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WIKI ANALYSIS
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This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract. |
This article is about a specific futures contract. For wheat prices in general, see the article on Wheat Prices.
Mini-Sized Wheat Futures are traded on the Chicago Board of Trade (CBOT) under ticker symbol YW in cents per bushel.[1] For electronic trading sessions, the symbol XW is used.[1]
The chart at left shows the Front Month Mini-Sized Wheat Futures prices on the Chicago Board of Trade (CBOT) in cents per bushel.
Delivery Dates
Mini-sized Wheat futures contracts are delivered every year in March, May, July, September, and December.[1]
The following is a table with wheat futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.
| Delivery Month | Full Ticker Symbol | Thomson-Reuters Symbol |
| March, 2009 | YWH9 | YW/H9-CB |
| May, 2009 | YWK9 | YW/K9-CB |
| July, 2009 | YWN9 | YW/N9-CB |
| September, 2009 | YWU9 | YW/U9-CB |
| December, 2009 | YWZ9 | YW/Z9-CB |
Contract Specifications
Contract Size
One mini-sized wheat futures contract on the Chicago Board of Trade (CBOT) is 1000 bushels.[1]
Daily Price Limit
The daily price limit for mini-sized wheat futures contracts on the Chicago Board of Trade (CBOT) is $.60 per bushel ($600 per contract) above or below the previous day's settlement price.[1] During the spot month, the limit restriction is lifted.
Last Trading Day
Trading of mini-sized wheat futures contracts on the Chicago Board of Trade (CBOT) ends on the business day prior to the fifteenth calendar day of the contract month.[1]
Deliverable Grades
Deliverable wheat grades for futures contracts on the Chicago Board of Trade (CBOT) at the contract price (at "par") are: No. 2 Soft Red Winter Wheat, No. 2 Hard Red Winter Wheat, No. 2 Dark Northern Spring Wheat, and No. 2 Northern Spring Wheat.[1]
Also deliverable for 3 cents per bushel over contract price are: No.1 Soft Red Winter Wheat, No. 1 Hard Red Winter Wheat, No. 1 Dark Northern Spring Wheat and No. 1 Northern Spring Wheat.[1]
Mini-Sized vs. Regular Wheat Futures
Mini-Sized Wheat Futures are identical in every way to the standard Wheat Futures traded on the Chicago Board of Trade (CBOT) except that the contract size is significantly smaller (1000 bushels vs. 5000 bushels) compared to standard Wheat Futures.
See Also
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 The Chicago Board of Trade's contract specifications for mini-sized wheat futures
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