Wheat Futures

Trading Unit: 5,000 bu

Deliverable Grades: No. I Northern Spring Wheat, No. 2 Soft Red, No. 2 Hard Red Winter, and No. 2 Dark Northern Spring at par. Substitutions at differentials established by the exchange.

Price Quote: Cents and quarter-cents/bu

Tick Size: 1/4 cent/bu ($12.50/contract)

Daily Price Limit: 20 cents/bu above or below the previous day's settlement price (expandable to 30 cents/bu). No limit in the spot month (limits are lifted two business days before the spot month begins).

Contract Months: Jul, Sep, Dec, Mar, May

Contract Year: Jul to May

Last Trading Day: Seventh business day preceding the List business day of the delivery month

Last Delivery Day: Last business day of contract month

Trading Hours: 9:30 a.m. - 1: 15 p.m. Chicago time, Mon- Fri. Trading in expiring contracts closes at noon on the last trading day.

Ticker Symbol: w


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