QUOTE AND NEWS
Agrimoney.com  7 hrs ago  Comment 
Wheat prices make a short-lived attempt to break out of a long-term downtrend, while the bounce in cocoa futures extends
Benzinga  Feb 16  Comment 
The USDA reported today that wheat export sales for the week ending February 9th totaled 569,100 tonnes. Sales were up 8 percent from previous week and up 10 percent the four week average There were 19,500 tonnes sold for 2018. March Chicago...
Benzinga  Feb 16  Comment 
March Chicago Wheat is trading at 454 1/2, down 1/4 of a cent/bushel. May Chicago Wheat is trading at 467 3/4, down 3/4 of a cent/bushel. March Kansas City Wheat is trading at 468, down 1 1/4 of a cent/bushel. Wheat futures are trading steady....
Benzinga  Feb 15  Comment 
March Chicago Wheat is trading at 448 1/4, down 1 1/4 cents/bushel. May Chicago Wheat is trading at 461 1/2, down 2 cents/bushel. March Kansas City Wheat is trading at 462 1/2, down 2 3/4 of a cent/bushel. Wheat futures are trading just above...
Agrimoney.com  Feb 15  Comment 
Wheat futures ask further questions over whether a nine-year bear market is over. Corn edges up, amid doubts over a Mexican move against US supplies
Benzinga  Feb 14  Comment 
March Chicago Wheat is trading at 447, down 5 1/4 cents/bushel. May Chicago Wheat is trading at 460 1/2, down 6 1/2 cents/bushel. March Kansas City Wheat is trading at 461 3/4, down 5 cents/bushel. Wheat futures are trading just above the...
Agrimoney.com  Feb 14  Comment 
Officials lift to clear record highs estimates of Australia's wheat and barley crops. But dryness will cut sorghum output to a 19-year low
Agrimoney.com  Feb 14  Comment 
Chicago wheat futures, having taken a key chart point, avoid confrontation with the next. Farmer selling caps corn, while export jitters dent soybeans
Agrimoney.com  Feb 13  Comment 
Kansas City wheat leads Chicago futures higher, while cocoa plumbs new eight-year lows on a glut of West African supplies
Agrimoney.com  Feb 13  Comment 
Soy prices fall after the US warns of export rivalry, catching traders "off-guard". But in wheat, US trade hopes help futures to a 7-month top




 

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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