September and December
Min. Price Fluct.: 1/4 cent per bushel or $12.50 per contract.
Daily Price Limit: $ .20 per bushel or $1,000 per contract. Subject to variable price limits.
Position Limits: Position limits shall be those limits currently in effect pursuant to Part 150 of the Regulations of the Commodity Futures Trading Commission.
Deliverable Grades: No. 2 or better Northern Spring Wheat with a protein content of 13.5% or higher, with 13% protein also deliverable at a discount.
Delivery Points: Elevators located in Minneapolis/St. Paul, Red Wing and Duluth/Superior.
Last Trading Day: No trading may take place during the last seven business days of the month in which the contract matures.
First Notice Day: The last business day of the month preceding the delivery month.
First Delivery Day: The first business day of the delivery month.
Last Notice Day: The second to the last business day of the delivery month.
Last Delivery Day: The last business day of the delivery month.