Hard Red Winter Wheat Index

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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	N/A	6:00 p.m. to 7:45 a.m. (CT) Sunday - Friday 9:30 a.m. - 1:30 p.m. Monday-Friday
Ticker Symbol	N/A	OMW
Price Limits	N/A	60 cents per bushel

The MGEX HRSW futures contract is the only major wheat futures contract with a required minimum protein for its deliverable stocks. The contract requires a minimum 13.5 percent, or better, protein content.

The Hard Red Spring 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. It is harvested in the summer and the new crop month is July.