QUOTE AND NEWS
Benzinga  Nov 28  Comment 
December Chicago Wheat is trading at 391, down 4 3/4 cents/bushel. March Chicago Wheat is trading at 416 1/2, down 3 cents/bushel. March Kansas City Wheat is trading at 429, down 1/2 of a cent/bushel. Wheat futures are trading just above the...
Agrimoney.com  Nov 25  Comment 
Spring wheat contracts rise on expiry in Minneapolis, while feed wheat slumps in Chicago, painting a picture of quantity, but not quality
Benzinga  Nov 25  Comment 
December Chicago Wheat is trading at 400 3/4, down 3/4 of a cent/bushel. March Chicago Wheat is tradingat 424 1/4, up 1/2 of cent/bushel. December Kansas City Wheat is trading at 413 3/4, down 1 3/4 cents/bushel. Wheat futures are trading on...
Benzinga  Nov 23  Comment 
December Corn is trading at 348 3/4, down 2 1/4 cents/bushel. March Corn is trading at 356 1/4, down 2 3/4 cents/bushel. December Chicago Wheat is trading at 400 1/4, down 7 cents/bushel. March Chicago Wheat is trading at 420 3/4, down 6...
Benzinga  Nov 22  Comment 
December Chicago Wheat is trading at 409 1/4, down 1 cent/bushel. March Chicago Wheat is trading at 427, unchanged on the day. December Kansas City Wheat is trading at 414 1/4,down 1/4 of a cent/bushel. Wheat futures are trading steady to a...
Benzinga  Nov 21  Comment 
December Chicago Wheat is trading at 409 1/4, up 1 1/4 cents/bushel. March Chicago Wheat is trading at 426 1/4, up 1 cent/bushel. December Kansas City Wheat is trading at 416, up 2 1/2 cents/bushel. Wheat futures are trading steady to a...
Benzinga  Nov 18  Comment 
December Corn is trading at 346 1/2, up 4 1/2 cents/bushel. March Corn is trading at 354, up 4 1/4 cents/bushel. December Chicago Wheat is trading at 408 3/4, up 5 3/4 cents/bushel. March Chicago Wheat is trading at 426, up 6...
Agrimoney.com  Nov 17  Comment 
Analyst group Informa cut its ideas for US winter wheat sowings, while inflation fears spur cotton markets higher
Benzinga  Nov 17  Comment 
The USDA reported today that wheat export sales for the week ending November 10th totaled 598,400 tonnes. Sales were down 22 percent from the previous week and up 11 percent from the four week average December Chicago Wheat is trading at 398...
Benzinga  Nov 17  Comment 
December Chicago Wheat is trading at 400, up 3 cents/bushel. March Chicago Wheat is trading at 417 1/4, 3 cents/bushel. December Kansas City Wheat is trading at 405, up 1 1/2 cents/bushel. Wheat futures are trading a little higher 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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