QUOTE AND NEWS
Agrimoney.com  Jun 9  Comment 
... while costing corn futures early headway. US officials, in their Wasde report, upgrade Brazilian soy and Russian wheat harvest estimates
Agrimoney.com  May 15  Comment 
Cotton futures take above 11% their gains in three sessions, setting a fresh near-three-year top. But a lack of a short-closing imperative hurts wheat
Agrimoney.com  May 4  Comment 
OK, wheat futures don't make it back into positive territory, but end well off day lows as pics of poor crops circulate. Coffee and cattle prices soar
Agrimoney.com  May 3  Comment 
OK, wheat futures don't make it back into positive territory, but end well off day lows as pics of poor crops circulate. Coffee and cattle prices soar
Agrimoney.com  May 2  Comment 
Wheat futures extend their rally on worries of US crop losses potentially of 2.7m tonnes to snow, wind and rains. Hard wheat fares best. But corn lags
Agrimoney.com  Apr 28  Comment 
US Plains winter wheat face further tests from cold, while data show dryness-hit French crops deteriorating. But, with Nafta jitters live, corn eases
Agrimoney.com  Apr 26  Comment 
Corn and wheat futures start firm, amid growing weather worries which have raised doubts over hedge funds huge shorts in grains. But soybeans ease
Agrimoney.com  Apr 5  Comment 
Hard red winter wheat futures prove especially firm, amid ideas that their discount had gone too far - especially vs spring wheat. Soybeans revive too
Agrimoney.com  Apr 4  Comment 
... but with rains having taken crop condition off its lows, and more moisture on the way, wheat futures show only modest gains
The Times of India  Mar 24  Comment 
COMMODITIES-TECHNICALS/WHEAT:TECHNICALS-CBOT wheat still targets $4.17-3/4




 

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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