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CBOT Wheat
Chicago Board of Trade wheat futures contracts are the benchmark for the soft-red winter wheat market. Wheat is a grass that is cultivated around the world. It is tied with corn as the second-largest cereal crop in the world. The wheat grown in the United States falls into two categories: winter wheat, which is planted in the fall and matures in the summer, and spring wheat, which is planted after the danger of frost is over and also matures in the summer.
Wheat is traded on three different exchange. On the Chicago Board of Trade (CBOT) soft-red winter wheat is traded. On the Kansas City Board of Trade (KCBT) hard-red winter wheat is traded. On the Minneapolis Grain Exchange (MGE) hard-red spring wheat is traded.
The first modern wheat futures contract in the US was for soft-red winter wheat on the CBOT. CBOT wheat is now the most actively traded wheat futures contract.
Soft-red winter wheat is grown in areas that are too humid for hard grain production. Soft-red winter wheat production area stretches from central Texas, towards the northeastern Great Lakes and east to the Atlantic.
This section on the wheat market contains a wealth of information. You can read about the history of the wheat market, the fundamentals that make it move, and the futures and options specifications. You can also view quotes, charts, current margins requirements, and news that is affecting the wheat market. However, if you are new to the commodities markets you should consult with a licensed broker before starting to trade.
Start trading CBOT wheat futures and options today! Click here to contact a licensed commodities broker with experience in the wheat market. We are happy to answer all of your questions about CBOT wheat futures and options.
