Difference between revisions of "Hard Red Winter Wheat Index"

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{{Contract
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|exch    = MGEX <!-- Exchange name or acronym-->
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|cname    = Hard Red Spring Wheat Index
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Index -->
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|ctype    = Agricultural <!-- Type of commodity, e.g. Agricultural, Financial, Weather, Emissions -->
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|settle  = C <!-- C for cash settled, B for both cash and physical, P or leave blank for physical -->
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|months  = All 12 months <!-- Contract months traded -->
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|fnd      = The last day of the month preceeding the delivery month <!-- Rules for determining First Notice Date, or blank if none -->
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|ltd      = The business day preceeding the fifteenth calendar day of that contract month. <!-- Rules for determining Last Trading Day -->
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|unit    = 5,000 Bushels <!-- Unit of commodity in contract, e.g. 50,000 pounds -->
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|ptdesc  =  <!-- Description of one contract point, e.g. 0.0001 cents per pound -->
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|ptval    =  Not applicable <!-- Dollar (or other currency) value of a single contract point -->
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|tickPt  = $12.50 per contract <!-- Number of points per trading tick, eg 2.5 -->
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|tickVal  = 1/4 cent per bushel <!-- Dollar (or other currency) amount of trading tick -->
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|elect    = Y <!-- Y if an electronic trading session exists; leave blank if none -->
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|elHours  = 6:00 p.m. to 1:45 p.m. (CT) Sunday - Friday <!-- Electronic trading hours; leave blank if none -->
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|elLimit  = 60 cents per bushel <!-- Price limits on electronic trading session; leave blank if none -->
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|elSym    = MWE <!-- Ticker symbol for electronic platform; leave blank if none -->
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|outcry  =<!-- Y if an open outcry session exists for trading; leave blank if electronic only -->
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|ooHours  = <!-- Open outcry trading hours; leave blank if none -->
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|ooLimit  =  <!-- Price limits on open outcry trading session; leave blank if none -->
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|ooSym    =  <!-- Ticker symbol for open outcry session; leave blank if none -->
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<!-- The following section is for option data -- leave blank if options are not relevant -->
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|oed      =  <!-- Rules for determining Option Expiration Day -->
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|options  = 1 <!-- Any value if option data is being provided -->
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|opUnit    =  <!-- Trade unit -- leave blank unless it's something other than "One futures contract" -->
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|opMonths  = All 12 months <!-- List of option months -->
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|opPtdesc  =  <!-- description of point value, e.g 0.5 cents per bushel, dollars per ounce -->
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|opPtval  =  Not Applicable <!-- dollar (or other currency) value of one market point -->
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|opTickPt  = $6.25 per contract<!-- option tick size in points -->
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|opTickVal = 1/8 cent per bushel<!-- option tick size in currency -->
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|opExercise= American <!-- Exercise style, American, European or leave blank if not relevant -->
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|opElect  = 1 <!-- Any value if electronic trading is used -->
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|opEHours  = 6:00 p.m. to 7:45 a.m. (CT) Sunday - Friday 9:30 a.m. - 1:30 p.m. Monday-Friday <!-- trading hours for electronic platform; leave blank if none -->
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|opELimit  = 60 cents per bushel <!-- Daily price limit for electronic platform; leave blank if none -->
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|opESym    = OMW <!-- Ticker symbol for electronic session -->
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|opOutcry  =  <!-- Any value if open outcry is used -->
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|opOHours  =  9:30 a.m. - 1:30 p.m. Monday-Friday<!-- trading hours for open outcry session; leave blank if none -->
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|opOLimit  =  60 cents per bushel<!-- Daily price limit for open outcry session; leave blank if none -->
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|opOSym    =  WP- puts, WC- calls<!-- Ticker symbol for open outcry session -->
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|opStrike  =  <!-- Strike price interval description -->
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}}
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The Hard Red Winter Wheat Index futures of the [[Minneapolis Grain Exchange]] are financially settled and electronically traded futures and options contracts traded on the Globex trading platform.  This U.S. wheat contract provides price discovery on wheat originated at country elevators.<ref>{{cite web|url=http://www.mgex.com/wheat_index.html|name=Wheat Indexes|org=Minneapolis Grain Exchange|date=January 16, 2008}}</ref>
 
The Hard Red Winter Wheat Index futures of the [[Minneapolis Grain Exchange]] are financially settled and electronically traded futures and options contracts traded on the Globex trading platform.  This U.S. wheat contract provides price discovery on wheat originated at country elevators.<ref>{{cite web|url=http://www.mgex.com/wheat_index.html|name=Wheat Indexes|org=Minneapolis Grain Exchange|date=January 16, 2008}}</ref>
  

Revision as of 11:32, 10 August 2009

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Hard Red Spring Wheat Index

Index --> futures

Exchange MGEX
Settlement Cash settled
Contract Size 5,000 Bushels
Pricing Unit Not applicable
Tick Value 1/4 cent per bushel
Contract Months All 12 months
First Notice Date The last day of the month preceeding the delivery month
Last Trading Day The business day preceeding the fifteenth calendar day of that contract month.
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A 6:00 p.m. to 1:45 p.m. (CT) Sunday - Friday
Ticker Symbol N/A MWE
Price Limits N/A 60 cents per bushel
 
Hard Red Spring Wheat Index

Index --> options

Trade Unit One futures contract
Point Value Not Applicable
Tick Value 1/8 cent per bushel ($6.25 per contract)
Option Months All 12 months
Strike Prices Need strike price description!
Exercise Style American
  No Open Outcry Electronic
Trading Hours 9:30 a.m. - 1:30 p.m. Monday-Friday 6:00 p.m. to 7:45 a.m. (CT) Sunday - Friday 9:30 a.m. - 1:30 p.m. Monday-Friday
Ticker Symbol WP- puts, WC- calls OMW
Price Limits 60 cents per bushel 60 cents per bushel

The Hard Red Winter Wheat Index futures of the Minneapolis Grain Exchange are financially settled and electronically traded futures and options contracts traded on the Globex trading platform. This U.S. wheat contract provides price discovery on wheat originated at country elevators.[1]

References

  1. Wheat Indexes. Minneapolis Grain Exchange.