QUOTE AND NEWS
Agrimoney.com  Sep 3  Comment 
Corn and wheat futures plunge, hurt by a cocktail of downbeat news including strong US row crop hopes and signs of peace in Ukraine. Coffee dives too
Agrimoney.com  Aug 29  Comment 
Wheat futures rise on a Nato caution over Russian troops in Ukraine. This time, the rally ignites chart support too. Corn and soybeans also gain
Agrimoney.com  Aug 29  Comment 
Wheat futures extend gains, as the latest rise in Ukraine tensions shows no sign of easing off. Soybeans gain too. But is that down to the calendar?
Agrimoney.com  Aug 28  Comment 
Wheat futures jump on a Nato caution over Russian troops in Ukraine. This time, the rally ignites chart support too. Corn and soybeans also gain
Agrimoney.com  Aug 20  Comment 
On a negative day for ags, wheat futures show some resilience, amid continued talk of Ukraine export curbs. But palm oil sets a fresh five-year low
Agrimoney.com  Aug 18  Comment 
Apparent progress in Russia-Ukraine talks weakens wheat futures, despite some quality concerns over the US crop. China dryness fears keep corn rising
Agrimoney.com  Aug 6  Comment 
Wheat futures aim at a sixth successive positive session, lifted by mounting fears over crop quality in Europe and Ukraine. Corn gains too - a little
The Hindu Business Line  Jul 22  Comment 
Wheat futures contract traded on the NCDEX has reversed sharply higher over the last one month after recording a low of ₹1,465 a quintal on June 10. The contract is up about 10 per cent...
Agrimoney.com  Jul 3  Comment 
Soft wheat futures extend their recovery versus hard wheat, for both fundamental and technical reasons. But cotton misses out on a short-covering wave
Agrimoney.com  Jun 20  Comment 
Corn and wheat futures struggle to extend gains, as investors reconsider the dampness fears at the heart of this week's strength. Cotton reverses flow




 

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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