Wheat

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Wheat Specifications
Exchange: CBOT
Contract  Size5,000 Bushels
Pricing Unit:cents per bushel
Tick Size (minimum fluctuation):1/4 of one cent per bushel ($12.50 per contract)
Contract Months (Symbols)March (H), May (K), July (N), September (U), December (Z)
Trading Hours (CME GLOBEX, electronic)6:00 pm – 7:15 am and 9:30 am – 1:15 pm Central Time, Sunday – Friday
 Trading Hours (Trading Floor): 9:30 am – 1:15 pm Central Time, Monday – Friday
Daily Price Limit$0.60 per bushel expandable to $0.90 and then to $1.35 when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.
Settlement ProcedurePhysical Delivery
Last Trade DateThe business day prior to the 15th calendar day of the contract month.
 Last Delivery DateSecond business day following the last trading day of the delivery month.