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Hard Red Wheat Jul '23 (KEN23)

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Hard Red Wheat Futures Market News and Commentary

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 with 5 to 7 ¼ cent gains.

After the close, NASS reported that the US winter wheat crop 17% headed, 4% above the normal pace. Condition ratings for the crop were at 50% gd/ex, a 5% drop on the week. That took the Brugler500 index down 10 points to 336. Ratings averaged in the major HRW states were down 9 points to 336, with SRW states averaging a 3 point increase to 383 on the Brugler500 Index. KS specifically tool 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.

The spring wheat crop was 15% planted, 5% faster than average and also well above last year’s pace. 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 m... Read more

Contract Specifications

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Contract
KC Hard Red Winter Wheat
Contract Size
5,000 bushels
Tick Size
1/4 cent per bushel ($12.50 per contract)
Trading Hours
7:00p.m. - 7:45a.m. and 8:30a.m. - 1:20p.m. (Settles 1:15p.m.) (Sun-Fri) CST
Exchange
KCBT
Point Value
$50
Margin/Maintenance
$2,420/2,200
First Notice Date
06/30/23
Expiration Date
07/14/23 (expired)

Seasonal Chart

Hard Red Wheat Jul '23
Average Price Chart for 5 Prior Jul Contracts

Commitment of Traders Positions as of Apr 16, 2024

View Chart Details
Commercials - Long / Short
118,558 (+4,627)
73,166 (+1,076)
Non-Commercials - Long / Short
60,456 (-2,787)
102,979 (+280)
Producers - Long / Short
42,812 (+965)
60,454 (+324)
Swap Dealers - Long / Short
64,479 (+2,863)
1,445 (-47)
Managed Money - Long / Short
42,848 (-3,358)
92,168 (+1,422)
Other Reportables - Long / Short
17,608 (+571)
10,811 (-1,142)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
784-0 +3.22%
on 06/15/23
891-2 -9.20%
on 06/22/23
+23-4 (+2.99%)
since 06/14/23
3-Month
736-2 +9.92%
on 05/02/23
918-6 -11.92%
on 05/17/23
-54-0 (-6.26%)
since 04/14/23
52-Week
736-2 +9.92%
on 05/02/23
1007-0 -19.64%
on 10/10/22
-36-4 (-4.32%)
since 07/14/22

More Hard Red Wheat Quotes

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Most Recent Stories

More News
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 : 581-6 (+2.02%)
ZWN24 : 599-2 (+2.00%)
KEK24 : 606-4 (+1.51%)
KEN24 : 613-0 (+1.74%)
MWK24 : 664-2 (+1.30%)
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 : 442-4 (+0.63%)
ZCPAUS.CM : 4.2687 (+0.66%)
ZCN24 : 452-2 (+0.56%)
ZCZ24 : 474-2 (+0.37%)
ZCPZ24US.CM : 4.4307 (+0.40%)
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 : 345.8 (+0.29%)
ZLN24 : 45.94 (+0.61%)
ZSK24 : 1166-4 (+0.47%)
ZSPAUS.CM : 11.1409 (+0.53%)
ZSN24 : 1181-6 (+0.45%)
ZSX24 : 1172-6 (+0.09%)
ZSPX24US.CM : 11.1234 (+0.09%)
Chicago SRW Wheat

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

ZWN24 : 599-2 (+2.00%)
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...

Wheat Extending Higher Following Weaker Conditions

The wheat market is trading higher across all three exchanges this morning. They led the grain rally on Monday. Chicago contracts were up 10 to 21 cents across the board. Kansas City futures were 16 ¼...

ZWK24 : 581-6 (+2.02%)
ZWN24 : 599-2 (+2.00%)
KEK24 : 606-4 (+1.51%)
KEN24 : 613-0 (+1.74%)
MWK24 : 664-2 (+1.30%)
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 : 442-4 (+0.63%)
ZCPAUS.CM : 4.2687 (+0.66%)
ZCN24 : 452-2 (+0.56%)
ZCZ24 : 474-2 (+0.37%)
ZCPZ24US.CM : 4.4307 (+0.40%)
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 : 345.8 (+0.29%)
ZLN24 : 45.94 (+0.61%)
ZSK24 : 1166-4 (+0.47%)
ZSPAUS.CM : 11.1409 (+0.53%)
ZSN24 : 1181-6 (+0.45%)
ZSX24 : 1172-6 (+0.09%)
ZSPX24US.CM : 11.1234 (+0.09%)
Pure Hedge - Livestock and Grain

Think of this as Opportunity...

Bullish COF Propels Cattle Higher

Cattle markets surge

Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Soft Signal Strength.

Key Turning Points

3rd Resistance Point 809-2
2nd Resistance Point 809-2
1st Resistance Point 809-2
Last Price 809-2s
1st Support Level 809-2
2nd Support Level 809-2
3rd Support Level 809-2

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52-Week High 1007-0
Fibonacci 61.8% 903-5
Fibonacci 50% 871-5
Fibonacci 38.2% 839-5
Last Price 809-2s
52-Week Low 736-2

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