- Trading Screen Product Name
- Milling Wheat Futures
- Trading Screen Hub Name
- Pricing Basis
Free on Board points in the Par Region
- Delivery Months
March, May, July, October, December
- Deliverable Specifications
Contract deliverable grades shall be based on primary elevator
grade standards as established by the Canadian Grain Commission
(1) Non-commercially clean Canadian wheat with a minimum of
13.0% protein, a maximum of 2.0 ppm vomitoxin, and a maximum
dockage of 1% (dockage deductable to CGC standards), all other
specifications to meet No. 1 or No. 2 Canada Western Red Spring
Wheat at par; or
(2) Non-commercially clean Canadian wheat with a minimum of 13.5%
protein, a maximum 2.0 ppm vomitoxin, and a maximum dockage of 1%
(dockage deductible to CGC standards), all other specifications to
meet No. 1 or No. 2 Canada Western Red Spring Wheat at a premium of
$5.00 per net tonne..
- Delivery Points
Par - Par area in Eastern Saskatchewan, East of Saskatoon,
and may also include locations in Manitoba that are located near
the Manitoba-Saskatchewan border.
Southern Manitoba - Locations in Manitoba, south of Dauphin,
and may also include locations in Saskatchewan that are located
near the Manitoba-Saskatchewan border, at a $2.00/tonne
Northwestern Manitoba – Locations in the
Dauphin-Roblin-Swan River area of Manitoba at a $2.00/tonne
Western Saskatchewan – Locations in Western
Saskatchewan, and may also include locations in Alberta that are
located near the Saskatchewan-Alberta border, at a $4.00/tonne
Alberta – Locations in Central and Southern Alberta at
a $8.00/tonne premium.
Peace River – Locations in the Peace River region of
Alberta and B.C. at a $4.00/tonne premium.
- Contract Size
1 contract = 100 tonnes
- Trade Match Algorithm
- First Notice Day
One Trading Day prior to the first delivery day.
- First Delivery Day
First Trading Day of the delivery month.
- Last Trading Day
Trading Day preceding the fifteenth calendar day of the delivery
- Minimum Price Flux
$0.10/tonne ($10.00 per contract)
- Daily Price Limit
$20.00/tonne above or below previous settlement, expandable to $30
and then to $40. Daily Price Limits are not applied when there is
no Open Interest in any futures contract month or options series.
- Speculative Position Limit
500 contracts in delivery month
- MIC Code
- Clearing Venue