QUOTE AND NEWS
Agrimoney.com  Jun 4  Comment 
Chicago wheat futures see their highest close in two months, on the prospect of unwanted rain. Soy gains too. Meanwhile, canola hits a one-year high
Benzinga  Jun 4  Comment 
Wheat futures are treading higher Thursday. July Chicago Wheat is trading at 519 1/2, up 8 3/4 cents. July Kansas City Wheat is trading at 537 3/4, up 8 1/2 cents. Market chatter about weather and the USDA Monthly Crop report next week is...
Agrimoney.com  Jun 3  Comment 
A weaker dollar makes headway easier in ag commodity markets. But grains get extra help from somewhat disappointing US crop data. Wheat leads gains
Benzinga  Jun 2  Comment 
July Chicago Wheat is trading at 504 1/2, up 11 cents. July Kansas City Wheat is trading at 525 1/4 up 11 cents. Wheat futures have extended Monday's gains into Tuesday's session. Trading is expected to be choppy. Market talk about weather and...
Benzinga  Jun 2  Comment 
Benzinga  May 27  Comment 
Wheat futures have traded active and rangebound Wednesday morning. July Chicago Wheat is trading at 491 1/2, down 1 3/4 cents. July Kansas City Wheat is trading at 517 3/4, down 6 3/4 cents. Prices have recovered a bit from early weakness...
Agrimoney.com  May 27  Comment 
Chicago wheat drops after crop ratings hold despite the Plains floods. Still, soy and cotton gain. And wheat futures are not falling in all markets...
Agrimoney.com  May 26  Comment 
A dollar surge makes commodity price headway tricky. Wheat suffers a particular setback, as funds overlook US rain fears to take out fresh short bets
Benzinga  May 26  Comment 
July Chicago Wheat is trading at 498, down 17 1/4 cents. July Kansas City Wheat is trading at 530, down 16 1/2 cents. Trading is a little weak and some general selling has been seen. Chatter about currency values and global supplies is...
Benzinga  May 26  Comment 
Benzinga  May 22  Comment 
Wheat Futures have moved lower on the session erasing some early gains. July Chicago Wheat is trading at 518, down 4 cents. July Kansas City Wheat is trading at 554 1/2, down 3 1/4 cents. Chatter about weather and currency values has kept...
Agrimoney.com  May 22  Comment 
It isn't just US downpours on wheat crop that are raising investor alarm, but fry weather in Canada and Russia too. Still, sellers rule in softs




 

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
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