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Hard Red Winter Wheat Dec '26 (KEZ26)

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Hard Red Winter Wheat Futures Market News and Commentary

Wheat Trading with Friday AM Gains

Wheat is mostly higher on Friday morning, with the nearby May thin and in-deliveries. The wheat complex posted some profit taking on Thursday, with all three markets facing pressure. Chicago SRW futures were down 11 ¾ to 18 ½ cents in the front months. There were 312 delivery notices against May CBT wheat futures overnight. KC HRW futures were 5 ¼ to 12 ¼ cents lower in most contracts. There was 245 deliveries issued against May KC wheat overnight. Open interest was up 5,998 contracts on Thursday. MPLS spring wheat was 5 ¾ to 9 ¾ cents in the red at the close.

Export Sales data showed 226,096 MT of old crop wheat sales in the week of 4/23, a 5-week higher and well above the same week last year. The largest buyer was Indonesia at 70,000 MT, with 40,100 MT sold to Taiwan and 33,400 MT to Nigeria. New crop sales were at 156,715 MT, the largest sales total in 4 weeks for 2026/27. Taiwan was the top buyer of 66,400 MT, with 42,000 MT sold to unknown buyers. 

Much of the US re... 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
11/30/26 (213 days)
Expiration Date
12/14/26 (227 days)

Seasonal Chart

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

Commitment of Traders Positions as of Apr 21, 2026

View Chart Details
Commercials - Long / Short
120,347 (-4,988)
135,351 (+9,134)
Non-Commercials - Long / Short
77,590 (+7,378)
63,252 (-3,852)
Producers - Long / Short
32,181 (-7,230)
122,022 (+9,659)
Swap Dealers - Long / Short
80,468 (+3,831)
5,631 (+1,064)
Managed Money - Long / Short
72,047 (+8,184)
40,642 (-3,766)
Other Reportables - Long / Short
5,543 (-806)
22,610 (-86)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
633-0 +14.38%
on 04/10/26
740-2 -2.20%
on 04/29/26
+64-6 (+9.82%)
since 04/01/26
3-Month
587-6 +23.18%
on 02/09/26
740-2 -2.20%
on 04/29/26
+122-6 (+20.42%)
since 01/30/26
52-Week
562-4 +28.71%
on 10/14/25
740-2 -2.20%
on 04/29/26
+99-2 (+15.89%)
since 05/01/25

More Hard Red Winter Wheat Quotes

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Most Recent Stories

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Corn price action is mixed early on Friday, morning, with the now in-delivery May down 1 ¼ cents and other contracts 2 to 3 cents higher. Futures posted modest losses to close out April with contracts...

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ZCN26 : 476-4 (+0.37%)
ZCK26 : 465-0 (+0.05%)
ZCPZ26US.CM : 4.6035 (+0.70%)
ZCPAUS.CM : 4.3415 (+0.56%)
Wheat Trading with Friday AM Gains

Wheat is mostly higher on Friday morning, with the nearby May thin and in-deliveries. The wheat complex posted some profit taking on Thursday, with all three markets facing pressure. Chicago SRW futures...

KEN26 : 695-4 (+0.29%)
KEK26 : 678-0s (-1.77%)
MWK26 : 6.9475s (-1.00%)
ZWK26 : 627-2 (+0.56%)
ZWN26 : 636-6 (unch)
Soybeans Posting Friday AM Strength

Soybeans are extending higher on Friday morning, with contracts up 3 to 4 cents. Futures bounced off early session lows on Thursday to close with contracts down ¼ to 1 ½ cents in old crop contracts and...

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ZLN26 : 75.13 (+0.79%)
ZMN26 : 319.2 (+0.09%)
ZSPX26US.CM : 11.1213 (+0.61%)
ZSX26 : 1177-2 (+0.36%)
ZSK26 : 1184-2 (+0.19%)
ZSN26 : 1198-2 (+0.23%)
Soybeans: The Battle for $12.00 & $12.70 Price Targets

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Soybean Meal Is a Value-Buying Opportunity, And These Prices Highlight a Swing Trade Here

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ZWN26 : 636-6 (unch)
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New crop corn and soybeans continue to impress. Is a bigger move coming this Spring/Summer?

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ZCZ26 : 497-2 (+0.61%)
ZCN26 : 476-4 (+0.37%)
ZCK26 : 465-0 (+0.05%)
ZCPZ26US.CM : 4.6035 (+0.70%)
ZCPAUS.CM : 4.3415 (+0.56%)
Wheat Falls Back on Thursday

The wheat complex posted some profit taking on Thursday, with all three markets facing pressure. Chicago SRW futures were down 11 ¾ to 18 ½ cents in the front months. KC HRW futures were 5 ¼ to 12 ¼...

KEN26 : 695-4 (+0.29%)
KEK26 : 678-0s (-1.77%)
MWK26 : 6.9475s (-1.00%)
ZWK26 : 627-2 (+0.56%)
ZWN26 : 636-6 (unch)
Soybeans Close with Mixed Trade on Thursday

Soybeans bounced off early session lows on Thursday to close with contracts down ¼ to 1 ½ cents in old crop contracts and up 1 3/4 to 3 cents in the new crops. The cmdtyView national average Cash Bean...

ZSPAUS.CM : 11.3249 (+0.83%)
ZLN26 : 75.13 (+0.79%)
ZMN26 : 319.2 (+0.09%)
ZSPX26US.CM : 11.1213 (+0.61%)
ZSX26 : 1177-2 (+0.36%)
ZSK26 : 1184-2 (+0.19%)
ZSN26 : 1198-2 (+0.23%)
Shootin' the Bull about a lot of volatility

Volatility was exceptional today.  A mixed close as well suggests some spreading taking place.

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 745-6
2nd Resistance Point 738-4
1st Resistance Point 729-2
Last Price 721-4
1st Support Level 712-6
2nd Support Level 705-4
3rd Support Level 696-2

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52-Week High 740-2
Last Price 721-4
Fibonacci 61.8% 672-3
Fibonacci 50% 651-3
Fibonacci 38.2% 630-3
52-Week Low 562-4

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