MGEX-CBOT Wheat Spread Options

MGEX-CBOT Wheat Spread Futures	MGEX-CBOT Wheat Spread Futures
Contract Unit 	5,000 bushels (~136 metric tons)
Price Quotation 	U.S. cents per bushel
Trading Hours 	5:00 p.m. - 2:00 p.m. Sunday - Friday CT
Minimum Price Fluctuation 	1/4 of one cent = $12.50
Product Code 	CME Globex: MCX
Clearing: MCG
Listed Contracts 	Monthly contracts listed for July, September and December
Settlement Method 	Financially Settled
Floating Price 	The Floating Price for each contract month will be the month-end spot U3O8 price published in Ux Weekly for the contract month by UxC, LLC (UxC). The procedures for trading, clearing and cash settlement of this contract, and any other matters not specifically covered herein shall be governed by the general rules of the Exchange.
Termination of Trading 	Trading terminates on the business day prior to the 15th calendar day of the contract month
Settlement Procedures 	Seasonal Strip Weather Settlement Procedures
Position Limits 	CBOT Position Limits
Exchange Rulebook 	CBOT 14E
Block Minimum 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing
MGEX-CBOT Wheat Spread Options 	MGEX-CBOT Wheat Spread Options 	MGEX-CBOT Wheat Spread Options
Contract Unit 	5,000 bushels 	5,000 bushels
Minimum Price Fluctuation 	1/8 of one cent per bushel = $6.25 	1/8 of one cent per bushel = $6.25
Price Quotation 	U.S. cents per bushel 	U.S. cents per bushel
Trading Hours 	CME Globex: 	Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and
Monday – Friday, 8:30 a.m. – 1:20 p.m. CT
Trading Hours 	Open Outcry: 	Monday – Friday, 8:30 a.m. – 1:15 p.m.
CT with Post session until 1:20 p.m. CT immediately following the close
Trading Hours 	CME ClearPort: 	Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Product Code 	CME Globex: MCW
CME ClearPort: MCG
Open Outcry: MCG
Clearing: MCG 	CME Globex: MCW
CME ClearPort: MCG
Open Outcry: MCG
Clearing: MCG
Listed Contracts 	MGEX July vs. CBOT July
MGEX September vs. CBOT July
MGEX December vs. CBOT December 	MGEX July vs. CBOT July
MGEX September vs. CBOT July
MGEX December vs. CBOT December
Termination of Trading 	Trading terminates on the last Friday which precedes by at least two business days the last business day of the month prior to the contract month. 	Trading terminates on the last Friday which precedes by at least two business days the last business day of the month prior to the contract month.
Position Limits 	CBOT Position Limits 	CBOT Position Limits
Exchange Rulebook 	CBOT 14E 	CBOT 14E
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Strike prices will be listed in increments of five cents per bushel. The minimum strike price range will include the strike price closest to the current MGEX-CBOT futures spread price, plus the next ten consecutive higher and the next ten consecutive lower strike prices.	Strike prices will be listed in increments of five cents per bushel. The minimum strike price range will include the strike price closest to the current MGEX-CBOT futures spread price, plus the next ten consecutive higher and the next ten consecutive lower strike prices.
Exercise Style 	European-style. The buyer of an MGEX-CBOT Wheat Spread option that is in-the-money after the close on the last trade day will be cash settled to the final settlement price. 	European-style. The buyer of an MGEX-CBOT Wheat Spread option that is in-the-money after the close on the last trade day will be cash settled to the final settlement price.
Settlement Method 	Deliverable 	Deliverable
Underlying 	MGEX-CBOT Wheat Spread Synthetic Futures 	MGEX-CBOT Wheat Spread Synthetic Futures
== Notes ==
==Resources==
CME Group MGEX-Chicago SRW Wheat Spread Contract Specs
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