QUOTE AND NEWS
Benzinga  Jul 29  Comment 
September Chicago Wheat is trading at 406 1/4, down 4 cents/bushel. December Chicago Wheat is trading at 433 1/4, down 4 cents/bushel. September Kansas City Wheat is trading at 405 1/2, down 3 1/2 cents/bushel. September Chicago Wheat...
Benzinga  Jul 28  Comment 
September Chicago Wheat is trading at 418 3/4, up 4 cents/bushel. December Chicago Wheat is trading at 445 1/4, up 3 3/4 cents/bushel. September Kansas City Wheat is trading at 416 1/2, up 4 cents/bushel. Wheat futures are trading just under...
Benzinga  Jul 27  Comment 
September Chicago Wheat is trading at 417 1/4, up 2 1/4 cents/bushel. December Chicago Wheat is trading at 444, up 2 cents/bushel. September Kansas City Wheat is trading at 413 3/4, up 1 3/4 cents/bushel. Wheat futures are trading a little...
Agrimoney.com  Jul 26  Comment 
Soybeans bounce back, while cotton futures surge after a cut to US crop ratings
Benzinga  Jul 26  Comment 
September Chicago Wheat is trading at 420 3/4, down 8 1/4 cents/bushel. December Chicago Wheat is trading at 448 1/4, down 8 cents/bushel. September Kansas City Wheat is trading at 417, down 6 1/4 cents/bushel. Wheat futures are choppy and a...
Agrimoney.com  Jul 26  Comment 
Wheat futures give back some gains made in the last session - but amid growing debate about whether price lows have been set. Soyoil helps soybeans
Benzinga  Jul 25  Comment 
The USDA reported today that Corn weekly export inspections as of July 21st totaled 1,306,373 tonnes. Wheat export inspections totaled 549,894 tonnes and Soybean export inspections were 700,715 tonnes. September Soybeans are trading at...
Benzinga  Jul 25  Comment 
September Chicago Wheat is trading at 432 1/4, up 7 cents/bushel. December Chicago Wheat is trading at 457 1/2, up 7 1/4 cents/bushel. September Kansas City Wheat is trading at 425, up 6 cents/bushel. Wheat futures are trading near the highs...
Agrimoney.com  Jul 25  Comment 
Wheat futures rise, as expectations for France's crop continue to wane. Corn gets a lift too, but soy, cotton feel the weight of speculator positions
Benzinga  Jul 22  Comment 
September Chicago Wheat is trading at 415 1/4, down 2 1/2 cents/bushel. December Chicago Wheat is trading at 439, down 2 1/4 cents/bushel. September Kansas City Wheat is trading at 407 1/4, down 1/4 of a cent/bushel. Wheat futures are...




 

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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