The underlying instrument for WHEATF is the Wheat Futures contract.
Wheat is one of the largest soft commodities produced globally and its production is spread all around the world, with the largest crops being found in China, the US, India and Russia, France and Australia. Wheat’s pricing is heavily impacted by global climate factors in addition to the economies and production output of its largest producers.
Margin Requirement's may differ depending on account type and can be viewed in the dealing rates and create order windows on the trading station or by clicking here.
Trading Hours, Expiration and Reference Month
Please click here for trading hours. Please note, however, that hours are subject to change based on Daylight Savings Time. Any holiday hours will be posted here. FXCM expiration dates and current reference month for WHEATF are located in the FRIEDBERG DIRECT CFD Expiration PDF.
If you have an open position, the reference month you are trading will not be changed, although expiration dates may be amended. Upcoming reference months may be changed with no prior notice. Please ensure you are aware of which reference month is currently being priced, prior to opening a trade.
Clients that hold an open position on the ‘FXCM Expiration’ will be closed at our bid/offer at 17:00 New York time for WHEATF, which means the client will realise any floating P/L at the time it is closed. When WHEATF expires, all pending Entry orders and Stop/Limit orders that are associated with the expiring contract will be cancelled. Clients will need to re-establish another position if desired after the expiration and reinsert Stop and Limit orders to the new open position.
WHEATF has a target spread of 11 pips/points
Max Contract Size
The maximum number of contracts per click (trade) for WHEATF is 500
Minimum Pip Cost (Value)
WHEATF has a minimum value of 0.10 per point (Your per point value may be different if your account is denominated in a different currency. Please refer to the Simple Dealing Rates Window in Trading Station for this value).
The pip/point location is shown below. Each 0.10 price movement on WHEATF is 1 pip/point. Friedberg Direct’s pricing displays an additional decimal place - ideal for scalpers in a fast-moving market.
Number of Friedberg Direct Contracts to Equal 1 Future
50 Friedberg Direct WHEATF contracts are currently equivalent to one Wheat Future.
WHEATF has no financing cost (Rollover).