[Trend] CME CBOT:ZW Chicago SRW Wheat Futures prices chart

Chicago SRW Wheat Futures (CME CBOT: ZW) : SRW wheat = Soft Red Winter wheat : typically used to produce flat breads, cakes, crackers, cookies, snack foods and pastries. They are grown in more humid environments, not suited to hard wheat production from central Texas, towards the northeastern Great Lakes and east to the Atlantic. SRW is standardized under the U.S. Standards for Wheat. CBOT = Chicago Board of Trade. Product Code: CME Globex: ZW. Contract Unit: 5,000 bushels (~ 136 metric tons). Price Quotation: U.S. cents per bushel. Minimum Price Fluctuation: 1/4 of one cent (0.0025) per bushel = $12.50 . Settlement Method: Deliverable. Trading Hours: Sunday – Friday: 7:00 p.m. – 7:45 a.m. CT and Monday – Friday: 8:30 a.m. – 1:20 p.m. CT. Termination Of Trading: Trading terminates on the business day prior to the 15th day of the contract month. Listed Contracts: 15 monthly contracts of Mar, May, Jul, Sep, Dec listed annually following the termination of trading in the July contract of the current year.

6 classes of wheat :
HRW Wheat = Hard Red Winter Wheat : excellent milling and baking characteristics for wheat foods like hearth breads, hard rolls, croissants and flat breads, Asian noodles.
HRS Wheat = Hard Red Spring Wheat : foods like hearth breads, rolls, croissants, bagels and pizza crust.
HW Wheat = Hard White Wheat : for Asian noodles, pan breads, flat breads.
SRW Wheat = Soft Red Winter Wheat : for producing a wide range of confectionary products like cookies, crackers and cakes.
SW Wheat = Soft White Wheat : low moisture wheat with excellent milling results, for a whiter and brighter product sucha as Asian-style noodles, exquisite cakes, pastries and other confectionary products.
Drum Wheat : hrdest of all wheats. rich amber color and high gluten content. for premium pasta products, couscous and some Mediterranean breads.