QUOTE AND NEWS
Agrimoney.com  Aug 7  Comment 
US wheat futures perform strongly - but at the expense of regained export competitiveness against the EU. Brazil worries heat up the coffee market
Agrimoney.com  Jul 21  Comment 
More dry weather predictions in the US has arrested the fall in wheat futures from the high reached two weeks ago
Agrimoney.com  Jul 6  Comment 
European wheat futures close higher but, in the absence of a pull from US markets, only just. Rapeseed fares a bit better. But cocoa prices ease
Agrimoney.com  Jul 6  Comment 
US wheat futures, having trod "long overdue" losses, stage a late bounce to multi-year closing highs. Corn, soy, cotton gain too. But not cocoa, sugar
Agrimoney.com  Jul 4  Comment 
European wheat futures close higher but, in the absence of a pull from US markets, only just. Rapeseed fares a bit better. But cocoa prices ease
MarketWatch  Jul 3  Comment 
Wheat futures prices rally Monday as concerns about low U.S. plantings and dry weather lift prices to their highest level in almost two years.
CNBC  Jun 30  Comment 
Wheat futures soared more than 3 percent on Friday as drought worsened in a key growing region.
Agrimoney.com  Jun 20  Comment 
Data show US spring wheat deteriorating further, defying expectations of revival. In Europe, a heatwave spurs worries of crop "scalding"
Agrimoney.com  Jun 19  Comment 
That is, how will this rally fare compared with June headway in 2015? Still, hedge fund data put a dampener on early trade, in corn especially
Agrimoney.com  Jun 15  Comment 
Chicago wheat takes the baton in the wheat rally, amid fears for dryness damage to crops in the EU, Ukraine and Australia, besides the US. Cotton dips




 

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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