This article is about a specific futures contract. For wheat prices in general, see the article on Wheat Prices.
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|
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. During the spot month, the limit restriction is lifted.
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.
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.
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.