QUOTE AND NEWS
Agrimoney.com  Sep 1  Comment 
An Egyptian tender underlines the low cost of Black Sea wheat. But soybean prices get a boost from rallying oil markets
Benzinga  Aug 26  Comment 
Wheat futures traded choppy on Wednesday and ended the session mixed. Chicago Wheat settled lower and Kansas City Wheat futures were little changed. September Chicago Wheat settled at 489 3/4, down 5 1/4 cents, and December Chicago Wheat...
Benzinga  Aug 5  Comment 
Wheat futures traded choppy on Wednesday before ending the trading day higher. September Chicago Wheat was trading at 502 1/4, up 8 3/4 5 cents and December Chicago Wheat was trading at 507 1/4, up 7 cents. September Kansas City Wheat was trading...
Benzinga  Aug 5  Comment 
Benzinga  Aug 4  Comment 
Wheat futures traded choppy on Tuesday and ended the session lower. September Chicago Wheat was trading at 494, down 5 cents and December Chicago Wheat was trading at 500, down 5 cents. September Kansas City Wheat was trading at 485, down 4 cents...
Benzinga  Aug 4  Comment 
Benzinga  Aug 3  Comment 
Chicago Wheat futures traded choppy on Monday and ended the session little changed. Kansas City wheat settled lower on the day. September Chicago Wheat settled at 499, down 1/4 of a cent and December Chicago Wheat settled at 505, up 1/4 of a cent....
Benzinga  Aug 3  Comment 
Wheat futures are trading lower Monday. September Chicago Wheat is trading at 491 1/4, down 8 cents and December Chicago Wheat is trading at 497 1/4, down 7 1/2 cents. September Kansas City Wheat is trading at 483 1/2, down 8 3/4 cents and...
Benzinga  Jul 31  Comment 
Wheat futures traded choppy on Friday and ended the session a little higher. September Chicago Wheat settled at 499 1/4, up 2 3/4 cents and December Chicago Wheat settled at 504 3/4, up 1/2 of a cent. September Kansas City Wheat settled at 492...
Benzinga  Jul 31  Comment 
Benzinga  Jul 30  Comment 
Wheat futures traded choppy on Thursday and ended the session with little change for Chicago Wheat and lower for Kansas City Wheat. September Chicago Wheat was trading at 497 1/4, up 1 cent and December Chicago Wheat was trading at 504 1/2, down...
Benzinga  Jul 30  Comment 
Benzinga  Jul 30  Comment 
Benzinga  Jul 30  Comment 
Benzinga  Jul 29  Comment 
Wheat futures traded sharply lower on Wednesday and ended the day near the lows. September Chicago Wheat settled at 496 1/4, down 14 1/2 cents and December Chicago Wheat settled at 505 1/4, down 15 cents. September Kansas City Wheat settled at 495...
Benzinga  Jul 29  Comment 
Benzinga  Jul 29  Comment 
Benzinga  Jul 28  Comment 
Wheat futures ended Tuesday's choppy trading session firm. Trading was rangebound and mostly steady during the session and the highs of the day were set during the close of trading. September Chicago Wheat was trading at 512 1/4, up 9 3/4 cents...
Benzinga  Jul 28  Comment 




 

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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