What futures contract months are traded in wheat?
Please note that there is a maintenance period from 8:45 a.m. U.S. ET until 9:30 a.m. U.S. ET during which trading is halted. Principal trading months for wheat futures include March, May, July, September, and December.
What are the wheat futures?
Wheat futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of wheat (eg. 5000 bushels) at a predetermined price on a future delivery date.
How many bushels are in a futures contract?
5,000 bushels
Each futures contract is 5,000 bushels, so you must sell 10 contracts to fully hedge your position. The initial hedge is illustrated below.
What is wheat trading at today?
Futures
| AGRICULTURE | LAST | % CHG |
|---|---|---|
| Wheat | 818.25 | 1.77% |
| Soybeans | 1616.00 | 0.78% |
| Soybean Oil | 69.04 | 2.12% |
| Soybean Meal | 447.7 | 0.45% |
How much is a wheat contract?
Chicago SRW Wheat Futures – Contract Specs
| Contract Unit | 5,000 bushels (~ 136 metric tons) |
|---|---|
| Minimum Price Fluctuation | 1/4 of one cent (0.0025) per bushel = $12.50 |
| Product Code | CME Globex: ZW CME ClearPort: W Clearing: W TAS: ZWT |
How do you buy grain futures?
ETF shares can be purchased through your regular brokerage account. Open and fund an account with a commodity futures broker registered with the National Futures Association to trade grain futures. Discuss your trading goals with a broker representative.
How do you read a wheat futures price?
How to read grain prices: a quick reference guide
- Cash price = futures + basis +/- premium and discounts.
- Last: The last or most current trade price.
- Change: The difference between current price and previous settlement price.
- Open: Opening price for today.
- High: The highest trading price for today.
Who initiates delivery in futures contract?
The party with the short position initiates delivery by sending a “Notice of Intention to Deliver” to the exchange. The exchange has a procedure for choosing a party with a long position to take delivery. 8. You sell one December futures contracts when the futures price is $1,010 per unit.
How much is a bushel of wheat today?
The price shown is in U.S. Dollars per bushel. The current price of wheat as of February 11, 2022 is $7.9775 per bushel.
How much is a ton of wheat?
Average prices for U.S. wheat (HRW) from 2014 to 2025 (in nominal U.S. dollars per mt)
| Characteristic | Price in nominal U.S. dollars per metric ton |
|---|---|
| 2020 | 211 |
| 2019 | 202 |
| 2018 | 210 |
| 2017 | 174 |