California Capital
Trading Group
Commodities and Financial Futures
California Capital Trading Group
13006 E. Philadelphia Street
Suite 311
Whittier, CA 90601
ph: 866-471-3801
fax: 562-846-4259
alt: Hablamos Espanol
Contract Specifications
Contract Size: 5,000 bushels
Deliverable Grades: No. 2 Soft Red Winter, No. 2 Hard Red Winter, No. 2 Dark Northern Spring, and No. 2 Northern Spring at par; No. 1 Soft Red Winter, No. 1 Hard Red Winter, No. 1 Dark Northern Spring and No. 1 Northern Spring at 3 cents per bushel over contract price.
Tick Size: 1/4 cent/bushel ($12.50/contract)
Price Quote: Cents/bushel
Contract Months: Jul, Sep, Dec, Mar, May
Last Trading Day: The business day prior to the 15th calendar day of the contract month.
Last Delivery Day: Seventh business day following the last trading day of the delivery month.
Trading Hours
Electronic: 6:00 p.m. - 6:00 a.m. and 9:30 a.m. - 1:15 p.m. Central Time, Sun.-Fri.
Open Auction: 9:30 a.m. - 1:15 p.m. Central Time, Mon-Fri.
Trading in expiring contracts closes at noon on the last trading day.
Ticker Symbols
Open Auction: W
Electronic: ZW
Daily Price Limit: Sixty cents ($0.60) per bushel ($1,500/contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day).
| Click here to view wheat chart |
Strategies: March 11, 2010
1) Is a bull call spread buying the December 2010 600.0 call and selling the December 2010 650.0 call
Risk $650 not including fees. Total Profit potential $2,500 if December Wheat prices are at 650.0 or higher on expiration date.
2) Is a bull call spread buying the December 2010 550.0 call and selling the December 2010 600.0 call.
Risk $800 not including fees. Total Profit Potential $ 2,500 if December Wheat prices at 600.0 or higher on expiration date.
Wheat Data
Wheat Additional data can be found on the Other Data page, which contains farm program and historical data related to wheat.
For help understanding the data, see the Documentation.
Data
- U.S. Acreage, Production, Yield, and Farm Price
- World Production, Supply, and Disappearance
- U.S. Supply and Disappearance
- Food Use
- Government and Private Stocks
- Domestic and International Prices
- Exports and Imports
- Flour Production and Prices
Overview
- The United States is a major wheat-producing country, with output typically exceeded only by China, the European Union, and India.
- Wheat ranks third among U.S. field crops in both planted acreage and gross farm receipts, behind corn and soybeans.
- U.S. wheat harvested area has dropped off nearly 30 million acres, or nearly one-third, from its peak in 1981 because of declining returns compared with other crops and changes in government programs that allow farmers more planting flexibility.
- About half of the U.S. wheat crop is exported.
- Despite rising global wheat trade, the U.S. share of the world wheat market has eroded in the past two decades.
ERS analyzes events in the domestic and global wheat markets that influence supply, demand, trade, and prices.
Highlights
USDA Wheat Long-Term Projections, 2009-18 (March 2009)
California Capital Trading Group
13006 E. Philadelphia Street
Suite 311
Whittier, CA 90601
ph: 866-471-3801
fax: 562-846-4259
alt: Hablamos Espanol
