Wheat

Wheat Meaning:
In commodity trading terminology, Wheat refers to a grain grass which originated in the Fertile Crescent area of the Near East and is now cultivated worldwide. Wheat grain is a world staple food used in the making of bread flour, breakfast cereal, noodles, beer and other alcoholic products, as well as biofuel.

Wheat Example:
Wheat futures trade on the Chicago Board of Trade and on the CME Groupís Globex electronic trading platform. Contracts are for 5,000 bushels or 136 metric tons of #1 or #2 Red Winter Wheat. Contract prices are quoted in U.S. Dollars with a minimum fluctuation of ľ cent per bushel or $12.50 per contract. The trading symbol for Wheat is W.