QUOTE AND NEWS
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?
Agrimoney.com  Oct 9  Comment 
Soybeans outperform grains, this time, amid positioning ahead of US export sales data later, and a key report on Friday. Wheat futures underperform
Agrimoney.com  Oct 8  Comment 
Corn and wheat futures, weighed by a stronger dollar, struggle to maintain their October winning streak. But ringgit-denominated palm oil gains
Agrimoney.com  Oct 3  Comment 
Wheat futures take aim at what would be a third successive winning session. Corn and soybeans gain too. But there is plenty of downbeat talk around
Mondo Visione  Oct 1  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal court Consent Order against Defendant Eric Moncada, finding that Moncada attempted to manipulate the wheat futures markets on numerous occasions and...
Agrimoney.com  Sep 17  Comment 
Wheat futures gain in Chicago for the first time in eight sessions, amid caution over hefty short positions. Sugar rebounds too from four-year low




 

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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