Mini Wheat Futures Contract
This Wheat futures contract 1/5 the size of the Soft Red Winter (SRW) type Wheat futures contract. The crops are sowed around early October and are harvested between May and July following a period of winter dormancy. Around two-thirds of all wheat is used for human consumption, with the remainder designated for livestock feed and industrial use. Individuals traders, farmers, investors and commercial firms are among those around the world using this contract to manage risk, speculate in the grain markets and diversify portfolios.
Contract Unit
1,000 bushels
Futures Contract
Symbol
CME Globex: XW
Trading Hours
CME Globex: Sunday – Friday 7:00 p.m. – 7:45 a.m. and Monday – Friday 8:30 a.m. – 1:45 p.m. Chicago/Central Time (CT).
Minimum Price
Fluctuation
1/8 of one cent (0.000125) per bushel = $1.25
Contract Months
March, May, July, September & December
Settlement Method
Deliverable
Price Limit / Circuit
Source: CME Group
The above information was derived from sources believed to be reliable and accurate. It is provided without guarantees and is subject change without notice.
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