QUOTE AND NEWS
Benzinga  30 min ago  Comment 
Wheat Futures are trading a little lower Tuesday morning after Monday's move higher. July Chicago Wheat is trading at 512 3/4, down 9 cents. July Kansas City Wheat is trading at 547 1/2, down 7 1/2 cents. Market talk about too much rain in the...
Agrimoney.com  3 hrs ago  Comment 
Wheat futures fall back as the dollar revives, and stats show improvement in US crop condition. Corn and soy struggle too. But cotton proves resilient
Benzinga  May 18  Comment 
Wheat Futures have moved higher during choppy trading on Monday. July Chicago Wheat is trading at 527 1/2, up 16 1/2 cents. July Kansas City Wheat is trading at 561 3/4, up 20 cents. Market chatter about global weather and U.S. crop conditions...
Benzinga  May 18  Comment 
Agrimoney.com  May 18  Comment 
Grains and oilseeds show early headway, helped by ideas that dollar softness and El Nino have changed market dynamics. Wheat shows particular buoyancy
Benzinga  May 15  Comment 
July Chicago Wheat is trading a little lower after Thursday's sharp move higher. July Chicago Wheat is trading at 511 3/4, down 3 cents. July Kansas City Wheat is trading at 543 3/4, up 1/2 of a cent. Market chatter about U.S. weather continues....
Agrimoney.com  May 14  Comment 
Traders have long warned that fund positioning had left wheat markets vulnerable to a spike in prices. On Thursday, the rally arrived. Corn gained too
Agrimoney.com  May 13  Comment 
The first USDA world crop forecasts for 2015-16 are termed broadly bearish. But cotton, soy, wheat futures rise anyway. Is bearish news factored in?
Benzinga  May 12  Comment 
Wheat futures are trading a little higher with choppy trading occurring on both sides of unchanged after the USDA report was released. July Chicago Wheat is trading at 485, up 4 cents. July Kansas City Wheat is trading at 512 1/2, up 3 3/4 cents....
Benzinga  May 11  Comment 
Wheat futures are trading nearly unchanged Monday morning. July Chicago Wheat is trading at 482 1/2, up 1 cent. July Kansas City Wheat is trading at 509 3/4, up 3/4 of a cent. Chatter about weather and production across all of Europe and the...
Benzinga  May 7  Comment 
JC Parets is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Eagle Bay Capital Founder JC Parets said he liked wheat futures at the current levels. Parets suggested the Teucrium...




 

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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