Common Wheat Futures Contract Specs
Product | Common Wheat |
Trading Unit | 50 metric tons/lot |
Price Quotation | Chinese yuan (CNY)/metric ton |
Minimum Price Fluctuation | CNY1/metric ton |
Daily Price Limit | ±4% of the settlement price of the previous trading day; Refer to relevant provisions on daily price limit under the Measures for the Administration of Risk Control of Zhengzhou Commodity Exchange |
Minimum Trading Margin | 5% of contract value |
Contract Months | January, March, May, July, September, November |
Trading Hours | Monday to Friday (except public holidays) 9:00 a.m.-11:30 a.m. 1:30 p.m.-3:00 p.m. (Beijing time) |
Last Trading Day | The 10th trading day of the delivery month |
Last Delivery Day | Delivery by registered receipts: The 13th trading day of the delivery month Board delivery: The 20th day of the month following the delivery month |
Grade and Quality | Grade 3 or higher grade wheat conforming to the specifications prescribed in the National Standard of the People’s Republic of China, Wheat (GB 1351-2008) with physical indicators complying with the Detailed Rules for Futures Delivery of Zhengzhou Commodity Exchange |
Delivery Point | Designated delivery warehouses and delivery valuation points of Zhengzhou Commodity Exchange |
Delivery Method | Physical Delivery |
Product Code | PM |
Listed Exchange | Zhengzhou Commodity Exchange |