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Hard Red Wheat Mar '23 (KEH23)

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Hard Red Wheat Futures Market News and Commentary

Wheat Fails to See Green on St. Patrick’s Day

Wheat was under pressure on Tuesday, with losses across the three markets. Chicago SRW futures were 5 ¼ to 8 cents lower on the day. KC HRW futures were 6 ¼ to 9 ¾ cents in the red at the close. MPLS spring wheat was down 7 to 10 cents in the front months on Tuesday. Crude was up $2.52 on the day.

The next week looks dry for much of the Plains from NE to TX, with much of SRW country remaining dry with scattered precip.

The Kansas Crop Progress report from Monday showed winter wheat conditions down 4% to 52% good/excellent, with the Brugler500 index down 9 points to 339. 

EU wheat production was estimated at 142.6 MMT according to Coceral, down 1.3 MMT from the previous estimate. The European Commission estimates the EU wheat exports at 16.77 MMT from July 1 to March 15, up 1.23 MMT from the same period last year.

May 26 CBOT Wheat  closed at $5.89 3/4, down 7 1/2 cents,

Jul 26 CBOT Wheat  closed at $6.00 3/4, down 7 cents,

May 26 KCBT Wheat  close... Read more

Contract Specifications

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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
02/28/23
Expiration Date
03/14/23 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Mar 10, 2026

View Chart Details
Commercials - Long / Short
114,042 (+1,407)
115,536 (+5,392)
Non-Commercials - Long / Short
82,290 (-4,268)
76,242 (-8,503)
Producers - Long / Short
25,222 (+238)
103,597 (+2,866)
Swap Dealers - Long / Short
80,417 (-1,084)
3,536 (+273)
Managed Money - Long / Short
69,553 (-276)
59,619 (-6,775)
Other Reportables - Long / Short
12,737 (-3,992)
16,623 (-1,728)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
786-2 +3.47%
on 03/09/23
915-2 -11.12%
on 02/21/23
-92-4 (-10.21%)
since 02/14/23
3-Month
786-2 +3.47%
on 03/09/23
921-4 -11.72%
on 02/14/23
-36-6 (-4.32%)
since 12/14/22
52-Week
786-2 +3.47%
on 03/09/23
1363-0 -40.32%
on 05/17/22
-207-0 (-20.28%)
since 03/14/22

More Hard Red Wheat Quotes

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Most Recent Stories

More News
Corn Comes Back to Close with Slight Gains on Tuesday

Corn futures rounded out Tuesday trade, with contracts steady to 2 ¼ cents higher, as July slipped ¼ cent. The CmdtyView national average Cash Corn price was steady to $4.11 3/4. Crude was up $2.52 on...

ZCZ26 : 481-6s (+0.36%)
ZCN26 : 465-4s (-0.05%)
ZCK26 : 454-0s (unch)
ZCPZ26US.CM : 4.4148 (+0.40%)
ZCPAUS.CM : 4.1062 (+0.01%)
Soybeans Bounce on Turnaround Tuesday

Soybeans close out the Tuesday session with most contracts 9 to 10 ½ cents in the green, as front months were 1 ¾ to 3 ¾ cents higher. The cmdtyView national average Cash Bean price was up 2 cents at...

ZSPAUS.CM : 10.8181 (+0.19%)
ZLK26 : 65.97s (+3.17%)
ZMK26 : 311.7s (-0.16%)
ZSPX26US.CM : 10.6371 (+1.00%)
ZSX26 : 1131-2s (+0.94%)
ZSK26 : 1157-0s (+0.15%)
ZSN26 : 1171-2s (+0.32%)
Wheat Fails to See Green on St. Patrick’s Day

Wheat was under pressure on Tuesday, with losses across the three markets. Chicago SRW futures were 5 ¼ to 8 cents lower on the day. KC HRW futures were 6 ¼ to 9 ¾ cents in the red at the close. MPLS...

KEN26 : 621-2s (-1.47%)
KEK26 : 606-6s (-1.58%)
MWK26 : 6.2425s (-1.54%)
ZWK26 : 589-6s (-1.26%)
ZWN26 : 600-6s (-1.15%)
Grain Spreads: Wild Swings in Soybeans

Long Term Gameplan Suggested

Ag Markets Finish Green on St Patrick’s Day

Grain markets got hit hard on Monday but were able to stabilize on Tuesday. Headlines and technicals continue to be key drivers in price action. These are the levels we are watching closely this week....

Shootin' the Bull about cattle feeders

Cattle feeders took it upon themselves to bid feeder cattle higher in the face of mounting input costs the past two days. Feed, fuel, and money remain elevated in comparison to just 3 weeks ago.

Soybeans Bouncing Higher on Turnaround Tuesday

Soybeans are showing a bounce on Tuesday, with turnaround action of 6 to 15 cents higher. The cmdtyView national average Cash Bean price is up 6 1/2 cents at $10.86 1/4. Soymeal futures are $0.80 to $1.00...

ZSPAUS.CM : 10.8181 (+0.19%)
ZLK26 : 65.97s (+3.17%)
ZMK26 : 311.7s (-0.16%)
ZSX25 : 1112-6s (-1.70%)
ZSK26 : 1157-0s (+0.15%)
ZSN26 : 1171-2s (+0.32%)
Corn Holding Steady on Tuesday

Corn futures are trading with fractionally mixed action on Tuesday, shrugging off early weakness. The CmdtyView national average Cash Corn price is down 1/2 cent to $4.10. Crude is up $2.52 at midday....

ZCZ25 : 431-4s (-0.86%)
ZCN26 : 465-4s (-0.05%)
ZCK26 : 454-0s (unch)
ZCPAUS.CM : 4.1062 (+0.01%)
Wheat Holding Lower on Tuesday

Wheat is falling lower on so far on Tuesday’s midday. Chicago SRW futures are 5 to 7 cents in the red so far. KC HRW futures are 8 to 10 cents lower at midday. MPLS spring wheat is down 5 to 6 cents...

KEN26 : 621-2s (-1.47%)
KEK26 : 606-6s (-1.58%)
MWK26 : 6.2425s (-1.54%)
ZWK26 : 589-6s (-1.26%)
ZWN26 : 600-6s (-1.15%)
Corn Bouncing on Tuesday Morning

Corn price action is up fractionally to 2 cents so far on Tuesday morning. Futures posted 12 to 13 1/4 cent losses in the nearbys on Monday. Preliminary open interest was down 23,389 contracts on Monday...

ZCZ25 : 431-4s (-0.86%)
ZCN26 : 465-4s (-0.05%)
ZCK26 : 454-0s (unch)
ZCPAUS.CM : 4.1062 (+0.01%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 813-4
2nd Resistance Point 813-4
1st Resistance Point 813-4
Last Price 813-4s
1st Support Level 813-4
2nd Support Level 813-4
3rd Support Level 813-4

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52-Week High 1363-0
Fibonacci 61.8% 1142-5
Fibonacci 50% 1074-5
Fibonacci 38.2% 1006-5
Last Price 813-4s
52-Week Low 786-2

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