QUOTE AND NEWS
Benzinga  Aug 17  Comment 
September Chicago Wheat is trading at 422 1/2, down 1 cent/bushel. December Chicago Wheat is trading at 439, down 1/2 of a cent/bushel. September Kansas City Wheat is trading at 411, down 1/4 of cent/bushel. Wheat futures are trading steady...
Benzinga  Aug 16  Comment 
September Corn is trading at 327 3/4, up 1 1/4 cents/bushel. December Corn is trading at 337 1/4, up 1/4 of a cent/bushel. September Chicago Wheat is trading at 422 1/2, up 1/2 cent/bushel. December Chicago Wheat is trading at 438 1/2,...
Benzinga  Aug 15  Comment 
September Chicago Wheat is trading at 425 1/2, up 3 cents/bushel. December Chicago Wheat is trading at 442 3/4, up 2 3/4 cents/bushel. September Kansas City Wheat is trading at 416 1/2, up 1/4 of a cent/bushel. Wheat futures are trading...
Benzinga  Aug 12  Comment 
September Chicago Wheat is trading at 416, down 1/4 cents/bushel. December Chicago Wheat is trading at 435 3/4, down 1 1/4 cents/bushel. September Kansas City Wheat is trading at 412 3/4, up 1/2 of a cent/bushel. Wheat futures are trading...
Benzinga  Aug 11  Comment 
The USDA World Agricultural Supply and Demand Estimates Report (WASDE) is due out Friday at 12:00 p.m. ET. The street estimate for all U.S. wheat production is near 2.269 billion bushels versus 2.261 billion on the agency's July report. Trading...
Benzinga  Aug 11  Comment 
September Chicago Wheat is trading at 419 1/4, down 2 1/2 cents/bushel. December Chicago Wheat is trading at 440, down 1 1/2 cents/bushel. September Kansas City Wheat is trading at 411, down 3/4 of a cent/bushel. Wheat futures are trading a...
Benzinga  Aug 10  Comment 
September Corn is trading at 324 1/2 , up 2 1/4 cents/bushel. December Corn is trading at 335, up 2 1/2 cents/bushel. September Chicago Wheat is trading at 424 3/4, up 7 3/4 cents/bushel. December Chicago Wheat is trading at 443 1/2, up 6...
Benzinga  Aug 9  Comment 
September Chicago Wheat is trading at 413 1/2, down 3 1/2 cents/bushel. December Chicago Wheat is trading at 436 1/2, down 2 1/4 cents/bushel. September Kansas City Wheat is trading at 408 3/4, down 1 cent/bushel. Wheat futures are trading...
Agrimoney.com  Aug 8  Comment 
With prices low, and speculators massively short, a sniff of export demand spurs buying in US wheat markets
Benzinga  Aug 8  Comment 
September Chicago Wheat is trading at 421 3/4, up 5 3/4 cents/bushel. December Chicago Wheat is trading at 441 1/2, up 3 1/2 cents/bushel. September Kansas City Wheat is trading at 414, up 2 1/4 cents/bushel. Wheat futures are trading higher...




 

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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