Wheat is probably the most common cereal available all over the world and is in even higher demand in recent years due to its abundant health benefits. Over the years, it has shown itself to be one of the most successful and sustainable cereals crops in the world. It originated in southwestern Asia, but today it is grown in countless countries. Commonly, wheat cultivation is done at higher latitudes and is primarily used for baking bread products. Foods like bread, pasta, crackers, bagels, cakes, and muffins are just a few common examples of wheat sources. Wheat is believed to be one of the most wholesome food items, and it ensures a diet rich in nutrients.
Wheat is bought and sold by investors and price speculators as a tradable commodity using wheat futures contracts. These “futures” are traded on the Chicago Board of Trade (CBOT).
Types of Wheat
Wheat is primarily classified according to its growing season.
Winter Wheat – planted in the fall, harvested in the spring, comprises approximately 75% of wheat grown in the U.S.
Spring Wheat – planted in the spring, harvested in late summer or early fall.
Beyond the growing season, wheat is further categorized according to its hardness (hard/soft), color (red/white) and shape of its kernel. In the end, we’re left with the following six types of wheat:
• Hard Red Winter
• Hard Red Spring
• Soft Red Winter
• Hard White Wheat
• Soft White Wheat