QUOTE AND NEWS
Commodity Online  Mar 27  Comment 
With demand virtually non-existent, it is supply-side dynamics that is impacting price moves. Geo-political issues such as Ukraine-Russia crisis could emerge any time but Canada's record wheat harvest could push prices to $6 per bushel
Agrimoney.com  Mar 19  Comment 
How much is down to weather woes, and how much to Ukraine, is not clear. But wheat jumps anyway, to a 10-month high. Soy gains too. But coffee tumbles
Agrimoney.com  Mar 13  Comment 
Chicago wheat for March touches $7 a bushel only for selling to kick in, weighing on corn too. But soybeans overcome China headwinds. Cocoa gains too
Agrimoney.com  Mar 3  Comment 
Grain prices have rallied strongly this morning, led by a 5.5% gain in Chicago wheat as tensions between Ukraine, Russia and the west have
Agrimoney.com  Feb 26  Comment 
Paris wheat futures rise, contrasting with a fall in Chicago, and supporting an elevated premium. But this may not last for long...
Agrimoney.com  Feb 14  Comment 
Chicago wheat futures jump above $6 a bushel, lifted by technical factors and US dryness fears. Soy gains too. Can canola close its record discount?
Agrimoney.com  Feb 4  Comment 
Wheat futures find their longest rally since November hard to extend, amid jitters over key data later. But arabica coffee continues its rebound




 

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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