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Hard Red Wheat Jul '23 (KEN23)

809-2s +2-0 (+0.25%) 07/14/23 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Overview for Fri, Jul 14th, 2023
Day Low
809-2
Day High
809-2
Open 0-0
Previous Close 807-2 807-2
Volume 16 16
Open Interest 0 0
Stochastic %K 16.26% 16.26%
Weighted Alpha -6.67 -6.67
5-Day Change -8-2 (-1.01%) -8-2 (-1.01%)
52-Week Range 736-2 - 1007-0 736-2 - 1007-0
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Hard Red Wheat Futures Market News and Commentary

Wheat Turns to Close Mostly Higher on Thursday

Wheat is mixed at midday, as most contracts are sticking close to unchanged on Thursday. Chicago SRW futures posted gains of 2 to 3 cents across most contracts. Kansas City HRW contracts were up 1 to 2 cents in the nearbys on Thursday. Minneapolis spring wheat futures were mixed, with July up 1 ¾ cents and other contracts lower.

Rains in much of southern KS, OK, and TX in the next week may put a slowdown in much early harvest activity.

USDA’s Export Sales report from morning showed net reductions of 49,114 MT in the last full week of the 2024/25 MY. That was in the middle of analysts’ estimates calling for 200,000 MT in net reduction to 100,00 MT in sales. New crop was tallied at 444,857 MT, in the lower half of the at 300,000 to 800,000 MT estimates. That was also a 5-week low for 2025/26 sales. Much of the new crop business was to unknown destinations at 140,500 MT, wit 131,000 MT purchased by Nigeria, and Mexico buying 108,400 MT. 

Monthly wheat exports totaled... 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
$1,925/1,750
First Notice Date
06/30/23
Expiration Date
07/14/23 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of May 27, 2025

View Chart Details
Commercials - Long / Short
139,797 (+4,560)
81,818 (+2,691)
Non-Commercials - Long / Short
58,709 (-3,196)
118,443 (-2,665)
Producers - Long / Short
53,936 (+2,838)
68,582 (+1,194)
Swap Dealers - Long / Short
78,888 (+330)
6,263 (+105)
Managed Money - Long / Short
36,489 (-2,263)
113,306 (-2,079)
Other Reportables - Long / Short
22,220 (-933)
5,137 (-586)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
784-0 +3.22%
on 06/15/23
Period Open: 785-6
891-2 -9.20%
on 06/22/23
+23-4 (+2.99%)
since 06/14/23
3-Month
736-2 +9.92%
on 05/02/23
Period Open: 863-2
918-6 -11.92%
on 05/17/23
-54-0 (-6.26%)
since 04/14/23
52-Week
736-2 +9.92%
on 05/02/23
Period Open: 845-6
1007-0 -19.64%
on 10/10/22
-36-4 (-4.32%)
since 07/14/22

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Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 809-2
2nd Resistance Point 809-2
1st Resistance Point 809-2
Last Price 809-2s
1st Support Level 809-2
2nd Support Level 809-2
3rd Support Level 809-2

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52-Week High 1007-0
Fibonacci 61.8% 903-5
Fibonacci 50% 871-5
Fibonacci 38.2% 839-5
Last Price 809-2s
52-Week Low 736-2

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