QUOTE AND NEWS
Benzinga  5 hrs ago  Comment 
March Chicago Wheat is trading at 404 3/4, down 2 cents/bushel. May Chicago Wheat is trading at 417 1/4, down 2 cents/bushel. March Kansas City Wheat is trading at 404 1/2 , down 1/2 of a cent/bushel. Wheat futures are trading ja little lower....
Benzinga  Dec 6  Comment 
March Chicago Wheat is trading at 408 1/2, up 1/4 of a cents/bushel. May Chicago Wheat is trading at 420 1/4, unchanged on the day. March Kansas City Wheat is trading at 410 1/2 , up 2 cents/bushel. Wheat futures are trading rangebound. Market...
Benzinga  Dec 5  Comment 
The USDA reported today that wheat export inspections for the week ending December 1st totaled 453,653 tonnes. March Chicago Wheat is trading at 407 1/2, up 3 1/4 cents/bushel. May Chicago Wheat is trading at 419, up 2 cents/bushel. March...
Benzinga  Dec 5  Comment 
March Chicago Wheat is trading at 406 1/4, up 2 cents/bushel. May Chicago Wheat is trading at 418 1/2, up 1 1/2 cents/bushel. March Kansas City Wheat is trading at 409 1/2 , up 3/4 of a cent/bushel. Wheat futures are trading rangebound. Market...
Agrimoney.com  Dec 5  Comment 
Wheat futures get help from some revived fears over US weather. Corn and cotton gain too. Still, oilseeds are top performers. Palm hits a 4-year high
Benzinga  Dec 2  Comment 
March Chicago Wheat is trading at 399 1/2, up 4 cents/bushel. May Chicago Wheat is trading at 413, up 4 1/4 cents/bushel. March Kansas City Wheat is trading at 407 3/4, up 4 3/4 cents/bushel. Wheat futures are trading higher after Thursday's...
Benzinga  Dec 1  Comment 
The USDA reported today that wheat export sales for the week ending November 24th totaled 483,500 tonnes. Sales were down 32 percent from the previous week and down 16 percent from the four week average. There were 7,000 tonnes sold for 2017 to...
Benzinga  Dec 1  Comment 
March Chicago Wheat is trading at 403 1/4, up 1/2 of a cent/bushel. May Chicago Wheat is trading at 417 1/4, up 1 3/4 cents/bushel. March Kansas City Wheat is trading at 411, up 3/4 of a cent/bushel. Wheat futures are trading rangebound after...
Benzinga  Nov 30  Comment 
March Chicago Wheat is trading at 413 1/2, up 4 3/4 cents/bushel. March Kansas City Wheat is trading at 421 1/2, up 3 1/4 cents/bushel. Wheat futures are trading just under the session highs. Market chatter about global wheat supplies and...
Benzinga  Nov 29  Comment 
December Corn is trading at 344, down 4 1/2 cents/bushel. March Corn is trading at 354, down 4 1/4 cents/bushel. December Chicago Wheat is trading at 387 3/4, down 1 3/4 cents/bushel. March Chicago Wheat is trading at 415, down 1 /2...




 

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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