CBOT Wheat (Chicago, US)
- Demand from importing countries
- High ethanol production boosts demand for corn
- Russia's export quota could ensure rising EU exports
- Concern about US tariffs
- No frost damage in the US plains so far
- Expectation that maize and wheat stocks will rise
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Specification
TAS: Sunday - Friday 7:00 p.m. - 7:45 a.m. and ?Monday - Friday 8:30 a.m. - 1:15 p.m. CT
CME ClearPort:
Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT
Further specifications
#2 Soft Red Winter at contract price, #1 Soft Red Winter at a 3 cent premium, other deliverable grades listed in Rule 14104.
CBOT Wheat spot / futures market prices & news
The CBOT (Chicago Board of Trade) is one of the oldest financial and commodity futures exchanges based in Chicago. In 2007, the CME (Chicago Mercantile Exchange) and the CBOT were merged to form the joint CME Group Inc. The CBOT offers both electronic trading and open outcry trading on the trading floor.
Futures are available on a whole range of different underlying assets, such as wheat. It is important to note that all futures are traded on futures exchanges. The exchange determines exactly what a futures contract looks like.
It should be noted that virtually all futures contracts are not physically delivered, but are generally settled by trading the offsetting position before the contract expires. Most traders only use futures to hedge the prices they pay or receive on the local market at world market prices and are not interested in physical delivery at the location specified by the exchange.
Wheat is one of the oldest cultivated plants known to mankind.
In Europe, the first types of wheat, einkorn and emmer, were cultivated in the Mediterranean region. Grain could be stored well and helped people through the barren winter months.
More and more wheat is being cultivated worldwide - in 2020, over 760 million tons were grown. This makes wheat the second most widely cultivated grain after maize. Russia, the USA, Canada, France and Ukraine are the largest exporters. Depending on the region, wheat is used as animal feed or as a staple food, with the share of animal feed predominating overall.