CME Group KC HRW Wheat-Wheat Intercommodity Spread Options

The KC HRW Wheat-Wheat Intercommodity Spread Options contract became effective on CME on June 22nd, 2020.
KC HRW Wheat-Wheat Intercommodity Spread Synthetic Futures	KC HRW Wheat-Wheat Intercommodity Spread Synthetic Futures	KC HRW Wheat-Wheat Intercommodity Spread Synthetic Futures
Product Code 	Clearing: KCW 	Clearing: KCW
Settlement Method 	Financially Settled 	Financially Settled
KC HRW Wheat-Wheat Intercommodity Spread Options	KC HRW Wheat-Wheat Intercommodity Spread Options 	KC HRW Wheat-Wheat Intercommodity Spread Options 	
Contract Unit 	1 intercommodity futures spread for 5,000 bushels 	1 intercommodity futures spread for 5,000 bushels 	
Minimum Price Fluctuation 	1/8 of one cent (0.00125) per bushel = $6.25 	1/8 of one cent (0.00125) per bushel = $6.25 	
Price Quotation 	U.S. cents per bushel 	U.S. cents per bushel 	
Trading Hours 	CME Globex: 	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 	
Trading Hours 	Open Outcry: 	Sunday - Friday, 7:00 p.m. - 7:45 a.m. CT and Monday - Friday, 8:30 a.m. - 1:20 p.m. CT 	
Product Code 	CME Globex: KCW
CME ClearPort: KCW
Open Outcry: KCW
Clearing: KCW 	CME Globex: KCW
CME ClearPort: KCW
Open Outcry: KCW
Clearing: KCW 	
Listed Contracts 	2 futures intercommodity spreads (Jul and Dec) 	2 futures intercommodity spreads (Jul and Dec) 	
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 in expiring options ceases at the close of the regular CME Globex trading session for the corresponding futures contract.	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 in expiring options ceases at the close of the regular CME Globex trading session for the corresponding futures contract.	
Position Limits 	CBOT Position Limits 	CBOT Position Limits 	
Exchange Rulebook 	CBOT 14G 	CBOT 14G 	
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds 	Block Minimum Thresholds
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing 	
Strike Price Listing Procedures 	100 index point integer multiples, when listed: +30% to -50% of the prior day’s settlement price on the underlying future contract
10 index point integer multiples, when the underlying future is the second closest contract: +10% to -20% of the prior day’s settlement price on the underlying future contract	100 index point integer multiples, when listed: +30% to -50% of the prior day’s settlement price on the underlying future contract
10 index point integer multiples, when the underlying future is the second closest contract: +10% to -20% of the prior day’s settlement price on the underlying future contract	100 index point integer multiples, when listed: +30% to -50% of the prior day’s settlement price on the underlying future contract
10 index point integer multiples, when the underlying future is the second closest contract: +10% to -20% of the prior day’s settlement price on the underlying future contract
Exercise Style 	European Style 	European Style 	
Settlemnt Method 	Deliverable 	Deliverable 	
Underlying 	Micro E-mini Nasdaq 100 Index Futures 	Micro E-mini Nasdaq 100 Index Futures 	
== Notes ==
== References ==
== Resources ==
KC HRW Wheat-Wheat Intercommodity Spread Options Contract Specs
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Category:Reserved Pages - CME
Category:Agriculture Futures
Category:Wheat Futures
Category:Futures Contracts Traded on CME Group
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