QUOTE AND NEWS
Agrimoney.com  1 hr ago  Comment 
Hard red winter wheat futures close at their lowest since 2010. Still, not all wheat is out of favour. And many other ags exploit a dollar fall too
Agrimoney.com  Apr 15  Comment 
Forecasts for US rains do no favours for wheat bulls, but offer some help to corn prices in spurring ideas of sowings delays. Soy, sugar ease
Agrimoney.com  Apr 14  Comment 
Wheat futures fall despite data showing a further deterioration in US crop condition, as forecasts show rains for drought-hit areas
Agrimoney.com  Apr 13  Comment 
Wheat futures plunge 5%, hurt by better-than-expected US rains over the weekend, and forecasts for more. Corn is dragged lower too, but sugar gains
Agrimoney.com  Apr 13  Comment 
Wheat futures drop, undermined by rains in drought-hit US growing areas, and with forecasts for more to come. Cotton dips to. But oilseeds fare better
Agrimoney.com  Apr 10  Comment 
A firm dollar gets to many ags, with the likes of corn, coffee and cotton ending lower. But wheat futures rise as chances of US Plains rain decline
Benzinga  Apr 10  Comment 
Wheat futures have traded with a small range overnight. Trading is to be choppy. May Wheat is trading at 518 1/4, down 1/2 cent. July Chicago wheat is trading at 517. May Kansas City Wheat is trading at 550 3/4, down 3/4 of a cent. © 2015...
Benzinga  Apr 7  Comment 
Wheat futures are trading lower Tuesday and have extended Monday's losses. Trading is active and expected to be choppy. May Wheat is trading at 518 1/2, down 9 1/2 cents. July Chicago wheat is trading at 519 1/2, down 8 1/4 cents. May Kansas City...
Benzinga  Apr 7  Comment 
Benzinga  Apr 6  Comment 
Wheat futures are trading lower Monday and have extended their losses. Trading is active and weak. May Wheat is trading at 526 1/4, down 10 cents. July Chicago wheat is trading at 526 1/2, down 9 1/4 cents. May Kansas City Wheat is trading...
Benzinga  Apr 6  Comment 
Benzinga  Apr 2  Comment 
Chatter about weather in Europe and the Plains in the U.S. continues. Wheat futures are little changed Thursday morning. May Wheat is trading at 528 1/4. July Chicago wheat is trading at 528 1/2, down 1 cent. May Kansas City Wheat is trading 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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