Mini-Sized Wheat Futures

QUOTE AND NEWS
 

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, 2009YWH9YW/H9-CB
May, 2009YWK9YW/K9-CB
July, 2009YWN9YW/N9-CB
September, 2009YWU9YW/U9-CB
December, 2009YWZ9YW/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. 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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki