Wheat futures

[dfarms11]

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?

[dfarms11]

Is that supposed to be cents/bu?

[charliep]

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.

[dfarms11]

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