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Hard Red Winter Wheat May '26 (KEK26)

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Hard Red Winter Wheat Futures Market News and Commentary

Wheat Futures Hanging On to Most of Wednesday’s Rally

Wheat futures are fading at midday, down 4 to 5 cents but holding on to most of the Wednesday rally. The wheat complex was in rally mode on Wednesday, with potential restrictions on Russian exports out of the Black Sea. Chicago SRW contracts were mostly 26 to 32 1/2 cents in the green at the close. Open interest was up 8,0880 contracts, suggesting new buying interest. KC HRW futures were up 23 ¾ to 42 cents, after hitting the 45 cent daily limit during the session. Open interest was up 6,479 contracts. MPLS spring wheat was 22 to 27 1/4 cents higher on the day.

Russia and Ukraine continue to trade punches in the Black Sea and the Sea of Azov, with Russia striking a vessel and port infrastructure in Odesa (Ukraine’s main export port). Chornomorsk in particular was seeing some grain handling restrictions. Ukraine struck Russian oil refineries and claimed hits on at least 5 oil tankers.

The weekly USDA Export Sales report was released this morning, with a total of just 235,... 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
$1,870/1,700
First Notice Date
04/30/26
Expiration Date
05/14/26 (expired)

Seasonal Chart

Hard Red Winter Wheat May '26
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of Jul 7, 2026

View Chart Details
Commercials - Long / Short
113,072 (+1,261)
103,724 (+6,230)
Non-Commercials - Long / Short
70,054 (+3,656)
76,067 (-670)
Producers - Long / Short
28,793 (+1,003)
97,343 (+7,973)
Swap Dealers - Long / Short
81,998 (+1,735)
4,100 (-266)
Managed Money - Long / Short
63,305 (+3,735)
54,576 (-32)
Other Reportables - Long / Short
6,749 (-79)
21,491 (-638)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
614-4 +14.36%
on 04/15/26
721-2 -2.56%
on 05/12/26
+80-0 (+12.85%)
since 04/14/26
3-Month
545-6 +28.77%
on 02/17/26
721-2 -2.56%
on 05/12/26
+149-0 (+26.91%)
since 02/13/26
52-Week
513-2 +36.92%
on 10/14/25
721-2 -2.56%
on 05/12/26
+113-0 (+19.16%)
since 05/14/25

More Hard Red Winter Wheat Quotes

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Most Recent Stories

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There is a lot to say, but not much of what anyone wants to hear.

Wheat Futures Hanging On to Most of Wednesday’s Rally

Wheat futures are fading at midday, down 4 to 5 cents but holding on to most of the Wednesday rally. The wheat complex was in rally mode on Wednesday, with potential restrictions on Russian exports out...

KEZ26 : 731-2s (-0.27%)
KEU26 : 716-4s (-0.49%)
MWU26 : 6.8525s (+0.29%)
ZWU26 : 674-6s (-0.41%)
ZWZ26 : 691-0s (-0.14%)
Corn Market Fading Wednesday Gains at Midday

Corn prices are down 5 to 8 cents at midday on Thursday amid a sharp slide in overall ag commodity prices and poor weekly export sales numbers. Futures had posted gains of 5 to 9 cents yesterday, getting...

ZCZ25 : 431-4s (-0.86%)
ZCZ26 : 464-0s (-1.17%)
ZCU26 : 441-4s (-1.34%)
ZCPZ25US.CM : 3.9584 (-0.11%)
ZCPAUS.CM : 4.0973 (-1.63%)
Soybeans Give Back Early Session Gains on Thursday

Soybean futures are trading 5 to 6 cents lower at midday on profit taking after the rally on Wednesday had boosted prices above the $12 round number resistance. Futures settled 7 ½ to 11 cents higher...

ZSPAUS.CM : 11.4940 (-0.57%)
ZLZ26 : 70.57s (-0.52%)
ZMZ26 : 322.4s (+0.75%)
ZSX25 : 1112-6s (-1.70%)
ZSQ26 : 1195-0s (-0.60%)
ZSU26 : 1185-2s (-0.59%)
ZSPX25US.CM : 10.6475 (+0.02%)
CBOT SRW Wheat: Technical Reversal & Pullback

Technical analysis of CBOT SRW wheat explores today's reversal candle and short squeeze. See how this 1-4 day pullback impacts Prairie grain markets.

ZWU26 : 674-6s (-0.41%)
Soybean Prices Are Set to Challenge Their May High. 1 Trade to Make Here.

November soybean futures present a buying opportunity on more price strength.

ZSX26 : 1195-0s (-0.56%)
ZSX26 : 1195-0s (-0.56%)
Wheat Showing Modest Thursday Morning Gains

Wheat is continuing its climb on Thursday morning, with contracts fractionally to 4 cents higher across the three exchanges. The wheat complex was in rally mode leading to the grains higher on Wednesday,...

KEZ26 : 731-2s (-0.27%)
KEU26 : 716-4s (-0.49%)
MWU26 : 6.8525s (+0.29%)
ZWU26 : 674-6s (-0.41%)
ZWZ26 : 691-0s (-0.14%)
Soybeans Posting Early Thursday Gains

Soybeans are trading with Thursday morning gains or 3 to 5 cents. Futures were up 7 ½ to 11 cents at the Wednesday close. Open interest data suggested modest new buying interest, rising 3,344 contracts....

ZSPAUS.CM : 11.4940 (-0.57%)
ZLZ26 : 70.57s (-0.52%)
ZMZ26 : 322.4s (+0.75%)
ZSPX26US.CM : 11.3175 (-0.58%)
ZSX26 : 1195-0s (-0.56%)
ZSQ26 : 1195-0s (-0.60%)
ZSU26 : 1185-2s (-0.59%)
Corn Extending Strength to Thursday AM Trade

Corn price action is up 2 to 3 cents so far on Thursday morning. Futures posted gains of 5 to 9 cents across the board at the close on Wednesday, getting spillover support from near limit gains in wheat....

ZCZ26 : 464-0s (-1.17%)
ZCZ26 : 464-0s (-1.17%)
ZCU26 : 441-4s (-1.34%)
ZCPZ26US.CM : 4.2643 (-1.37%)
ZCPAUS.CM : 4.0973 (-1.63%)
The Grain Train Left the Station Yesterday. How Much More Upside is Left?

Corn, soybean, and wheat futures surged higher in yesterday's trade with momentum continuing in the overnight and early morning trade. How much upside is left?

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 702-6
2nd Resistance Point 702-6
1st Resistance Point 702-6
Last Price 702-6s
1st Support Level 702-6
2nd Support Level 702-6
3rd Support Level 702-6

See More

52-Week High 721-2
Last Price 702-6s
Fibonacci 61.8% 641-6
Fibonacci 50% 617-2
Fibonacci 38.2% 592-6
52-Week Low 513-2

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