Wheat

CFD on the daily spot price of wheat (ZW).

 SELL Open a SELL trade on  SELL Open a SELL trade on Of current open trades, % are BUY and % are SELL BUY  Open a BUY trade on BUY  Open a BUY trade on   The daily price change of
Product Type: Commodity CFDMarket: CBOT
Currency: USDMeasurement Unit: Bushel
Full trading conditions >>

Description:

Sold as an over-the-counter exchange-traded contract, wheat (ticker symbol: ZW) has become extremely popular among institutional and individual traders over the past few decades. Chicago Board of Trade (CBOT), the world's oldest and largest futures and options exchange, and the original introducer of wheat contracts, issues wheat prices daily, weekly, monthly and yearly. These are quoted in terms of one bushel of wheat - equivalent to approximately 60 pounds – per one US dollar. A major advantage of trading wheat is that you don't have to hold the contract until it expires. And, you can cancel it anytime you want. Plus, as a staple-commodity and a major constituent of the world’s diet – the cereal grain will generally always have high demand.

Interesting Facts:

  • Wheat trade is probably as old as wheat growing – going as far back as the Neolithic Revolution (around 9,000 BC).
  • Wheat is among the world’s most liquid exchange-traded commodities. As an agriculture commodity, it is by far the number one most traded product of its category.
  • Wheat contracts can be traded on the CBOT and NYSE, from Monday to Friday, 9:30 to 16:00 EST.
  • China, Russia, USA, India and France are the largest producers of wheat in the world. Wheat and wheat-by-products play a substantial role in determining these countries’ gross domestic product (GDP) growth rate.