QUOTE AND NEWS
Mondo Visione  3 hrs ago  Comment 
Euronext, the leading exchange in the Euro zone, today announced that on 16 December its commodities franchise achieved a second lifetime record daily volumes in the same month in milling wheat futures with 92,531 contracts traded. Milling wheat...
Benzinga  6 hrs ago  Comment 
March Chicago Wheat Futures were up $0.13 at $636.75. Concerns remain that Russia will slow or at least tie-up exports has led to buying. March Kansas City Wheat Futures were up $0.12 at $667. Corn Futures were slightly higher at $409.25, up...
Benzinga  Dec 16  Comment 
Wheat Futures were higher mid-day on continued supply concerns. March Kansas City Wheat was up $0.18 at $6.65. March Chicago Wheat was $0.17 higher at $6.36. January Soybean futures were trading lower at $1036. March Soymeal Futures were...
Benzinga  Dec 15  Comment 
March wheat has climbed $0.14, trading above $620 on the back of worries over supply in Europe and Russian stockpiling. January Soybean futures are down $0.06 at $1041.50, on weaker demand outlook with record supplies. Soymeal was steady to...
Agrimoney.com  Dec 1  Comment 
Wheat hits $6 a bushel in Chicago for the first time since June, jumping in Paris too - stealing thunder from a bullish recommendation by Rabobank
Agrimoney.com  Nov 12  Comment 
Wheat prices get twin propulsion from US cold and fresh Russian-Ukraine tensions. But the soybean rally falters, as US meal buyers turn to Argentina
Benzinga  Oct 30  Comment 
BZ Note: Kraft Says Mondelez Will Bear Most Of Cost of Probe Kraft Does Not Expect Material Effect  © 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The Hindu Business Line  Oct 23  Comment 
The Euronext exchange said on Thursday it would introduce new quality terms to its milling wheat futures with effect from the September 2017 contract. These new criteria would include a m...
Agrimoney.com  Oct 9  Comment 
Wheat futures soar, on what is termed a technically-based rally, boosting prices of fellow grain too. But will the gains hold?




 

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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