QUOTE AND NEWS
Agrimoney.com  May 24  Comment 
Soybean futures fall back, dragging corn down with them, while the sell-off in sugar continues
Agrimoney.com  Apr 22  Comment 
Wheat futures fall more than 5%, with corn and soybeans also sharply down, as the fund fuelled rally comes to an end
Benzinga  Apr 22  Comment 
July Chicago Wheat is trading at 473 1/4, down 30 1/4 cents/bushel. July Kansas City Wheat is trading at 471 1/4, down 28 4/4 cents/bushel. Soybean and Wheat futures have plunged Thursday, trading is brisk and some general selling is...
Agrimoney.com  Apr 15  Comment 
Hard wheat futures nudge higher, despite the prospect of much-needed US rains. Argentine worries support soybean prices. But cotton futures tumble
Agrimoney.com  Apr 15  Comment 
ANZ warns that in the absence of unfriendly weather in the north hemisphere, wheat futures could fall further in coming weeks
Agrimoney.com  Apr 14  Comment 
The rally in the soy complex runs out of road, while sugar futures find a floor at last
Agrimoney.com  Apr 11  Comment 
Wheat futures tumble as forecasters reach agreement on wetter plains, soybeans hit 8-month high as technical buoy the soy complex
Agrimoney.com  Mar 22  Comment 
Soybeans extend gains, breaking the 200-day moving average, while wheat futures edge up, as markets mull potential frost damage in the US Plains
Yahoo  Mar 22  Comment 
U.S. Commodity Futures Trading Commission has ordered Credit Suisse International to pay $665,000 in penalties to settle charges that it violated over the speculative position limit for wheat futures, ...
Mondo Visione  Mar 22  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges that Credit Suisse International (CSI) of London, U.K., exceeded the CFTC all-months speculative position limit for the Chicago Board of...




 

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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