QUOTE AND NEWS
Benzinga  Jan 14  Comment 
March Chicago Wheat is trading at 538, down 10 cents. March Kansas City Wheat is trading lower at 574, down 7 3/4 cents. The general tone of the overall strong Dollar and better weather has kept pressure on Wheat prices lately. Market talk is...
Benzinga  Jan 14  Comment 
Benzinga  Jan 13  Comment 
Wheat Futures are trading mixed mid-day Tuesday. March Chicago Wheat is trading at 557, up 1 3/4 cents. March Kansas City Wheat is trading a bit lower at 589 1/2, down 1 cent. Trading has been choppy and early gains were lost as weakness in Corn...
Benzinga  Jan 13  Comment 
March Chicago Wheat is trading higher Tuesday morning at 563 1/4, up 7 3/4 cents. March Kansas City Wheat is trading at 596 3/4, up 6 1/4 cents. Monday's weekly export inspections for wheat were 238,153 tonnes versus street expectations for...
Benzinga  Jan 12  Comment 
Wheat Futures are a bit higher early Monday. Market talk about the poor demand outlook for U.S. Wheat and general selling took Wheat futures prices on Friday down to the lowest price level since late November. March Chicago Wheat is trading at 565...
Benzinga  Jan 9  Comment 
Wheat has firmed from the lows of the session and has moved slightly higher. March Chicago Wheat is trading at 571, up 4 cents. March Kansas City Wheat is up 1 1/4 cents at 609. © 2015 Benzinga.com. Benzinga does not provide investment advice....
Benzinga  Jan 9  Comment 
Market talk about the poor demand outlook for U.S. wheat and general selling took prices down to the lowest price level since late November. Egypt bought Wheat from France and chatter is that other countries like Argentina and some in Eastern...
Benzinga  Jan 8  Comment 
March Chicago Wheat closed Thursday's weak trading session 12 cents at 567 1/2 and March Kansas City Wheat was down 12 cents at 608. U.S. Wheat demand as gauged by the weekly export sales data was weak at 151,000 tonnes, less than half of what...
Benzinga  Jan 6  Comment 
March Chicago Wheat is up a little over 2 percent Tuesday at 603 1/4, up 14 1/4 cents. March Kansas City Wheat is trading at 641 3/4, up 17 cents. March Corn is trading unchanged 406. March Soybeans are up 2 cents at 1047 1/4. March Soybean...
Benzinga  Jan 6  Comment 
Market talk about winterkill in parts Nebraska and Missouri helped wheat prices move higher early Monday and continues Tuesday morning. March Chicago Wheat is trading at 594 1/2, up 5 1/2 cents. March Kansas City Wheat is up by 5.25 cents at...
Benzinga  Jan 5  Comment 
March Chicago Wheat is up 7 cents at 588 1/4 and March Kansas City Wheat is up 7 cents at 624. On Friday, Wheat prices eased. European wheat futures traded lower late last week, as traders see ample world production and an ample supply of extra...




 

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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