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Hard Red Wheat Dec '17 (KEZ17)

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Hard Red Wheat Futures Market News and Commentary

Wheat Heads into the Weekend Mixed

The wheat complex saw mixed action across the three markets on Friday.Chicago SRW futures were up fractionally to 3 cents on the day, as December was down 26 ¼ cents this week. KC HRW posted fractional to 1 cent losses across the board, with Dec dropping 36 cents since last Friday. MPLS spring wheat closed with Dec up ¼ and the rest of the board steady to 1 ¾ cents lower, as December was down 27 ½ cents this week.

Friday afternoon’s Commitment of Traders report showed specs in Chicago wheat futures and options trimming back 4,364 contracts from their net short position as of Tuesday to 25,033 contracts. In KC wheat, they parred back 1,024 contracts from their net short to 17,486 contracts.

Thursday morning’s Export Sales report showed all export commitments for wheat are now 11.093 MMT, which is 28% above the same time last year and a 4-year high. That is 49% of the USDA export projection, with the 5-year average pace at 52%.

Ukraine’s ag ministry pegs the 2024/25... 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
$2,090/1,900
First Notice Date
11/30/17
Expiration Date
12/14/17 (expired)

Seasonal Chart

Hard Red Wheat Dec '17
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Sep 17, 2024

View Chart Details
Commercials - Long / Short
98,730 (+206)
89,915 (+2,029)
Non-Commercials - Long / Short
69,804 (-2,774)
75,792 (-3,520)
Producers - Long / Short
30,802 (-671)
81,714 (+1,706)
Swap Dealers - Long / Short
63,589 (+710)
3,862 (+156)
Managed Money - Long / Short
47,000 (-2,982)
63,756 (-4,048)
Other Reportables - Long / Short
22,804 (+208)
12,036 (+528)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
394-0 +2.16%
on 12/12/17
428-4 -6.07%
on 11/15/17
-25-4 (-5.96%)
since 11/14/17
3-Month
394-0 +2.16%
on 12/12/17
460-2 -12.55%
on 09/26/17
-39-4 (-8.94%)
since 09/14/17
52-Week
394-0 +2.16%
on 12/12/17
602-0 -33.14%
on 07/05/17
-73-2 (-15.40%)
since 12/14/16

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Corn Fall into Friday’s Close

Corn futures rounded out the Friday session with losses of 2 to 4 ¼ cents and near the session lows. December was down 11 ½ cents on the week. The national average Cash Corn price from cmdtyView is down...

ZCPAUS.CM : 3.6822 (-0.97%)
ZCZ24 : 401-6s (-0.99%)
ZCZ24 : 401-6s (-0.99%)
ZCH25 : 420-0s (-1.00%)
Soybeans Close on the Lower Side on Unchanged

Soybeans ended the Friday session with slight 1 ¼ to 5 cent losses, as midday gains failed to hold. November managed to close 5 ¾ cents higher week/week. CmdtyView’s national front month Cash Bean...

ZLZ24 : 41.36s (+1.05%)
ZMZ24 : 319.2s (-0.75%)
ZSPAUS.CM : 9.5036 (-0.11%)
ZSX24 : 1012-0s (-0.12%)
ZSX24 : 1012-0s (-0.12%)
ZSF25 : 1029-4s (-0.17%)
Wheat Heads into the Weekend Mixed

The wheat complex saw mixed action across the three markets on Friday.Chicago SRW futures were up fractionally to 3 cents on the day, as December was down 26 ¼ cents this week. KC HRW posted fractional...

KEH25 : 577-4s (-0.13%)
MWZ24 : 608-0s (+0.04%)
KEZ24 : 564-0s (-0.09%)
ZWZ24 : 568-4s (+0.53%)
ZWH25 : 587-4s (+0.43%)
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Corn Posting Losses at Midday

Corn futures are trading at Friday’s midday with losses of 2 to 3 ½ cents. The national average Cash Corn price from cmdtyView is down 2 ¾ cents at $3.69 per bu. Thursday morning's Export Sales report...

ZCPAUS.CM : 3.6822 (-0.97%)
ZCZ24 : 401-6s (-0.99%)
ZCZ24 : 401-6s (-0.99%)
ZCH25 : 420-0s (-1.00%)
ZCPZ24US.CM : 3.7519 (-1.12%)
Soybeans Pulling Off Early Session Lows

Soybeans are trading 2 to 3 ¼ cents lower so far on Friday, with midday action well off the early double digit losses. CmdtyView’s national front month Cash Bean price is dow 3 cents at $9.48 1/2. Soymeal...

ZLZ24 : 41.36s (+1.05%)
ZMZ24 : 319.2s (-0.75%)
ZSPX24US.CM : 9.5359 (-0.08%)
ZSPAUS.CM : 9.5036 (-0.11%)
ZSX24 : 1012-0s (-0.12%)
ZSX24 : 1012-0s (-0.12%)
ZSF25 : 1029-4s (-0.17%)
Wheat Posting Mixed Midday Action

The wheat complex is trading with mixed feelings across the three markets at Friday’s midday.Chicago SRW futures are up 2 to 3 cents so far on the day. KC HRW are trading with fractional losses across...

KEH25 : 577-4s (-0.13%)
MWZ24 : 608-0s (+0.04%)
KEZ24 : 564-0s (-0.09%)
ZWZ24 : 568-4s (+0.53%)
ZWH25 : 587-4s (+0.43%)

Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 402-4
1st Resistance Point 402-4
Last Price 402-4s
1st Support Level 402-4
2nd Support Level 402-4
3rd Support Level N/A

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52-Week High 602-0
Fibonacci 61.8% 522-4
Fibonacci 50% 498-0
Fibonacci 38.2% 473-4
Last Price 402-4s
52-Week Low 394-0

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