HỢP ĐỒNG LÚA MÌ TƯƠNG LAI (WHEAT FUTURES)
|
Contract Unit
|
5,000 bushels (~ 136 Metric Tons)
|
Price Quotation
|
Cents per bushel
|
Trading Hours
|
Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and
|
Monday – Friday, 8:30 a.m. – 1:20 p.m. CT
|
Minimum Price Fluctuation
|
1/4 of one cent per bushel ($12.50 per contract)
|
Product Code
|
CME Globex: ZW
|
CME ClearPort: W
|
Clearing: W
|
TAS: ZWT
|
Listed Contracts
|
March (H), May (K), July (N), September (U) & December (Z)
|
Settlement Method
|
Deliverable
|
Termination Of Trading
|
The business day prior to the 15th calendar day of the contract month.
|
Trade At Marker Or Trade At Settlement Rules
|
Trading at settlement is available for first 3 listed futures contracts, nearby new-crop July contract (if not part of the first 3 outrights), first to second month calendar spread, second to third month calendar spread, and nearest Jul-Dec OR Dec-Jul spread when available (when December is listed); and are subject to the existing TAS rules. The Last Trade Date for CBOT Grain and Oilseed TAS products will be the First Position Day (FPD) of the front-month contract (FPD is the second to last business day in the month prior to the nearby contract month).
|
Trading in all CBOT Grain TAS products will be 19:00-07:45 and 08:30-13:15 Chicago time. All resting TAS orders at 07:45 will remain in the book for the 08:30 opening, unless cancelled.
|
TAS products will trade a total of four ticks above and below the settlement price in ticks of the corresponding futures contract (0.0025), off of a "Base Price" of 0 to create a differential (plus or minus 4 ticks) versus settlement in the underlying product on a 1 to 1 basis. A trade done at the Base Price of 0 will correspond to a "traditional" TAS trade which will clear exactly at the final settlement price of the day.
|
Settlement Procedures
|
Wheat Settlement Procedures
|
Position Limits
|
CBOT Position Limits
|
Exchange Rulebook
|
CBOT 14
|
Price Limit Or Circuit
|
Price Limits
|
Vendor Codes
|
Quote Vendor Symbols Listing
|
Last Delivery Date
|
Second business day following the last trading day of the delivery month.
|
Grade And Quality
|
#2 Soft Red Winter at contract price, #1 Soft Red Winter at a 3 cent premium, other deliverable grades listed in Rule 14104.
|