QUOTE AND NEWS
Benzinga  10 hrs ago  Comment 
December Chicago Wheat is trading at 403 1/2, down 1/2 of a cent/bushel. March Chicago Wheat is trading at 425 1/4, down 3/4 cent/bushel. December Kansas City Wheat is trading at 418 1/2, down 3/4 of a cent/bushel. Wheat futures are trading...
Benzinga  Sep 27  Comment 
December Chicago Wheat is trading at 397 1/2, up 1 1/2 cents/bushel. March Chicago Wheat is trading at 420 3/4, up 1 cent/bushel. December Kansas City Wheat is trading at 414 1/2, up 1/2 of a cent/bushel. Wheat futures are trading steady to...
Benzinga  Sep 26  Comment 
December Chicago Wheat is trading at 404, down 3/4 of a cent/bushel. March Chicago Wheat is trading at 427 1/4, down 3/4 of a cent/bushel. December Kansas City Wheat is trading at 420, down 1 1/2 cents/bushel. Wheat futures are trading...
Benzinga  Sep 23  Comment 
December Chicago Wheat is trading at 402 3/4, down 2 3/4 cents/bushel. March Chicago Wheat is trading at 425 1/2, down 2 3/4 cents/bushel. December Kansas City Wheat is trading at 417 1/2, down 3 1/4 cents/bushel. Wheat futures are trading a...
Benzinga  Sep 22  Comment 
December Chicago Wheat is trading at 407 1/2, down 1/4 of cent/bushel. March Chicago Wheat is trading at 429, down 1/4 of a cent/bushel. December Kansas City Wheat is trading at 419 3/4, down 2 1/2 cents/bushel. Wheat futures are trading...
Benzinga  Sep 21  Comment 
December Chicago Wheat is trading at 403 1/2, down 2 1/2 cents/bushel. March Chicago Wheat is trading at 424 1/4, down 2 1/2 cents/bushel. December Kansas City Wheat is trading at 415, down 3 cents/bushel. Wheat futures are trading a little...
Benzinga  Sep 20  Comment 
December Chicago Wheat is trading at 405 1/2, up 1 1/2 cents/bushel. March Chicago Wheat is trading at 426 1/4, up 1 1/2 cents/bushel. December Kansas City Wheat is trading at 416 3/4, up 1/4 of a cent/bushel. Wheat futures are trading...
Benzinga  Sep 19  Comment 
The USDA reported today that Corn weekly export inspections as of September 15th totaled 1,285,034 tonnes. Wheat export inspections totaled 562,215 tonnes and Soybean export inspections were 755,120 tonnes. November Soybeans are trading at 971...
Benzinga  Sep 19  Comment 
December Chicago Wheat is trading at 405, up 1 3/4 cents/bushel. March Chicago Wheat is trading at 426 1/4, up 1 1/4 cents/bushel. December Kansas City Wheat is trading at 418, up 3/4 of a cent/bushel. Wheat futures are trading a little...
Agrimoney.com  Sep 16  Comment 
Hard winter wheat futures take their premium to a five-month high, after the USDA fuels concerns over the quality of the world's huge harvest




 

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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