- Trading Screen Product Name
- US Wheat Futures
- Trading Screen Hub Name
- NYCC
- Contract Symbol
IW
- Contract Size
5,000 bushels
- Quotation
U.S. cents per bushel, calculated to 3 decimal places
- Contract Months
March, May, July, September, December
- Minimum Price Movement
One quarter of one cent per bushel, expressed as .250 ($12.50 per
contract)
- Daily Price Limit
60 cents per bushel, expandable to 90 cents per bushel then to
$1.35 per bushel when the market closes at limit bid or offer. No
limit on the expiring contract on the last trading day.
- Last Trading Day
Business day prior to the First Notice Day of the corresponding
trading month of the Wheat futures contract at the Chicago Board of
Trade.
- Final Settlement
ICE Cash-Settled US Wheat Futures Contracts are cash settled at
expiration based upon the settlement price of the corresponding
trading month of the Wheat futures contract at the Chicago Board of
Trade on the Last Trade Date for the ICE contract.
- Position Limits
Any one month and all months combined limit: 12,000 Futures
Contracts and Futures Equivalent Contracts Spot month limit: 600
Futures Contracts as of the close of trading on Last Trading Day.
- MIC Code
- IFUS
- Clearing Venues
- ICUS
