QUOTE AND NEWS
Benzinga  Jan 18  Comment 
March Chicago Wheat is trading at 429 1/2, down 4 1/4 cents/bushel. May Chicago Wheat is trading at 444 1/4, down 4 cents/bushel. March Kansas City Wheat is trading at 449 1/2, down 2 1/2 cents/bushel. Wheat futures are trading rangebound at...
Benzinga  Jan 17  Comment 
March Chicago Wheat is trading at 426 1/2, up 1/2 of a cent/bushel. May Chicago Wheat is trading at 440 1/4, up 1/2 of a cent/bushel. March Kansas City Wheat is trading at 447, down 2 cents/bushel. Wheat futures are trading rangebound early...
Agrimoney.com  Jan 14  Comment 
US winter wheat faces the threat of ice storm damage too. Among softs, cocoa and coffee recoveries run out of steam ahead of the long weekend
Agrimoney.com  Jan 13  Comment 
Threat of ice storm damage to US winter wheat crop, while cocoa and coffee trim gains ahead of the long weekend
Benzinga  Jan 13  Comment 
March Soybeans are trading at 1048 1/2, up 8 1/4 cents/bushel. March Soymeal is trading at 334.3, up 6.4 $/ton. March Soybean Oil is trading at 35.69, down 0.38 cents/lb. March Chicago Wheat is trading at 423 3/4, down 2 3/4 cents/bushel....
Benzinga  Jan 13  Comment 
March Chicago Wheat is trading at 425 1/2, down 3/4 of a cent/bushel. May Chicago Wheat is trading at 438 3/4, down 1/2 of a cent/bushel. March Kansas City Wheat is trading at 446 3/4, up 2 cents/bushel. The USDA wheat crop report showed that...
Benzinga  Jan 12  Comment 
The USDA reported today that wheat export sales for the week ending January 5th totaled 391,000 tonnes. Sales were down 1 percent from the four week average. March Chicago Wheat is trading at 418 1/4, down 1/2 of a cent/bushel. May Chicago...
Benzinga  Jan 12  Comment 
March Chicago Wheat is trading at 416 1/4, down 2 1/2 cents/bushel. May Chicago Wheat is trading at 430, down 2 1/4 cents/bushel. March Kansas City Wheat is trading at 427 1/2, down 4 1/4 cents/bushel. Wheat futures are trading a little above...
Agrimoney.com  Jan 11  Comment 
Soybean futures ease on heavy global supply, while robusta coffee futures surge to multi-year highs
Benzinga  Jan 11  Comment 
March Chicago Wheat is trading at 419 3/4, down 7 cents/bushel. May Chicago Wheat is trading at 432 3/4, down 7 cents/bushel. March Kansas City Wheat is trading at 428 1/4, down 10 cents/bushel. Wheat futures are trading choppy and have...




 

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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