QUOTE AND NEWS
Benzinga  5 hrs ago  Comment 
December Chicago Wheat is trading at 403 1/2, up 1/2 of a cent/bushel. March Chicago Wheat is trading at 425 1/4, up 3/4 of a cent/bushel. December Kansas City Wheat is trading at 418 1/4, unchanged on the day. Wheat futures are trading...
Benzinga  Sep 14  Comment 
December Chicago Wheat is trading at 403 1/2, up 2 1/2 cents/bushel. March Chicago Wheat is trading at 424 3/4, up 3 cents/bushel. December Kansas City Wheat is trading at 417 3/4, up 2 cents/bushel. Wheat futures are trading near the highs...
Benzinga  Sep 14  Comment 
December Chicago Wheat is trading at 400 3/4, down 1/4 of a cent/bushel. March Chicago Wheat is trading at 421 3/4, unchanged on the day. December Kansas City Wheat is trading at 415 1/4, down 1/2 of a cent/bushel. The US Department of...
Agrimoney.com  Sep 13  Comment 
The Wasde supports wheat and weighs on soybeans and cotton, while sugar rallies on trim to hedge fund long positions
Benzinga  Sep 13  Comment 
December Chicago Wheat is trading at 407 1/4, down 2 cents/bushel. March Chicago Wheat is trading at 428, down 2 cents/bushel. December Kansas City Wheat is trading at 422 1/4, down 1 1/2 cents/bushel. Wheat futures are trading a little lower...
Benzinga  Sep 12  Comment 
December Chicago Wheat is trading at 401 1/2, down 2 cents/bushel. March Chicago Wheat is trading at 423, down 1 3/4 cents/bushel. December Kansas City Wheat is trading at 415 3/4, down 2 3/4 cents/bushel. Wheat futures are trading a little...
Benzinga  Sep 9  Comment 
The USDA reported today that Soybean weekly export sales for the current marketing year for the period ending September 1st totaled 1,776,800 tonnes. Corn weekly export sales for the current year beginning September 1st totaled 1,093,300 tonnes....
Benzinga  Sep 9  Comment 
December Chicago Wheat is trading at 404, down 2 cents/bushel. March Chicago Wheat is trading at 425, down 2 1/4 cents/bushel. December Kansas City Wheat is trading at 417, down 1 cent/bushel. The USDA World Agricultural Supply and Demand...
Agrimoney.com  Sep 9  Comment 
Corn, wheat futures retreat, while soy stalls, as investors book profits, and look ahead to Monday's key report. But what about US export data later?
Benzinga  Sep 8  Comment 
December Chicago Wheat is trading at 403, up 1/4 of a cent/bushel. March Chicago Wheat is trading at 422 3/4, up 1/2 of a cent/bushel. December Kansas City Wheat is trading at 412, up 1 cent/bushel. Wheat futures are trading steady early...




 

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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