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Wheat Mini Dec '16 (XWZ16)

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Wheat Mini Futures Market News and Commentary

Wheat Posts Losses on Month-End Selling

After a month of solid gains, the wheat complex posted some selling ahead of Friday’s month end. Chicago contracts were down 10 to 12 cents in the front months. Kansas City futures are down 10 to 11 cents so far. MPLS spring wheat is 9-10 cents lower in the nearbys.

Weather played some factor today, as rains are expected to sneak back into wheat growing regions in Russia. Much of the US Southern Plains, as well as SRW country, is also expected to see precip over the next week.

Taiwan purchased 96,850 MT of US wheat in their tender that was due today for July/August shipment. Export Sales data will be delayed until Friday morning, with the trade expecting net reduction of 100,000 to net sales of 100,000 MT during the week of 5/23. New crop sales are seen in the middle of the 200,000-400,000 MT range.

Jul 24 CBOT Wheat  closed at $6.81, down 11 3/4 cents,

Sep 24 CBOT Wheat  closed at $7.02 1/2, down 11 1/4 cents,

Jul 24 KCBT Wheat  closed at $7.09 1/2, do... Read more

Contract Specifications

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Contract
Chicago Soft Red Winter Wheat mini-sized
Contract Size
1,000 bushels
Tick Size
1/8 cent per bushel ($1.25 per contract)
Trading Hours
7:00p.m. - 7:45a.m. and 8:30a.m. - 1:20p.m. (Sun-Fri) CST
Exchange
CBOT
Point Value
$10
Expiration Date
12/14/16 (expired)

Seasonal Chart

Wheat Mini Dec '16
Average Price Chart for 5 Prior Dec Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
366-0 +6.97%
on 12/01/16
445-0 -12.02%
on 12/09/16
-2-4 (-0.63%)
since 11/14/16
3-Month
366-0 +6.97%
on 12/01/16
445-0 -12.02%
on 12/09/16
-11-4 (-2.85%)
since 09/14/16
52-Week
366-0 +6.97%
on 12/01/16
550-0 -28.82%
on 06/08/16
-135-2 (-25.68%)
since 12/14/15

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Most Recent Stories

More News
Soybeans Leak Lower Ahead of Month-End

Soybean futures posted losses across most contracts on Thursday with futures down 4 to 7 cents at the close. Soymeal continues to weigh on the market, with losses of $5.50/ton. Soy Oil was also lower on...

ZMN24 : 363.6s (-1.49%)
ZLN24 : 45.72s (-0.35%)
ZSN24 : 1209-6s (-0.35%)
ZSPAUS.CM : 11.5015 (-0.36%)
ZSQ24 : 1208-0s (-0.47%)
ZSX24 : 1190-0s (-0.56%)
ZSPX24US.CM : 11.2777 (-0.63%)
Wheat Posts Losses on Month-End Selling

After a month of solid gains, the wheat complex posted some selling ahead of Friday’s month end. Chicago contracts were down 10 to 12 cents in the front months. Kansas City futures are down 10 to 11...

ZWN24 : 681-0s (-1.70%)
ZWU24 : 702-4s (-1.58%)
KEN24 : 709-4s (-1.42%)
KEU24 : 723-4s (-1.40%)
MWN24 : 742-0s (-1.33%)
Corn Falls on Thursday

Corn futures closed the Thursday session with contracts down 6 to 8 cents in most front months, as a risk off approach triggered selling across much of the ag commodity sector. This morning's EIA report...

ZCN24 : 448-6s (-1.43%)
ZCPAUS.CM : 4.2962 (-1.36%)
ZCU24 : 457-6s (-1.56%)
ZCZ24 : 471-0s (-1.62%)
ZCPZ24US.CM : 4.4187 (-1.89%)
Wheat Falling into Month-End

After a month of solid gains, the wheat complex is falling lower on Thursday ahead of Friday’s month end. Chicago contracts are down 15 to 17 cents in the front months. Kansas City futures are down 12...

ZWN24 : 681-0s (-1.70%)
ZWU24 : 702-4s (-1.58%)
KEN24 : 709-4s (-1.42%)
KEU24 : 723-4s (-1.40%)
MWN24 : 742-0s (-1.33%)
Corn Pulled Lower Again on Thursday

Corn futures are falling on Thursday’s midday, as a risk off approach is causing selling across much of the ag commodity sector. Contracts are down 6 to 8 cents at midday. This morning's EIA report showed...

ZCN24 : 448-6s (-1.43%)
ZCPAUS.CM : 4.2962 (-1.36%)
ZCU24 : 457-6s (-1.56%)
ZCZ24 : 471-0s (-1.62%)
ZCPZ24US.CM : 4.4187 (-1.89%)
Soybeans Down on Thursday

Soybean futures are trading with midday losses of 4 to 7 cents across the front months. Soymeal continues to weigh on the market, with losses of $4.70/ton. Soy Oil is also lower on Thursday, with July...

ZMN24 : 363.6s (-1.49%)
ZLN24 : 45.72s (-0.35%)
ZSN24 : 1209-6s (-0.35%)
ZSPAUS.CM : 11.5015 (-0.36%)
ZSQ24 : 1208-0s (-0.47%)
ZSX24 : 1190-0s (-0.56%)
ZSPX24US.CM : 11.2777 (-0.63%)
What Are Wall Street Analysts' Target Price for Kellanova Stock?

Kellanova has underperformed the broader market over the past year, and Wall Street analysts remain cautious about the stock's prospects.

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What Are Wall Street Analysts' Target Price for Tyson Foods Stock?

While Tyson Foods has underperformed the broader market over the past year, Wall Street analysts remain moderately bullish about the stock’s prospects.

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FTXG : 23.90 (unch)
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Up 12% in May, Is This Wheat ETF Overbought?

As underlying commodity prices surge, the Teucrium Wheat ETF has experienced a 12% increase in May. The article scrutinizes whether this rapid rise may indicate overbought conditions, offering insights...

WEAT : 6.31 (-1.41%)
ZWN24 : 681-0s (-1.70%)
$SPX : 5,235.48 (-0.60%)
XLK : 209.83 (-2.28%)
Wheat Pulled Lower To Start Thursday Trade

Futures are posting lower trade on Thursday with contracts steady to down 7 cents. The wheat complex slipped lower into the Wednesday close as a stronger dollar and some month end position squaring weighed...

ZWN24 : 681-0s (-1.70%)
ZWU24 : 702-4s (-1.58%)
KEN24 : 709-4s (-1.42%)
KEU24 : 723-4s (-1.40%)
MWN24 : 742-0s (-1.33%)

Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 391-4
1st Resistance Point 391-4
Last Price 391-4s
1st Support Level 391-4
2nd Support Level 391-4
3rd Support Level N/A

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52-Week High 550-0
Fibonacci 61.8% 479-6
Fibonacci 50% 458-0
Fibonacci 38.2% 436-2
Last Price 391-4s
52-Week Low 366-0

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