QUOTE AND NEWS
Agrimoney.com  Jul 3  Comment 
Soft wheat futures extend their recovery versus hard wheat, for both fundamental and technical reasons. But cotton misses out on a short-covering wave
Agrimoney.com  Jun 20  Comment 
Corn and wheat futures struggle to extend gains, as investors reconsider the dampness fears at the heart of this week's strength. Cotton reverses flow
Agrimoney.com  Jun 16  Comment 
Corn and wheat futures end in positive territory, but below early highs, as technical factors, besides some weather fears play out. Soyoil soars
Agrimoney.com  Jun 13  Comment 
Corn and wheat futures are in positive territory, but below early highs, as technical factors, besides some weather fears play out. Soyoil soars
Agrimoney.com  Jun 10  Comment 
Wheat futures drop to their lowest since February, as a Brazil crop upgrade trumps a Russia downgrade. Corns remains mired in China import fears
Agrimoney.com  Jun 4  Comment 
Wheat futures look to end their worst losing streak in 20 years, helped by a broadly more positive start for ags. But will fund selling resume?
Agrimoney.com  May 28  Comment 
Wheat futures show only modest losses and corn actually gains, reversing the recent trend. But is there hope for a real recovery? Sugar futures revive
Agrimoney.com  May 26  Comment 
Wheat futures drop in Paris, undermined by a decisive result to the Ukraine elections, besides US rains and some demand fears. Rapeseed falls too




 

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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