QUOTE AND NEWS
Benzinga  Jun 30  Comment 
Wheat futures are trading higher on Tuesday. September Chicago Wheat is trading at 593 1/4, up 9 3/4 cents and December Chicago Wheat is trading at 600, up 9 1/4 cents. September Kansas City Wheat is trading at 590 1/2, up 9 cents and December...
Benzinga  Jun 30  Comment 
Agrimoney.com  Jun 29  Comment 
Wheat leads the ags complex higher, thanks to wet weather in the US and drynesss in Europe. Robusta coffee falls below its 200-day moving average
Benzinga  Jun 29  Comment 
Wheat futures extended Friday's gains into Monday's choppy traded session and settled firm ahead of the USDA Acreage and Stocks Report on Tuesday. September Chicago Wheat settled at 583 1/2, up 15 1/2 cents and December Chicago Wheat settled at...
Benzinga  Jun 29  Comment 
Agrimoney.com  Jun 29  Comment 
Soft red winter wheat futures for July may, despite being of lower specification than hard wheat, achieve an unusual close at a higher price
Agrimoney.com  Jun 26  Comment 
Wheat futures jump 6% in Chicago, and post large gains elsewhere too, as bearish investors capitulate. Corn, cotton get pulled higher. But not coffee
Wall Street Journal  Jun 26  Comment 
Wheat futures soared nearly 6% Friday, extending a sudden bounce as pounding rains drenched crops across the eastern Midwest at harvest time.
Financial Times  Jun 26  Comment 
Corn and soyabeans on the rise as bearish bets are reversed
Benzinga  Jun 26  Comment 
Wheat futures are trading up over 3.5 percent Friday morning. September Chicago Wheat is trading at 558 1/4, up 20 1/2 cents and December Chicago Wheat is trading at 567, up 18 1/2 cents. September Kansas City Wheat is trading at 560, up 16 1/2...
Benzinga  Jun 24  Comment 
Wheat futures are trading a little lower Wednesday morning after Tuesday's move higher. July Chicago Wheat is trading at 515 3/4, down 5 3/4 cents. September Chicago Wheat is trading at 521 1/4, down 5 1/2 cents and December Chicago Wheat is...
Benzinga  Jun 23  Comment 
Wheat futures surged higher during the last few minutes of trading on Tuesday and settled near the highs of the day. July Chicago Wheat settled at 521 1/2, up 21 1/4 cents. September Chicago Wheat settled at 527, up 21 cents. December Chicago...




 

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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