Product

Common Wheat

Contract Size

50 tons per lot

Pricing Unit

Yuan per ton

Tick Size

1yuan per ton

Daily Price Limit

Within 4% above or below the settlement price of the previous trading day;

Refer to “ZCE Risk Management Rules and Practices”

Minimum Trading Margin

5% of contract value

Contract Months

January, March, May, July, September, November

Trading Hours

Monday – Friday, 9:00 am to 11:30 am, 1:30 pm to 3:00 pm (the Beijing Time)

Last Trade Date

10^th trading day of contract month

Last Delivery Date

Delivery by standard warrants:12^th trading day of contract month

Delivery on vehicle or ship board: 20^th calendar day of next month

Deliverable Grades

Grade 3 Wheat conforming to GB 1351-2008 with physical index matching requirements of ZCE Detailed Delivery Rules

Delivery Venue

ZCE Certified Delivery Warehouses; Delivery pricing location pointed by ZCE

Delivery Type

Physical Delivery

Product Ticker Symbols

PM

Listed Exchange

Zhengzhou Commodity Exchange