QUOTE AND NEWS
Benzinga  10 hrs ago  Comment 
The USDA reported today that wheat export sales for the week ending February 16th totaled 451,300 tonnes. Sales were down 23 percent from the four week average. There were 256,500 tonnes sold for 2018. March Chicago Wheat is trading at 435 3/4,...
Benzinga  Feb 24  Comment 
March Chicago Wheat is trading at 436 1/4, down 1 3/4 cents/bushel. May Chicago Wheat is trading at 451 3/4, down 1 3/4 cents/bushel. March Kansas City Wheat is trading at 455 1/2, down 2 1/4 of cent/bushel. Wheat futures are trading a little...
Agrimoney.com  Feb 24  Comment 
Corn, soy and wheat futures are all sat just above much-watched price points. Falls below could encourage a wave of fund sales. And key data lie ahead
Benzinga  Feb 23  Comment 
March Chicago Wheat is trading at 440 3/4, down 1/2 of a cent/bushel. May Chicago Wheat is trading at 455 1/4, down 3/4 of a cent /bushel. March Kansas City Wheat is trading at 457 1/2, down 1/4 of cent/bushel. Wheat futures are trading steady...
Benzinga  Feb 22  Comment 
March Chicago Wheat is trading at 437 1/2, up 1 1/2 cents/bushel. May Chicago Wheat is trading at 452, up 2 1/4 cents /bushel. March Kansas City Wheat is trading at 453 3/4, up 1 1/2 cent/bushel. Wheat futures are trading rangebound after...
Agrimoney.com  Feb 22  Comment 
Wheat futures, for now, steer clear of confrontations with key chart points, as importers enter the market. Cotton gets help from Australia dryness
Benzinga  Feb 21  Comment 
The USDA reported today that wheat export inspections for the week ending February 16th totaled 558,252 tonnes. March Chicago Wheat is trading at 438 1/4, down 2 3/4 cents/bushel. May Chicago Wheat is trading at 453, down 2 1/2...
Benzinga  Feb 21  Comment 
March Chicago Wheat is trading at 439 3/4, down 1 1/4 cents/bushel. May Chicago Wheat is trading at 454, down 1 1/2 cents /bushel. March Kansas City Wheat is trading at 454 1/4, down 2 cents/bushel. Wheat futures are trading rangebound and a...
Agrimoney.com  Feb 20  Comment 
Wheat prices make a short-lived attempt to break out of a long-term downtrend, while the bounce in cocoa futures extends
Benzinga  Feb 17  Comment 
March Chicago Wheat is trading at 443 3/4, down 4 cents/bushel. May Chicago Wheat is trading at 457, down 4 1/4 cents/bushel. March Kansas City Wheat is trading at 454 1/2, down 3 1/2 cents/bushel. Wheat futures are trading lower after...




 

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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