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Educational Resources For Trading Futures & Options

The following information provides basic contract specifications for crude oil futures contracts.  Please feel free to contact us via Phone, Live Chat, or Email for any further inquiries.

Educational Resources For Trading Futures & Options

Participate in global price discovery for wheat.  Identify short and long-term cyclical price and volatility patterns for wheat.  Trade to hedge or speculate based on expectations of directional price, spread movement or volatility in wheat.  There are two contract denominations available for trade:


  • ZW trades in units of 5,000 bushels
    The minimum price fluctuation is ¼ (0.25¢) per bushel ($12.50 per contract)
  • XW (miniwheat) trades in units of 1,000 bushels
    The minimum price fluctuation is ¼ (0.25¢) per bushel ($2.50 per contract)

Maximum Daily Price Fluctuation is 60 cents.

Contract Expiration:  Request Free Demo to gain access to our web-based trading platform.  From within the web-based platform you will have access to view complete contract specifications, including First Notice and Last Trading day.

Margin requirements are subject to change, and are required for open futures positions.

The wheat futures contract is available to trade via the CME Globex trading platform.  Open outcry trading is conducted 7:30AM PT through 11:15AM PT.  Electronic trading is available during open outcry trading as well as 4:00PM PT through 4:00AM PT.

Trading example:  If you were to purchase 1 contract of ZW at 700, and the next day it moves to 710, you would have a profit of $500.  Inversely, if it were to move down to 690, you would have a loss of $500.  For less risk/volatility you can trade the mini contract which is 1/5 the size.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - To make sense of the information provided and learn how to trade futures please read through our futures education.
This information is from sources believed to be reliable, but Expo Futures will not be held responsible for either its accuracy or completeness. Please note that all times posted are in Pacific Standard Time and are subject to change.
For information on a particular contract not listed, please feel free to contact us.

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