QUOTE AND NEWS
Benzinga  1 hr ago  Comment 
Wheat Futures extended Thursday's losses into Friday. Trading was choppy. September Chicago Wheat settled at 554, down 8 1/4 cents and December Chicago Wheat settled 563 1/2, down 7 1/2 cents. September Kansas City Wheat settled 546 1/2, down 6...
Benzinga  5 hrs ago  Comment 
Benzinga  Jul 16  Comment 
Wheat Futures ended Thursday's trading session a little lower. September Chicago Wheat settled at 562 1/4, down 4 1/2 cents and December Chicago Wheat settled 571, down 3 1/2 cents. September Kansas City Wheat settled 553 1/4, down 5 3/4 cents and...
Benzinga  Jul 16  Comment 
Benzinga  Jul 15  Comment 
Wheat Futures ended Wednesday's trading session a little lower and well off the lows of the day at the close. September Chicago Wheat traded at 567 1/2, down 3 1/2 cents and December Chicago Wheat traded at 575, down 1 1/2 cents. September Kansas...
Benzinga  Jul 14  Comment 
Wheat Futures ended Tuesday's trading session lower. September Chicago Wheat settled at 571, down 4 3/4 cents and December Chicago Wheat settled at 576 1/2, down 5 1/2 cents. September Kansas City Wheat settled at 561 1/4, down 6 cents and...
Benzinga  Jul 14  Comment 
Benzinga  Jul 14  Comment 
Benzinga  Jul 13  Comment 
Wheat Futures ended the trading session a little lower on Monday. September Chicago Wheat was trading at 575 1/2, down 1/2 of a cent and December Chicago Wheat was trading at 581 1/4, down 2 1/4 cents. Kansa City Wheat futures were also lower....
Benzinga  Jul 13  Comment 
Benzinga  Jul 10  Comment 
Wheat Futures ended the trading session lower on Friday after the release of the USDA monthly crop production report. Trading was choppy and weak late in the session. September Chicago Wheat settled at 576, down 2 cents and December Chicago Wheat...
Benzinga  Jul 9  Comment 
Wheat Futures ended the trading session on Thursday mixed ahead of the USDA monthly crop production report due out on Friday. September Chicago Wheat settled at 578, up 1/2 a cent and December Chicago Wheat settled at 586, up 1 1/4 cents....
Benzinga  Jul 8  Comment 
Wheat Futures traded very choppy on Wednesday and ended the day lower. September Chicago Wheat settled at 577, down 7 3/4 cents and December Chicago Wheat settled at 584 3/4, down 8 cents. September Kansas City Wheat settled at 583, down 3 1/4...
Benzinga  Jul 8  Comment 
Benzinga  Jul 7  Comment 
Wheat Futures traded very choppy and ended the day lower. September Chicago Wheat settled at 585 1/4, down 10 1/4 cents and December Chicago Wheat settled at 592 3/4, down 11 cents. September Kansas City Wheat settled at 586 1/4, down 6 1/4 cents...
Benzinga  Jul 7  Comment 
Benzinga  Jul 6  Comment 
Wheat Futures traded very choppy and ended the Monday's trading session higher. September Chicago Wheat settled at 595 1/2, up 5 cents. December Chicago Wheat settled at 603 3/4, up 4 1/2 cents. September Kansas City Wheat settled at 592 1/2, up...
Benzinga  Jul 6  Comment 
Benzinga  Jul 6  Comment 




 

This article is about a specific futures contract traded on the CBOT. For wheat prices in general, see the article on Wheat Prices. For wheat traded on the KCBT, see the article on Kansas City Wheat Futures. For wheat traded on the MGEX, see the article on Spring Wheat Futures.

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]


The Chart at left displays the front-month Wheat prices on the Chicago Board of Trade (CBOT) in cents per bushel.

Delivery Dates

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, 2009WH9W/H9-CB
May, 2009WK9W/K9-CB
July, 2009WN9W/N9-CB
September, 2009WU9W/U9-CB
December, 2009WZ9W/Z9-CB

Contract Specifications

Contract Size

One wheat futures contract on the Chicago Board of Trade (CBOT) is 5,000 bushels.[1]

Daily Price Limit

The daily price limit for wheat futures contracts on the Chicago Board of Trade (CBOT) is $.60 per bushel ($3000 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 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, 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]

CBOT Wheat vs. KCBT Wheat

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".

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 wheat futures
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