Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
Stocks | Futures | Watchlist | News | More
or
Faster, Cleaner, Better.

Hard Red Winter Wheat Dec '25 (KEZ25)

[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [CBOT]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
[[ rootItem.symbol ]]underlying price [[ rootItem.lastPrice ]] [[ rootItem.priceChange ]] ([[ rootItem.percentChange ]]) [[ rootItem.tradeTime ]]
Quote Overview for [[ item.sessionDateDisplayLong ]]
[[ rowChartData.labelLow ]]
[[ rowChartData.lowPriceFormatted ]]
[[ rowChartData.lowPrice ]]
[[ rowChartData.labelHigh ]]
[[ rowChartData.highPriceFormatted ]]
[[ rowChartData.highPrice ]]
since [[ rowChartData.lowDate ]]
since [[ rowChartData.highDate ]]
[[ value ]] [[ value ]]

Hard Red Winter Wheat Futures Market News and Commentary

Wheat Leads the Grain Rally on Friday

The wheat complex rallied across all three markets on Friday, to lead the grain complex. Chicago SRW futures posted 15 to 19 ½ cent gains on Friday, with May up 11 ¼ cents. KC HRW futures were 17 to 21 ¼ cents in the green, as May was still down 4 ¾ cents this week. MPLS spring wheat was 8 to 15 3/4 cents higher in most contracts, with May up 12 ¾ cents. Short covering was noted to close out February.

Commitments of Traders data from Friday indicated managed money slashing 50,740 contracts from their net short position in CBT wheat as of Tuesday, taking it to 17,297 contracts. That is the smallest that position has been since October 2022. Spec funds in KC wheat held their first net long position since August 2023, flipping it by 14,813 contracts to a net long of 4,204 contracts.

Weekly Export Sales for the week of 2/19 has the export commitment total at 22.998 MMT, 14% ahead of the same period last year. That is 94% of USDA’s export estimate and slightly behind the 96%... Read more

Contract Specifications

See More
Contract
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
CBOT
Point Value
$50
Margin/Maintenance
$1,760/1,600
First Notice Date
11/28/25
Expiration Date
12/12/25 (expired)

Seasonal Chart

Hard Red Winter Wheat Dec '25
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Feb 24, 2026

View Chart Details
Commercials - Long / Short
115,791 (-8,182)
121,531 (+9,565)
Non-Commercials - Long / Short
93,424 (+9,097)
85,158 (-6,332)
Producers - Long / Short
27,989 (-10,776)
110,874 (+9,314)
Swap Dealers - Long / Short
80,647 (+2,881)
3,502 (+538)
Managed Money - Long / Short
75,041 (+6,649)
68,741 (-10,746)
Other Reportables - Long / Short
18,383 (+2,448)
16,417 (+4,414)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

See More
Period Period Low Period High Performance
1-Month
498-6 unch
on 12/12/25
534-0 -6.60%
on 11/14/25
-26-6 (-5.09%)
since 11/12/25
3-Month
477-2 +4.50%
on 10/14/25
540-0 -7.64%
on 11/05/25
-16-0 (-3.11%)
since 09/12/25
52-Week
477-2 +4.50%
on 10/14/25
682-6 -26.95%
on 02/19/25
-107-2 (-17.70%)
since 12/12/24

More Hard Red Winter Wheat Quotes

All Futures Prices
Please wait...

Most Recent Stories

More News
Funds buy commodities amid tensions while cattle rally stalls

US & Israel attack Iran overnight

How Professional Traders Use Calendar Spreads to Reduce Volatility and Improve Consistency

Professional traders often rely on calendar spreads to reduce directional volatility and improve consistency by trading relationships rather than outright price movements.

Cattle Futures Crash

Markets break down as February ends badly

"El Niño neutral” or El Niño: Impact on grains and global commodity markets

Jim's big question here is: "Will there be an El Niño summer?"

CCK26 : 2,888s (-5.71%)
SBK26 : 13.89s (-0.43%)
SOYB : 23.82 (+0.34%)
CORN : 17.89 (+0.85%)
KCK26 : 280.75s (-0.55%)
KEN26 : 593-4s (+3.04%)
WEAT : 22.57 (+2.97%)
ZCN26 : 456-0s (+1.05%)
CANE : 9.29 (-0.32%)
ZSK26 : 1170-6s (+0.62%)
ZWK26 : 591-4s (+2.96%)
Wheat Leads the Grain Rally on Friday

The wheat complex rallied across all three markets on Friday, to lead the grain complex. Chicago SRW futures posted 15 to 19 ½ cent gains on Friday, with May up 11 ¼ cents. KC HRW futures were 17 to...

KEK26 : 580-4s (+3.25%)
KEH26 : 572-6s (+3.85%)
MWH26 : 5.9925s (+2.70%)
ZWH26 : 591-2s (+3.41%)
ZWK26 : 591-4s (+2.96%)
Soybeans Finds Late Strength to Post Gains on Friday

Soybeans posted Friday gains of 6 to 10 cents in the nearby contracts, as May was up 17 ½ cents on the week. November was up 13 ¼ cents on the week. The cmdtyView national average Cash Bean price was...

ZSPAUS.CM : 10.9306 (+0.86%)
ZLK26 : 61.85s (+0.15%)
ZMK26 : 320.5s (-0.12%)
ZSX25 : 1112-6s (-1.70%)
ZSH26 : 1157-2s (+0.83%)
ZSK26 : 1170-6s (+0.62%)
Corn Posts Friday Rally to Close February

Corn futures posted gains of 4 to 5 ½ cents across the front months on Friday, as May managed an 8 ¾ cent gain this week. The CmdtyView national averageCash Corn price was up 5 3/4 cents to $4.06 1/4....

ZCZ25 : 431-4s (-0.86%)
ZCK26 : 448-4s (+1.13%)
ZCH26 : 438-6s (+1.27%)
ZCPAUS.CM : 4.0632 (+1.46%)
Grain Spreads: Lock in 4.80 Corn

Old Crop Hedge Idea

Shootin' the Bull about doing such a great job, everyone wants to join in

Lastly, cattlemen have bid inventory to levels that have encouraged other producers, outside of the US, to increase production capabilities.

Agricultural Prices

Agricultural Prices - 2026-02-27

KGK26 : 0.6561s (+0.38%)
ZSK26 : 1170-6s (+0.62%)
KIH26 : 296.00s (unch)
XBM26 : 197.25s (+2.33%)
KOK26 : 4,042s (+0.92%)
SWK26 : 407.70s (-0.05%)
ZSBAUS.CM : -0.6418 (-0.19%)
ZOK26 : 319-6s (+0.24%)
BJG26 : 1.4330s (unch)
ZMK26 : 320.5s (-0.12%)
MLK26 : 201.50s (+1.90%)
ZCK26 : 448-4s (+1.13%)

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Weak Signal Strength.

Key Turning Points

3rd Resistance Point 504-1
2nd Resistance Point 503-1
1st Resistance Point 500-7
Last Price 498-6s
1st Support Level 497-5
2nd Support Level 496-5
3rd Support Level 494-3

See More

52-Week High 682-6
Fibonacci 61.8% 604-2
Fibonacci 50% 580-0
Fibonacci 38.2% 555-6
Last Price 498-6s
52-Week Low 477-2

See More

Solutions for Grain Market Professionals barchart.com/cmdty
Commodity Price Reports
Get Free Access!
cmdtyView for Ag marketers and merchandisers
Start Free Trial
We help Agribusinesses make better decisions
Learn Now
Want to use this as
your default charts setting?
Save this setup as a Chart Templates
Switch the Market flag
for targeted data from your country of choice.
Open the menu and switch the
Market flag for targeted data from your country of choice.
Want Streaming Chart Updates?
Switch your Site Preferences
to use Interactive Charts
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.
Use your up/down arrows to move through the symbols.
Free Barchart Webinar