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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.
Wheat Futures are traded on the Chicago Board of Trade (CBOT) under ticker symbol W in cents per bushel.[1] For electronic trading sessions, the symbol ZW is used.[1]
Wheat futures prices for a July, 2009 delivery date. Prices are in cents per bushel.
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 | WH9 | W/H9-CB |
| May, 2009 | WK9 | W/K9-CB |
| July, 2009 | WN9 | W/N9-CB |
| September, 2009 | WU9 | W/U9-CB |
| December, 2009 | WZ9 | W/Z9-CB |
One wheat futures contract on the Chicago Board of Trade (CBOT) is 5,000 bushels.[1]
The daily price limit for wheat futures contracts on the Chicago Board of Trade (CBOT) is $.60 per bushel ($1500 per contract) above or below the previous day's settlement price.[1] During the spot month, the limit restriction is lifted.
Trading of 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 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, and No. 2 Dark 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]
Both wheat futures traded on Chicago Board of Trade (CBOT) and the Kansas City Board of Trade (KCBT) are used as benchmarks for wheat prices in general. However, generally speaking, the term "wheat futures" refers to wheat futures traded on the CBOT while wheat futures traded on the KCBT are specified to be "KCBT Wheat," "KC Wheat," or "Kansas City Wheat".
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