QUALITY STANDARDS
In accordance with the regulations of Kansas HRW Wheat traded on Chicago Board of Trade (CBOT).
Grade |
Minimum Weight per Bushel (pound) |
Maximum limits of --- |
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Defects |
Wheat of Other Classes |
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Heat Damaged Kernels (%) |
Damaged Kernels (Total) (%) |
Foreign Material (%) |
Shrunken and Broken Kernels (%) |
Total Defects (%) |
Contrasting Classes (%) |
Wheat of Other Classes (Total) (%) |
||
1 |
60 |
0.2 |
2 |
0.4 |
3 |
3 |
1 |
3 |
2 |
58 |
0.2 |
4 |
0.7 |
5 |
5 |
2 |
5 |
CONTRACT SPECIFICATION
CBOT Kansas Wheat
Trading Screen Product Name |
Kansas HRW Wheat |
|
Commodity Code |
KWE |
|
Contract Size |
5 000 bushels/lot |
|
Price Quotation |
cent / bushel |
|
Trading Hours |
Monday - Friday Session 1: 07:00 A.M - 07:45 P.M Session 2: 08:30 P.M - 01:20 A.M (the next day) |
|
Minimum Price Fluctuation |
0.25 cent / bushel |
|
Contract Series |
March, May, July, September, and December |
|
Delivery Registration Day |
The fifth business day prior to the First Notice Day |
|
First Notice Day |
The last business day of the month prior to the contract month. |
|
Last Trading Day |
The business day prior to the 15th calendar day of the contract month. |
|
Margin |
As MXV required |
|
Position Limit |
As MXV required |
|
Price Limit |
Daily Price Limit |
Expanded Price Limit |
$0.60/bushel |
$0.90/bushel |
|
Settlement Method |
Deliverable |
|
Quality Standards |
No. 1, No. 2 Kansas Wheat |