Wheat futures

dfarms11

Senior Member

Join Date: Oct 2000

Posts: 532
#1

Wheat futures

Nov 30, 2009, 15:40

I believe that the CWB wheat futures come from MGE,right? When I go to trading charts.com, which wheat futures do I pick. The one I think I should take says 587 6/8. When it should be 228.36. What gives?
Tags: None
dfarms11

Senior Member

Join Date: Oct 2000

Posts: 532
#2

Nov 30, 2009, 15:46

Is that supposed to be cents/bu?
Comment
charliep

Senior Member

Join Date: Oct 2000

Posts: 9002
#3

Nov 30, 2009, 15:57

The $587 6/8 is actually USD $5.87 3/4 per bushel. Strange I know but the way they are posted. convert that to $Cdn/tonne and the result should be $228.36/tonne.

You still have to include the basis you locked in prior to Oct. 31.
Comment
dfarms11

Senior Member

Join Date: Oct 2000

Posts: 532
#4

Nov 30, 2009, 16:01

thanks for confirming that. I know about the basis as well. I just found the MGE futures confusing.
Comment

Announcement