KC HRW Wheat Futures are traded on the Chicago Mercantile Exchange. Each contract is for One contract (5,000 bushels) of deliverable. Prices are quoted in Cents and quarter cents per bushel.
KC HRW Wheat Futures contracts exist for the months of March (H), May (K), July (N), September (U) and December (Z). The deliverable product for KC HRW Wheat is No. 2 at contract price with a maximum of 10 IDK per 100 grams; No. 1 at a 1 1/2-cent premium. Deliverable grades of HRW shall contain a minimum 11% protein level. However, protein levels of less than 11%, but equal to or greater than 10.5% are deliverable at a ten cent (10) discount to contract price. Protein levels of less than 10.5% are not deliverable. When warehouse receipts are surrendered to the issuer for load-out, the taker of delivery shall have the option to, at the takers expense, request in the written load-out instructions that the wheat contain no more than 2 ppm of deoxynivalenol (vomitoxin). A determination of the level of vomitoxin shall be made at the point of origin by the Federal Grain Inspection Service or such other third party inspection service mutually agreeable to the maker and taker of delivery. A determination of the level of vomitoxin shall be based on the average test results of the wheat loaded in a single day from a single warehouse for each taker of delivery.
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Historical commitment data is available from n.a. to n.a..
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Quandl's explanatory page About Futures Contracts.
This page was created by Chris Stevens for Quandl.