QUOTE AND NEWS
Benzinga  8 hrs ago  Comment 
JC Parets is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Eagle Bay Capital Founder JC Parets said he liked wheat futures at the current levels. Parets suggested the Teucrium...
Benzinga  May 7  Comment 
Wheat futures are little changed Thursday morning after Wednesday's move higher. July Chicago Wheat is trading at 479, down 1/4 of a cents. July Kansas City Wheat is trading at 504, up 1/2 cent. Chatter about reduced production in Canada and...
Agrimoney.com  May 6  Comment 
Wheat futures recover from multi-month/year lows, helped by data from the likes of Canada, Europe and the US eroding a little ideas of huge supplies
Benzinga  May 6  Comment 
Wheat futures are trading higher Wednesday. July Chicago Wheat is trading at 475 1/2, up 8 1/2 cents. July Kansas City Wheat is trading at 499 1/5, up 9 1/4 cents. Chatter about a weaker dollar has been a little supportive. Market talk about...
Benzinga  May 6  Comment 
Agrimoney.com  May 5  Comment 
Wheat futures hit a fresh 5-year low, as results of an Egyptian tender back ideas of ready Russian supplies to go. But the likes of corn, sugar gain
Benzinga  May 5  Comment 
Wheat futures are trading lower Tuesday morning. July Chicago Wheat is trading at 468 1/4, down 4 1/2 cents. July Kansas City Wheat is trading at 493 1/4, down 5 cents. Trading is weak. On Monday, the USDA reported that weekly export inspections...
Benzinga  May 4  Comment 
July Chicago wheat is trading down 5 1/4 cents at 468 3/4. July Kansas City Wheat is trading at 495, down 5 1/2 cents. Trading is weak. Chatter about good growing weather and less demand for U.S. relative to other regions of the world has led to...
Agrimoney.com  May 1  Comment 
... although it is softs, such as coffee and sugar, which take the biggest whack. Corn and soybeans show lower losses, and some wheat futures rise
Agrimoney.com  Apr 30  Comment 
Wheat futures tumble after the biggest ever cancellation of US export sales orders. The EU gets some bad news late on too. Still, cotton prices gain
Benzinga  Apr 30  Comment 
July Chicago wheat is trading at 469 3/4, down 7 1/2 cents. July Kansas City Wheat is trading at 504 1/2, down 6 cents. Wheat futures have moved lower Thursday morning erasing early gains. Trading is choppy and weak with some general selling seen...




 

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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