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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 Trading Mixed at Midday

The wheat complex is mixed on Thursday. Chicago SRW contracts are fractionally higher at midday. Open interest dropped 11,876 contracts on Wednesday. KC HRW futures are down 1 to 2 cents in most contracts on Thursday. MPLS spring wheat was mixed, with contracts up ¼ cent to 3 3/4 cents lower. 

Export Sales data was released this morning, with USDA showing 504,489 MT of wheat sold in the week of 6/18, near the top end of estimates of 250,000 to 600,000 MT. That was 25.86% above the week prior and nearly double the same week last year.

Monthly International Grains Council data showed 2026/27 world wheat production estimated at 821 MMT, up 1 MMT from last month. New crop stocks were down 2 MMT to 280 MMT, as old crop was trimmed by 2 MMT to 286 MMT.

European Commission data showed EU wheat stocks for 2026/27 projected at 13.8 MMT, down 0.3 MMT from last month, with a 0.6 MMT drop in production to 126.3 MMT.

Jul 26 CBOT Wheat  is at $5.86, up 1/4 cent,

Sep... 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
$2,200/2,000
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 Jun 16, 2026

View Chart Details
Commercials - Long / Short
128,177 (-4,617)
116,082 (+3,864)
Non-Commercials - Long / Short
65,912 (+4,637)
75,150 (-7,388)
Producers - Long / Short
33,378 (-9,765)
93,855 (-6,038)
Swap Dealers - Long / Short
79,253 (-4,570)
6,681 (+184)
Managed Money - Long / Short
59,034 (+5,686)
50,671 (-6,675)
Other Reportables - Long / Short
6,878 (-1,049)
24,479 (-713)
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

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Wheat Fades Back on Wednesday

The wheat complex saw contracts fade lower on Wednesday. Chicago SRW contracts were steady to a penny lower at the close. KC HRW futures saw nearby July down a penny, with other contracts fractionally...

KEU26 : 630-4s (+0.80%)
KEN26 : 620-4s (+0.53%)
MWN26 : 5.8725s (+0.51%)
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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

See More

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