QUALITY STANDARDS
In accordance with the regulations of Chicago SRW Wheat traded on Chicago Board of Trade (CBOT).
CONTRACT SPECIFICATION
CBOT Wheat
Trading Screen Product Name |
Chicago SRW Wheat |
|
Commodity Code |
ZWA |
|
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 Wheat |