CBOT - Wheat Quotes Open Auction

mini-sized Wheat Futures

Contract Size

1,000 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

1/8 cent/bushel ($1.25 per 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

Electronic: 6:00 p.m. - 6:00 a.m. and 9:30 a.m. - 1:45 p.m. Central Time, Sun.-Fri.
Open Auction: 9:30 a.m. to 1:45 p.m. Central Time, Mon-Fri.
Trading in expiring contracts closes at noon on the last trading day.

Ticker Symbols

Open Auction - YW
Electronic - XW

Daily Price Limit

Sixty cents ($0.60) per bushel or ($300 per contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day).

Margin Information

Find information on margins requirements for the mini-sized Wheat Futures.