QUOTE AND NEWS
Clusterstock  Jun 27  Comment 
(Reuters) - A federal judge in Chicago on Monday rejected Kraft Heinz Co's and Mondelez International Inc's effort to dismiss a lawsuit in which wheat futures and options traders accused them of illegally manipulating the grain's price. U.S....
Agrimoney.com  Jun 24  Comment 
Weakness in sterling sends London wheat futures higher, but a stronger dollar depresses Chicago values. US hard wheat hits a 10-year low
Mondo Visione  Jun 20  Comment 
CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of physically delivered European Union (EU) Wheat futures and options on futures contracts to begin trading on 12 September 2016, pending all...
Agrimoney.com  Jun 13  Comment 
Wheat futures rise in the US and Europe, hitting a five-month high in London, helped by a firm corn market, but also by fresh weather worries
Agrimoney.com  Jun 3  Comment 
The inundations lifting the River Seine to its highest in 34 years in Paris are heightening fears over disease risks for French wheat
Agrimoney.com  Jun 3  Comment 
Unwanted wet weather is increasing disease risks for the French wheat crop, sending futures to five-month highs
Agrimoney.com  Jun 2  Comment 
... at least, for early-2017 contracts. Short-term prices look overegged, and in corn too, the bank says
Agrimoney.com  Jun 1  Comment 
Wheat futures rise on ideas the previous session's sell-off was overdone, while sugar markets shrug off the latest Unica data
Agrimoney.com  Jun 1  Comment 
... although soft red winter wheat lags, after an uptick in crop ratings. Corn, cotton and soybean futures drop. But will fund buying kick in later?
Agrimoney.com  May 31  Comment 
Corn and soybeans fall back on end-of-month profit taking, while sugar futures edge off 23-month high




 

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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