MKC tick value & contract specs
Mini-Sized KC HRW Wheat (MKC) futures trade on CBOT. The price moves in ticks of 0.125, each tick is worth $1.25 per contract, and a full one-point move is worth $10 per contract.
MKC contract specifications
| Symbol | MKC |
|---|---|
| Contract | Mini-Sized KC HRW Wheat |
| Exchange | CBOT |
| Tick size | 0.125 |
| Tick value (per contract) | $1.25 |
| Point value (per contract) | $10 |
| Ticks per point | 8 |
| Contract size | 1,000 bushels |
| Electronic hours (ET) | Sun–Fri 8:00pm – 8:45am, then 9:30am – 2:20pm |
MKC is quoted in cents per unit, so the tick size is in cents and one point is one cent.
Hours shift around US holidays and early closes. Check CME Group's trading-hours page before relying on them for a specific date.
This is the smaller version of KE (KC HRW Wheat), which is worth $12.50 per tick. KE specs →
MKC ticks to dollars
10 ticks × 1 contract = $12.50
MKC tick value table
Dollar value of a move in MKC before commissions, at $1.25 per tick per contract.
| Ticks | 1 contract | 2 contracts | 5 contracts | 10 contracts |
|---|---|---|---|---|
| 1 | $1.25 | $2.50 | $6.25 | $12.50 |
| 4 | $5 | $10 | $25 | $50 |
| 10 | $12.50 | $25 | $62.50 | $125 |
| 20 | $25 | $50 | $125 | $250 |
| 40 | $50 | $100 | $250 | $500 |
Worked example
You buy 2 MKC contracts and the price rises 10 ticks. Profit before fees = 10 ticks × $1.25 × 2 contracts = $25. The same move against you is a loss of the same amount.
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Start free trial →Frequently asked questions
$1.25 per contract. MKC moves in increments of 0.125, and each increment changes the value of one contract by $1.25.
$10 per contract. One point is 8 ticks of 0.125.
No. They are gross values from price movement alone. Your net result is lower by your broker's or prop firm's per-side fees; the fee guide lists current rates.
More contracts: Agricultural
Futures P&L calculator with MKC selectedFutures Position Size Calculator (Free, No Signup) — FillbookFutures Trading Journal: Auto-Sync & Real Tick P&L — FillbookAll futures tick values
These are the tick and point values Fillbook uses to calculate P&L on every logged MKC trade. Confirm specifications with the exchange before trading. CBOT contract specifications