US Wheat Futures5241931

Description

Cash Settled U.S. Wheat Futures

Market Specifications

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 Venue
ICUS

Trading Hours

CityTradingPre-Open
New York8:00 PM - 2:30 PM*
20:00 - 14:30
7:30 PM
19:30
London1:00 AM - 7:30 PM
01:00 - 19:30
12:30 AM
00:30
Singapore8:00 AM - 2:30 AM*
08:00 - 02:30
7:30 AM
07:30

*Next Day

Sunday Pre-Open is 5:30 PM ET and Sunday Open is 6:00 PM ET

Codes

Clearing Admin Name
US Wheat
Physical
IW
Logical
IW
GMI (FC)
Y-
R&N A.C.N.