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Wheat Pit May '15 (WK15)

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Wheat (Pit) Futures Market News and Commentary

Wheat Leads Bull Charge For Second Day In a Row

The wheat complex continued this week’s rally on Tuesday. Chicago contracts were up 8 to 15 ¼ cents on the day. Kansas City posted gains of 8 ½ to 11 ¾ cents at the close. MPLS was 6 ¼ to 10 ¾ cents higher across most contracts.

NASS reported condition ratings averaged in the major HRW states down 9 points to 336, with SRW states averaging a 3 point increase to 383 on the Brugler500 Index. KS specifically took a hit, down 18 points, with OK 16 points lower and TX down 7. A major increase was seen in SD, up 11 points, with IL 9 points higher. For the spring wheat, planting pace in MN was 18% complete by Sunday, 15% faster than normal, with ND reported at 7% vs. the 5% average. The only of the major 6 states to lag was MT, 3% back of the 5-year average. 

Taiwan is tendering for 106,675 MT of US wheat, with the offers due on Thursday. Algeria is seeking 50,000 MT of durum wheat. 

May 24 CBOT Wheat  closed at $5.85, up 14 3/4 cents,

Jul 24 CBOT Wheat  closed at $... Read more

Contract Specifications

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Contract
Chicago Soft Red Winter Wheat [Pit]
Contract Size
5,000 bushels
Tick Size
1/4 cent per bushel ($12.50 per contract)
Trading Hours
8:30a.m. - 1:15p.m. CST
Exchange
CBOT
Point Value
$50
Margin/Maintenance
$1,430/1,300
First Notice Date
04/30/15
Expiration Date
05/14/15 (expired)

Seasonal Chart

Wheat Pit May '15
Average Price Chart for 5 Prior Pit 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
464-0 +8.14%
on 05/06/15
501-6 unch
on 05/14/15
+4-6 (+0.96%)
since 04/14/15
3-Month
464-0 +8.14%
on 05/06/15
536-2 -6.43%
on 04/02/15
-27-4 (-5.20%)
since 02/13/15
52-Week
464-0 +8.14%
on 05/06/15
737-4 -31.97%
on 05/15/14
-235-6 (-31.97%)
since 05/14/14

More Wheat (Pit) Quotes

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Most Recent Stories

More News
Corn Futures Fight for Gains on Tuesday

The Tuesday action in the corn market saw futures close mixed with 24/25 strength, up 1 ¼ to 3 ¼ cents Contracts for the ’25 crop and beyond were fractionally to 1 ¾ cents lower. Monday afternoon’s...

ZCK24 : 443-0s (+0.74%)
ZCPAUS.CM : 4.2744 (+0.79%)
ZCN24 : 452-4s (+0.61%)
ZCZ24 : 474-6s (+0.48%)
ZCPZ24US.CM : 4.4357 (+0.52%)
Soybeans Post Gains with Planting Delays Expected Later This Week

Soybean futures posted gains of as little as fractionally to as much as 6 ¼ cents on Tuesday. Soymeal turned around on midday weakness to close with contracts up 90 cents to $1.40/ton, with Soy Oil rallying...

ZMN24 : 346.1s (+0.38%)
ZLN24 : 45.88s (+0.48%)
ZSK24 : 1167-4s (+0.56%)
ZSPAUS.CM : 11.1526 (+0.63%)
ZSN24 : 1182-0s (+0.47%)
ZSX24 : 1174-0s (+0.19%)
ZSPX24US.CM : 11.1362 (+0.20%)
Wheat Leads Bull Charge For Second Day In a Row

The wheat complex continued this week’s rally on Tuesday. Chicago contracts were up 8 to 15 ¼ cents on the day. Kansas City posted gains of 8 ½ to 11 ¾ cents at the close. MPLS was 6 ¼ to 10 ¾ cents...

ZWK24 : 585-0s (+2.59%)
ZWN24 : 602-6s (+2.60%)
KEK24 : 608-6s (+1.88%)
KEN24 : 614-2s (+1.95%)
MWK24 : 666-4s (+1.64%)
Wheat Extending Strength on Deteriorating Crop Conditions

The wheat market is continuing the push higher at midday. Chicago contracts are 7 to 10 cents higher so far. Kansas City is trading 8 to 9 ½ cents in the green. MPLS is bringing up the rear, but still...

ZWK24 : 585-0s (+2.59%)
ZWN24 : 602-6s (+2.60%)
KEK24 : 608-6s (+1.88%)
KEN24 : 614-2s (+1.95%)
MWK24 : 666-4s (+1.64%)
Corn Turning Overnight Weakness to Midday Strength

Corn futures are pushing higher across the front months on Tuesday. Contracts are up 1 to 3 cents so far, extending the Monday strength. Monday afternoon’s Crop Progress report showed planting progressing...

ZCK24 : 443-0s (+0.74%)
ZCPAUS.CM : 4.2744 (+0.79%)
ZCN24 : 452-4s (+0.61%)
ZCZ24 : 474-6s (+0.48%)
ZCPZ24US.CM : 4.4357 (+0.52%)
Soybeans Slightly Higher on Tuesday

Soybean futures are up anywhere from fractionally in the new crop months to 4 cents in the nearbys at midday. Soymeal is down 20 cents to $1 so far, with Soy Oil showing 28 to 30 point gains. Soybean planting...

ZMN24 : 346.1s (+0.38%)
ZLN24 : 45.88s (+0.48%)
ZSK24 : 1167-4s (+0.56%)
ZSPAUS.CM : 11.1526 (+0.63%)
ZSN24 : 1182-0s (+0.47%)
ZSX24 : 1174-0s (+0.19%)
ZSPX24US.CM : 11.1362 (+0.20%)
Chicago SRW Wheat

An analysis of Chicago SRW Wheat to assist traders and farmers with grain marketing.

ZWN24 : 602-6s (+2.60%)
No Bull | The Five Spot

#5 | New Heights Cocoa and copper continued to make a run for it last week, especially cocoa which traded above $12,000/tonne briefly on Friday before settling at $11,878 - nearly $5.00 per pound! Everyone's...

Corn Slightly Lower To Start Tuesday

Corn is showing fractional to 1 ½ cent losses to start your Tuesday. Futures were up 3 to 6 ¾ cents on a combination of factors including damage to the Pivdennyi port facilities in Ukraine, and strong...

ZCK24 : 443-0s (+0.74%)
ZCPAUS.CM : 4.2744 (+0.79%)
ZCN24 : 452-4s (+0.61%)
ZCZ24 : 474-6s (+0.48%)
ZCPZ24US.CM : 4.4357 (+0.52%)
Soybeans Pulling Back to Start Tuesday Trade

Overnight trade in the bean market has futures 2 to 3 cents lower Soybeans were up 8 ½ to 11 ¾ at the close on Monday. Soymeal was up 60 cents to $2.10 on the day to support beans via higher product...

ZMN24 : 346.1s (+0.38%)
ZLN24 : 45.88s (+0.48%)
ZSK24 : 1167-4s (+0.56%)
ZSPAUS.CM : 11.1526 (+0.63%)
ZSN24 : 1182-0s (+0.47%)
ZSX24 : 1174-0s (+0.19%)
ZSPX24US.CM : 11.1362 (+0.20%)

Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 515-5
1st Resistance Point 508-5
Last Price 501-6s
1st Support Level 487-7
2nd Support Level 474-1
3rd Support Level N/A

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52-Week High 737-4
Fibonacci 61.8% 633-0
Fibonacci 50% 600-6
Fibonacci 38.2% 568-4
Last Price 501-6s
52-Week Low 464-0

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