netrashetty

Netra Shetty
MIG, Inc. (Formerly "Minnesota IMPLAN Group, Inc.") is the corporation that is responsible for the production of IMPLAN (IMpact analysis for PLANning) data and software.
Using classic input-output analysis in combination with regional specific Social Accounting Matrices and Multiplier Models, IMPLAN provides a highly accurate and adaptable model for its users. The IMPLAN database contains county, state, zip code, and federal economic statistics [1] which are specialized by region, not estimated from national averages and can be used to measure the effect on a regional or local economy of a given change or event in the economy's activity.[2] That is useful in examination of questions like these:

Mini-Sized Wheat Futures are traded on the Chicago Board of Trade (CBOT) under ticker symbol YW in cents per bushel.[1] For electronic trading sessions, the symbol XW is used.[1]

The chart at left shows the Front Month Mini-Sized Wheat Futures prices on the Chicago Board of Trade (CBOT) in cents per bushel.

Delivery Dates

Mini-sized Wheat futures contracts are delivered every year in March, May, July, September, and December.[1]

The following is a table with wheat futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
March, 2009 YWH9 YW/H9-CB
May, 2009 YWK9 YW/K9-CB
July, 2009 YWN9 YW/N9-CB
September, 2009 YWU9 YW/U9-CB
December, 2009 YWZ9 YW/Z9-CB
Contract Specifications

Contract Size
One mini-sized wheat futures contract on the Chicago Board of Trade (CBOT) is 1000 bushels.[1]

Daily Price Limit
The daily price limit for mini-sized wheat futures contracts on the Chicago Board of Trade (CBOT) is $.60 per bushel ($600 per contract) above or below the previous day's settlement price.[1] During the spot month, the limit restriction is lifted.

Last Trading Day
Trading of mini-sized wheat futures contracts on the Chicago Board of Trade (CBOT) ends on the business day prior to the fifteenth calendar day of the contract month.[1]

Contents
1 Delivery Dates
2 Contract Specifications
2.1 Contract Size
2.2 Daily Price Limit
2.3 Last Trading Day
2.4 Deliverable Grades
3 Mini-Sized vs. Regular Wheat Futures
4 See Also
5 References
Deliverable Grades
Deliverable wheat grades for futures contracts on the Chicago Board of Trade (CBOT) at the contract price (at "par") are: No. 2 Soft Red Winter Wheat, No. 2 Hard Red Winter Wheat, No. 2 Dark Northern Spring Wheat, and No. 2 Northern Spring Wheat.[1]

Also deliverable for 3 cents per bushel over contract price are: No.1 Soft Red Winter Wheat, No. 1 Hard Red Winter Wheat, No. 1 Dark Northern Spring Wheat and No. 1 Northern Spring Wheat.[1]

Mini-Sized vs. Regular Wheat Futures

Mini-Sized Wheat Futures are identical in every way to the standard Wheat Futures traded on the Chicago Board of Trade (CBOT) except that the contract size is significantly smaller (1000 bushels vs. 5000 bushels) compared to standard Wheat Futures.

See Also

Wheat Prices
Kansas City Wheat Futures
Spring Wheat Futures
Wheat Futures
 
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