The primary use for wheat is flour, the key ingredient in breads, pastas, crackers, and many other food products. Wheat byproducts are also used in livestock feeds. Wheat has significant industrial applications, too, as an ingredient in starches, adhesives, and coatings.
Wheat futures, Chicago Board of Trade, symbol W. This contract covers 5,000 bushels. The minimum tick is 0.25, worth $12.50 per contract.
Trade electronically on the Globex platform from 8:00 p.m. U.S. ET to 2:20 p.m. U.S. ET on the following day. 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.