QUOTE AND NEWS
Agrimoney.com  8 hrs ago  Comment 
The weaker threat of grain export hiccups from a key producing region depresses grain prices. But other ags exploit dollar weakness and a risk-on mood
Benzinga  Feb 10  Comment 
Market chatter about less than expected rain in the near-term weather forecasts for the U.S. plains was seen as support on Monday. Weekly wheat export inspections were 397,661 tonnes versus estimates of 335,000 tonnes. Wheat futures are trading...
Benzinga  Feb 9  Comment 
Wheat futures are trading a bit lower Monday. March Chicago Wheat is trading at 523 3/4, down 3 1/4 cents. March Kansas City Wheat is trading at 559 1/2, down 2 1/4 cent. Trading has been on both sides of unchanged. Uncertainty over the dollar...
Benzinga  Feb 6  Comment 
U.S. Grain Futures ended Friday's back and forth session mixed. Corn futures and Chicago Wheat futures closed higher after trading on both sides of unchanged. Soybeans and Kansas City Wheat closed lower. March Chicago Wheat settled at 527, up 1...
Benzinga  Feb 6  Comment 
Benzinga  Feb 5  Comment 
Wheat futures are trading higher Thursday. March Chicago Wheat is trading at 523, up 11 3/4 cents. March Kansas City Wheat is trading at 562 1/2, up 9 3/4 cents. Trading has been mostly higher since trading near unchanged early this...
Agrimoney.com  Feb 3  Comment 
Wheat futures start firm, helped by the emergence of a series of tenders from importers. A rebound in crude prices boosts corn and soyoil futures
Benzinga  Feb 2  Comment 
Wheat Futures are trading is weak at mid-day Monday, near the lows of the trading session. March Chicago Wheat is trading at 494 1/4, down 6 1/2 cents. March Kansas City Wheat is trading at 533 3/4, down 6 1/2 cents. Chatter of diminished...
Agrimoney.com  Jan 30  Comment 
Early resilience in grain founders, as month-end selling kicks in. Chicago wheat ends the month down 15%. Still, soyoil and arabica coffee revive
Agrimoney.com  Jan 26  Comment 
The dollar declines, and euro strengthens, despite the Greek election result. That gives succour to some ags, although corn and soybean prices fall
Benzinga  Jan 26  Comment 
Benzinga  Jan 23  Comment 
March Chicago Wheat is trading at 530 1/2, down 3 1/4 cents. March Kansas City Wheat is trading at 562 3/4, down 2 cents. The U.S. dollar is at the highest level since September of 2003; German and French wheat exporters have an advantage at...




 

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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