| 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 |
| Electronic: 6:00 p.m. - 6:00 a.m. and 9:30 a.m. - 1:15 p.m. Central Time, Sun.-Fri. Open Auction: 9:30 a.m. - 1:15 p.m. Central Time, Mon-Fri. Trading in expiring contracts closes at noon on the last trading day. |
| Ticker Symbols |
| Open Auction: W Electronic: ZW |
| Daily Price Limit |
| Sixty cents ($0.60) 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). |
| Margin Information |
| Find information on margins requirements for the Wheat Futures. |