Trading Unit: One 5,000-bushel hard red winter wheat futures contract of a specified month

Contract Months: March, May, July, September and December.

Trading Hours: 9:30 a.m. to 1:15 p.m. Central time.

Ticker Symbols: KW

Deliverable Grade: No. 2 hard red winter wheat; No. 1 and No. 3 are deliverable at differentials established by the exchange.

Delivery Point: Kansas City.:

Delivery Instrument: Registered warehouse receipt issued by regular elevators.

Price Quotation: Cents and quarter-cents per bushel.

Min Price Fluct. : 1/4 cent per bushel ($12.50 per contract).

Daily Price Limit: 25 cents per bushel ($1,250 per contract) above or below the previous settlement.

Last Trading Day: Wheat options cease trading in the calendar month prior to the futures contract delivery month. Trading ends at 1 p.m. Central time on the Friday that is at least five business days prior to the first notice day for the underlying futures contract.

Margin Requirements: Consult the exchange for current margins.