QUOTE AND NEWS
Mondo Visione  8 hrs ago  Comment 
The Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Anuj C. Singhal , a Dallas, Texas resident and registered floor broker, for engaging in the disruptive trading practice of “spoofing”...
Agrimoney.com  Apr 4  Comment 
CBOT corn, soy and wheat futures all closed higher on Tuesday, supported by weather concerns and ongoing uncertainty over China’s reaction to the imposition of US trade tariffs.
Agrimoney.com  Mar 28  Comment 
Direction is broadly a touch downwards, although wheat futures underperform. Are speculators rediscovering their love of short bets in the grain?
Agrimoney.com  Mar 26  Comment 
Hard red winter wheat shows particular weakness. Corn is weighed by fund data, while soybeans fall despite reduced fears of China-US trade tensions
MarketWatch  Feb 8  Comment 
Wheat futures fell Thursday after settling a day earlier at their highest since August. Prices declined "in reaction to historically high global wheat stocks," said Sal Gilbertie, president and chief investment officer at Teucrium Trading LLC. In...
Agrimoney.com  Oct 25  Comment 
Wheat futures in Chicago may be showing a positive price pattern. But can the US really afford wheat value gains and hope to maintain exports?
Agrimoney.com  Oct 20  Comment 
Corn and wheat futures set contract closing lows, helping ag values as a whole approach their lowest on record
Agrimoney.com  Oct 19  Comment 
Wheat extends its losing streak. Will data later on Egyptian purchases and US exports change that? Corn fares a little better, but stays rangebound
Agrimoney.com  Oct 18  Comment 
Wheat futures prove among the biggest ag movers, downwards, hurt by improved US sowing hopes. Soybean futures prove more resilient, and coffee gains




 

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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