QUOTE AND NEWS
The Times of India  Mar 24  Comment 
COMMODITIES-TECHNICALS/WHEAT:TECHNICALS-CBOT wheat still targets $4.17-3/4
The Times of India  Mar 23  Comment 
USA-WHEAT/CBOT:CBOT wheat closes lower on big supply, Plains rain
The Times of India  Mar 23  Comment 
COMMODITIES-TECHNICALS/WHEAT:TECHNICALS-CBOT wheat to drop to $4.17-3/4
Agrimoney.com  Mar 22  Comment 
... staying near contract highs, spurring incentives for imports. Still, that is not enough to prevent fresh wheat price slides elsewhere. Palm gains
Benzinga  Mar 15  Comment 
May Chicago Wheat is trading at 436 1/4, up 5 3/4 cents/bushel. May Kansas City Wheat is trading at 449 1/4, up 6 3/4 cents/bushel. Wheat futures are trading at the session highs. Market about chatter about U.S. weather and the global...
Benzinga  Mar 14  Comment 
May Chicago Wheat is trading at 430, down 1/2 of a cent/bushel. May Kansas City Wheat is trading at 442 1/2 , down 1/4 of a cent/bushel. Wheat futures are trading rangebound after Monday's choppy and soft trading session. Market about...
Agrimoney.com  Mar 14  Comment 
Wheat futures find their feet, after data shows some deterioration in seedlings in the US Plains. Cotton nudges higher, amid China quality worries
Benzinga  Mar 13  Comment 
The USDA reported today that wheat export inspections for the week ending March 9th totaled 519,127 tonnes. May Chicago Wheat is trading at 431 1/2, down 9 cents/bushel. May Kansas City Wheat is trading at 445 3/4, down 9 3/4 cents/bushel....
Benzinga  Mar 10  Comment 
The USDA World Agricultural Supply and Demand Estimates Report (WASD) was released yesterday. The USDA supply and demand report showed ending U.S. wheat stocks of 1.129 billion bushels versus 1.139 billion bushel last month. Global wheat...
Benzinga  Mar 10  Comment 
May Chicago Wheat is trading at 442 1/4, down 1 1/4 cents/bushel. May Kansas City Wheat is trading at 462 1/4 , down 1/4 of a cent/bushel. Wheat futures are trading rangebound. The USDA reported on Thursday that wheat export sales as of...




 

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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