Wheat (ZW) Futures Contract Specifications

What Are Wheat (ZW) Futures?

Wheat Futures (ZW) provide traders with exposure to one of the world's most important food staples. These contracts allow for speculation on wheat price movements, hedging for producers and processors, or agricultural portfolio diversification.

Contract Size

Contract Size: 5,000 bushels

Example: This contract size allows traders to gain exposure to grains with controlled leverage and risk.

Tick Value and Increment

  • Tick Size: 1/4 cent per bushel
  • Tick Value: $12.50 per tick
  • Point Value: $50.00 per cent

These specifications make Wheat (ZW) Futures suitable for traders seeking exposure to grains markets.

Trading Hours

Wheat (ZW) Futures trade with extended hours, providing flexibility for traders in different time zones.

  • Trading Hours: Sunday to Friday, 7:00 PM to 7:45 AM and 8:30 AM to 1:20 PM
  • Time Zone: Central Time (CT)

Trading Symbol

Platform Symbol: ZW

Margins

To trade Wheat (ZW) Futures, you'll need to meet specific margin requirements. Check with your broker for the latest margin rates and details.

Why Trade Wheat (ZW) Futures?

  • Exposure to a globally significant food commodity
  • Consistent liquidity and market participation
  • Effective hedging tool for producers, millers, and bakers
  • Responds to global supply chains and weather events
  • Multiple contract months provide year-round trading opportunities

Position Sizing for Wheat (ZW) Futures

Proper position sizing is crucial when trading Wheat (ZW) Futures. Use our position size calculator to determine the optimal number of contracts based on your risk tolerance and account size.

Position Size Calculator Example

For Wheat (ZW) Futures (ZW):

  • Tick Size: 1/4 cent per bushel
  • Tick Value: $12.50 per tick
  • Point Value: $50.00 per cent

If you want to risk $500 with a 10-point stop loss:

Risk per Contract = Stop Loss in Points × Point Value = 10 × 50.00 per cent = $500

Maximum Contracts = Risk Amount ÷ Risk per Contract = $500 ÷ $500 = 1 contract