[Series] CME CBOT: ZW Chicago SRW Wheat Futures
Down(2!) the second nearest expiration month contract.
Chicago SRW Wheat Futures (CME CBOT: ZW) : SRW wheat = Soft Red Winter wheat : typically used to produce flat breads, cakes, crackers, cookies, snack foods and pastries. They are grown in more humid environments, not suited to hard wheat production from central Texas, towards the northeastern Great Lakes and east to the Atlantic. SRW is standardized under the U.S. Standards for Wheat. CBOT = Chicago Board of Trade. Product Code: CME Globex: ZW. Contract Unit: 5,000 bushels (~ 136 metric tons). Price Quotation: U.S. cents per bushel. Minimum Price Fluctuation: 1/4 of one cent (0.0025) per bushel = $12.50 . Settlement Method: Deliverable. 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. Termination Of Trading: Trading terminates on the business day prior to the 15th day of the contract month. Listed Contracts: 15 monthly contracts of Mar, May, Jul, Sep, Dec listed annually following the termination of trading in the July contract of the current year.