QUOTE AND NEWS
Benzinga  Feb 26  Comment 
U.S. Wheat Futures have regained early losses and moved higher on the day. May Chicago Wheat is trading at 498, up 3/4. July Chicago wheat is trading at 501. Kansas City Wheat is trading lower at 538 1/4, down 2 cents. Trading has been choppy and...
Benzinga  Feb 26  Comment 
USDA weekly wheat export sales are due out Thursday morning. Estimates are for 300,000 tons of wheat. Market talk about better weather for crops in the U.S. and Europe along with increased competition from other global exporters continues to bring...
Agrimoney.com  Feb 20  Comment 
Wheat futures retreat in Chicago, pressed by poor US export data and a forecast of rising inventories next season. Corn, soy drop too, but less so
Agrimoney.com  Feb 18  Comment 
Egypt's Gasc authority walks away from a tender for US-only wheat, after receiving offers at prices well above those it has been paying in Europe
Agrimoney.com  Feb 18  Comment 
Wheat futures open strong in Chicago, helped by the likelihood that Egypt will use a $100m credit line to buy US supplies. The rally in soymeal slows
Benzinga  Feb 13  Comment 
Market chatter about weather is non-stop. Buyers of wheat are looking for cold weather to inflict damage to the crop in the plains. Wheat futures are higher Friday. March Chicago wheat is trading at 530 up 8 cents. March Kansas City wheat...
Benzinga  Feb 13  Comment 
Market chatter that weather is less of a concern kept sellers active on Thursday. USDA reported weekly export sales at 418,800 tonnes versus estimates of 400,000 tonnes. Wheat futures are little changed Friday. March Chicago wheat is trading...
Agrimoney.com  Feb 12  Comment 
The weaker threat of grain export hiccups from a key producing region depresses grain prices. But other ags exploit dollar weakness and a risk-on mood
Benzinga  Feb 10  Comment 
Market chatter about less than expected rain in the near-term weather forecasts for the U.S. plains was seen as support on Monday. Weekly wheat export inspections were 397,661 tonnes versus estimates of 335,000 tonnes. Wheat futures are trading...
Benzinga  Feb 9  Comment 
Wheat futures are trading a bit lower Monday. March Chicago Wheat is trading at 523 3/4, down 3 1/4 cents. March Kansas City Wheat is trading at 559 1/2, down 2 1/4 cent. Trading has been on both sides of unchanged. Uncertainty over the dollar...




 

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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