QUOTE AND NEWS
Benzinga  Mar 20  Comment 
Wheat futures are trading a little higher Friday morning. May Chicago wheat is trading at 515, up 3 cents. July Chicago wheat is trading at 518 1/2, up 2 3/4 cents. May Kansas City Wheat is trading at 554 3/4, up 4 1/2 cents. Market talk about...
Agrimoney.com  Mar 20  Comment 
... but corn and soybeans make a lacklustre start, and palm oil drops as Malaysian palm exports dip. Cotton eases despite Cotlook stocks downgrades
Benzinga  Mar 19  Comment 
Market talk about weather and weather outlooks is constant. A lot of chatter about currency values continue. USDA weekly wheat export sales estimated to be 500,000 tons. May Chicago wheat is trading at 511 3/4, up 1 cents. July Chicago wheat is...
Benzinga  Mar 18  Comment 
Wheat futures are trading little lower Wednesday. Market talk about weather outlooks and record global supplies continues. May Chicago wheat is trading at 502, down 1 1/2 cents. July Chicago wheat is trading at 505 1/4, down 1 1/2 cents. May...
Benzinga  Mar 18  Comment 
Benzinga  Mar 17  Comment 
Wheat futures are trading lower Tuesday erasing overnight gains. May Chicago wheat is trading at 510 1/4, down 3 3/4 cents. July Chicago wheat is trading at 513 1/2, down 3 cents. May Kansas City Wheat is trading at 548, down 7 cents. Some...
Benzinga  Mar 17  Comment 
Agrimoney.com  Mar 16  Comment 
Arabica coffee futures soar, helped by talk of Vietnamese dryness and fungal damage to Mexico's crop. Weather concerns boost wheat futures again too
Benzinga  Mar 16  Comment 
Wheat futures are trading higher Monday. There is a lot of talk about weather in the U.S. and the Black Sea region. May Chicago wheat is trading at 505, up 3 cents. July Chicago wheat is trading at 507 1/2, up 4 1/4 cents. May Kansas City Wheat...
Benzinga  Mar 16  Comment 
Benzinga  Mar 13  Comment 
Talk of weather continues to support prices; no rain in the short-term forecast has brought in buyers. Weekly export sales were better than expected and chatter about demand from china has been supportive. USDA weekly wheat export sales were...
Benzinga  Mar 12  Comment 
Wheat futures are trading higher Thursday morning. May Chicago Wheat is trading at 502 1/2, up 3 1/2 cents. July Chicago wheat is trading at 504 1/2, up 2 3/4 cents. May Kansas City Wheat is trading at 542 3/4, up 2 cents. Market talk about...
Benzinga  Mar 11  Comment 
The USDA estimated U.S. wheat ending stocks for the 2014/2015 season 691 million bushels. Seed use was higher by 1 million bushels. World wheat ending stocks were 197.71 million tons. Market chatter about weather and global currency moves...




 

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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