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Wheat May '27 (ZWK27)

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Wheat Futures Market News and Commentary

Wheat Bounce Higher into the Weekend

The wheat complex is trading with gains across the three markets on Friday. Chicago SRW futures were up 5 3/4 to 7 3/4 cents higher to round out the week, with July down 18 ¾ cents from last Friday. KC HRW futures were 7 3/4 to 11 1/4 cents in the green on Friday, as July fell 18 ¾ cents on the week. MPLS spring wheat posted 4 ¾ to 7 ¼ cent gains at the close, with July falling 25 ½ cents this week. 

CFTC data showed managed money flipping back to a net short position of 9,903 contracts in CBT wheat futures and options by a move of 20,567 contracts. In KC wheat futures and options, specs were adding another 7,245 contracts to their net long to 37,869 contracts.

USDA’s Export Sales report has the total commitments for old crop wheat sales at 24.94 MMT, which is 15% larger yr/yr. That is 102% of the USDA estimate and near the 103% average sales pace. Actual shipments are 22.056 MMT, 90% of the USDA number and 1 percentage point behind normal.

Tuesday will see the rel... Read more

Contract Specifications

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Contract
Chicago Soft 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
$2,035/1,850
First Notice Date
04/30/27 (355 days)
Expiration Date
05/14/27 (369 days)

Seasonal Chart

Wheat May '27
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of May 5, 2026

View Chart Details
Commercials - Long / Short
137,098 (+10,355)
128,673 (-1,103)
Non-Commercials - Long / Short
128,830 (-3,506)
145,498 (+14,028)
Producers - Long / Short
34,192 (+6,290)
102,379 (+1,102)
Swap Dealers - Long / Short
96,942 (+3,962)
20,330 (-2,308)
Managed Money - Long / Short
98,031 (-6,955)
107,064 (+13,803)
Other Reportables - Long / Short
30,799 (+3,449)
38,434 (+225)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
631-6 +7.87%
on 04/10/26
721-0 -5.48%
on 04/29/26
+35-4 (+5.50%)
since 04/08/26
3-Month
600-2 +13.54%
on 02/09/26
721-0 -5.48%
on 04/29/26
+77-4 (+12.83%)
since 02/06/26
52-Week
581-6 +17.15%
on 12/17/25
721-0 -5.48%
on 04/29/26
+34-4 (+5.33%)
since 05/08/25

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Corn futures closed the Friday session with contracts up 3 to 4 ½ cents across the board, as July was down 9 cents on the week, with December losing 5 ½ cents. The CmdtyView national average Cash Corn...

ZCZ26 : 493-4s (+0.82%)
ZCN26 : 471-2s (+0.80%)
ZCK26 : 456-2s (+0.77%)
ZCPZ26US.CM : 4.5546 (+0.92%)
ZCPAUS.CM : 4.2961 (+0.90%)
Wheat Bounce Higher into the Weekend

The wheat complex is trading with gains across the three markets on Friday. Chicago SRW futures were up 5 3/4 to 7 3/4 cents higher to round out the week, with July down 18 ¾ cents from last Friday. KC...

KEN26 : 675-6s (+1.27%)
KEK26 : 672-4s (+2.71%)
MWK26 : 6.6975s (+0.83%)
ZWK26 : 607-4s (+0.96%)
ZWN26 : 619-0s (+1.10%)
Soybeans Recover Higher on Friday

Soybeans were back to higher trade on Friday, with contracts 10 to 17 ¼ cents in the green at the close. July was 4 ¾ cents higher on the week, with November up 6 ¾ cents. The cmdtyView national average...

ZSPAUS.CM : 11.4046 (+1.40%)
ZLN26 : 74.32s (+0.23%)
ZMN26 : 319.7s (+0.25%)
ZSPX26US.CM : 11.2275 (+1.45%)
ZSX26 : 1189-4s (+1.36%)
ZSK26 : 1194-2s (+1.47%)
ZSN26 : 1208-0s (+1.32%)
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Wheat Bouncing on Friday

The wheat complex is trading with gains across the three markets on Friday. Chicago SRW futures are up 4 to 7 cents higher to round out the week. KC HRW futures are 4 to 9 cents in the green so far on...

KEN26 : 675-6s (+1.27%)
KEK26 : 672-4s (+2.71%)
MWK26 : 6.6975s (+0.83%)
ZWK26 : 607-4s (+0.96%)
ZWN26 : 619-0s (+1.10%)
Soybeans Back to Higher Trade on Friday

Soybeans are trading with 16 to 17 cent gains in front months on Friday. There were 100 deliveries issued for May beans overnight. The cmdtyView national average Cash Bean price is up 17 cents at $11.42...

ZSPAUS.CM : 11.4046 (+1.40%)
ZLN26 : 74.32s (+0.23%)
ZMN26 : 319.7s (+0.25%)
ZSPX26US.CM : 11.2275 (+1.45%)
ZSX26 : 1189-4s (+1.36%)
ZSK26 : 1194-2s (+1.47%)
ZSN26 : 1208-0s (+1.32%)
Corn Taking Back Some Losses into Friday’s Midday

Corn futures are trading with 3 to 5 cent gains most contracts on Friday. The CmdtyView national average Cash Corn price is up 4 ¼ cents to $4.30. USDA’s Export Sales data has marketing year corn export...

ZCZ26 : 493-4s (+0.82%)
ZCN26 : 471-2s (+0.80%)
ZCK26 : 456-2s (+0.77%)
ZCPZ26US.CM : 4.5546 (+0.92%)
ZCPAUS.CM : 4.2961 (+0.90%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 695-7
2nd Resistance Point 689-1
1st Resistance Point 685-3
Last Price 681-4s
1st Support Level 674-7
2nd Support Level 668-1
3rd Support Level 664-3

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52-Week High 721-0
Last Price 681-4s
Fibonacci 61.8% 667-6
Fibonacci 50% 651-3
Fibonacci 38.2% 635-0
52-Week Low 581-6

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