Wheat Futures

Contract Size

5,000 bushels
 

Deliverable Grades

No. 2 Soft Red Winter, No. 2 Hard Red Winter, No. 2 Dark Northern Spring, and No. 2 Northern Spring at par; No. 1 Soft Red Winter, No. 1 Hard Red Winter, No. 1 Dark Northern Spring and No. 1 Northern Spring at 3 cents per bushel over contract price.
 

Tick Size

1/4 cent/bushel ($12.50/contract)
 

Price Quote

Cents/bushel
 

Contract Months

Jul, Sep, Dec, Mar, May
 

Last Trading Day

The business day prior to the 15th calendar day of the contract month.
 

Last Delivery Day

Seventh business day following the last trading day of the delivery month.
 

Trading Hours

Open Auction: 9:30 a.m. - 1:15 p.m. Central Time, Mon-Fri.
Electronic: 6:32 p.m. - 6:00 a.m. Central Time, Sun.-Fri.
Trading in expiring contracts closes at noon on the last trading day.
 

Ticker Symbols

Open Auction: W
Electronic: ZW
 

Daily Price Limit

Thirty cents ($0.30) per bushel ($1,500/contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day).