Market reference update: Contract examples below may be historical. See the official exchange resources for current listings and terms.
Wheat futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of wheat (eg. 5000 bushels) at a predetermined price on a future delivery date.
Wheat Futures Exchanges
You can trade Wheat futures at Chicago Board of Trade (CBOT) and NYSE Euronext (Euronext).
CBOT Wheat futures prices are quoted in dollars and cents per bushel and are traded in lot sizes of 5000 bushels (136 metric tons).
Euronext Milling Wheat futures are traded in units of 50 tonnes and contract prices are quoted in dollars and cents per bushel.
Euronext Wheat (No. 405) futures prices are quoted in pounds and pence per metric ton and are traded in lot sizes of 100 tonnes .
Official futures market resources
Use the exchange pages for current contract specifications and margin information. Quotes may be delayed or require sign-in. Margin requirements vary by position and broker.
| Exchange & futures product | Market information | Margin information |
|---|---|---|
| CBOT Chicago SRW Wheat | Quotes / market data Contract specifications | View margin information |
| Euronext Milling Wheat | Quotes / market data Contract specifications | View margin information |
| ICE UK Feed Wheat (T) | Quotes / market data Contract specifications | View margin information |
Exchange references reviewed 2026-09-12. Educational examples and exchange names elsewhere in this article may be historical.
Wheat Price Chart — CFD Reference
OANDA Wheat CFD reference price. This broker CFD (contract for difference) is a market reference, not a spot price or an exchange futures contract. Prices and quoting units may differ from the contracts described in this guide. Check the widget timestamp and market status; prices may be delayed.
Wheat Futures Trading Basics
Consumers and producers of wheat can manage wheat price risk by purchasing and selling wheat futures. Wheat producers can employ a short hedge to lock in a selling price for the wheat they produce while businesses that require wheat can utilize a long hedge to secure a purchase price for the commodity they need.
Wheat futures are also traded by speculators who assume the price risk that hedgers try to avoid in return for a chance to profit from favorable wheat price movement. Speculators buy wheat futures when they believe that wheat prices will go up. Conversely, they will sell wheat futures when they think that wheat prices will fall.
Learn More About Wheat Futures & Options Trading
- Buying Wheat Futures to Profit from a Rise in Wheat Prices
- Selling Wheat Futures to Profit from a Fall in Wheat Prices
- Wheat Options Basics
- Wheat Call Option Trading Basics
- Wheat Put Option Trading Basics
- Hedging Against Rising Wheat Prices with Wheat Futures
- Hedging Against Falling Wheat Prices with Wheat Futures