Commodity trading is not suitable for everyone. The risk of loss in trading can be substantial. This material has been prepared by a sales or trading employee or agent of Van Commodities, Inc. and is, or is in the nature of, a solicitation. This material is not a research report prepared by Van Commodities, Inc. Research Department. Please view our Risk Disclaimer.

Contract History


If you are interested in trading CBOT Wheat futures it is helpful to become familiar with the history of the CBOT Wheat market. The CBOT Wheat Contract is the global benchmark for the pricing of soft-red winter wheat. The size of the wheat contract translates into a relatively small underlying value per contract, making it attractive for hedgers and speculators alike, providing easy market access for global participants small and large.

Wheat is grown on more land area worldwide than any other crop and is a close third to rice and corn in total world production. Wheat is well adapted to harsh environments and is mostly grown on wind swept areas that are too dry and too cold for the more tropically inclined rice and corn, which do best at intermediate temperature levels.

Soft-red winter wheat accounts for approximately 20% of U.S. wheat production. The flour from Soft Red Winter Wheat is used to make cakes, cookies, snack foods, crackers and pastries. A large set of commercial market participants, including wheat producers, exporters, millers and bakers. The diverse set of institutional participants underscores the importance of wheat futures and options markets ensuring highly efficient pricing and continuous liquidity.

Grain and Soybean Futures and Options

Click on the link above to download a very informative .pdf brochure entitled "Grain and Soybean Futures and Options". It was published by the Chicago Board of Trade. This is a must read guide for any speculator or hedger considering an trade in the corn futures or corn options.

Click here to contact a licensed commodities broker with experience in the wheat market.