Wheat

The world wheat market is enormous. Annual global wheat consumption is in excess of 550 million tonnes (20 billion bushels). The global grain trade has always been of interest to investors because wheat represents one of the single most important components of world food consumption. Wheat is one of the worlds key staple products, with about 10 percent of production traded on world markets each year.
Investing in wheat futures allows traders to participate in the agricultural markets without holding a physical market position. Investing in wheat futures also provides growers with a risk management tool to protect the price of their expected purchase or sale of physical grain. The United States is one of the world’s largest wheat producing countries. Japan is one of the largest importers of wheat in the world, with imports originating from Australia, Canada, and the United States. Exportable wheat supplies are also available from Argentina, Europe, Ukraine and other areas of the world, depending on crop situations. This makes wheat a truly global market and allows traders to enter into a global environment to create a broad trading strategy using wheat alone or in combination with other grains. Wheat futures are traded on the Chicago Board of Trade, Kansas City Board of Trade, and Minneapoli Grain Exchange, and have delivery dates in March (H), May (K), July (N), September (U), and December (Z).
PMEX Wheat Future Contract