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Wheat May '25 (ZWK25)

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Wheat Futures Market News and Commentary

Wheat Falling on Wednesday Morning Despite Drop in Ratings

Wheat is trading with continued pressure on the Wednesday morning session, Continued weakness in crude oil is a pressure factor, down another $5/bbl this morning. The wheat complex posted mixed trade on Wednesday, with the winter wheats facing some weakness. Chicago SRW futures saw losses of 4 to 11 cents in most contracts at the close. Open interest down up 5,187 contracts, implying new short interest. KC HRW futures closed mixed, with front months down 2 ¾ to 5 ¾ cents and deferreds higher. MPLS spring wheat was a penny to 4 cents in the green.

USDA’s FGIS tallied wheat export shipments at 368,455 MT (13.54 mbu) during the week ending on May 21. That was 55.89% above the week prior but down 34.55% below the same week last year. Japan was the top destination of 73,894 MT, with 68,058 MT headed to Mexico and 59,059 MT to the Dominican Republic. Marketing year exports for 2025/26 are 23.48 MMT (862.7 mbu) since June 1, 2025, which is now 10.17% above the same period last year.<... Read more

Contract Specifications

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Contract
Chicago Soft 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
$2,145/1,950
First Notice Date
04/30/25
Expiration Date
05/14/25 (expired)

Seasonal Chart

Wheat May '25
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of May 19, 2026

View Chart Details
Commercials - Long / Short
157,233 (+11,056)
159,225 (+25,537)
Non-Commercials - Long / Short
143,267 (+8,690)
143,004 (-5,994)
Producers - Long / Short
45,652 (+8,305)
125,476 (+24,390)
Swap Dealers - Long / Short
103,130 (+1,818)
25,298 (+214)
Managed Money - Long / Short
109,862 (+9,225)
112,951 (-6,170)
Other Reportables - Long / Short
33,405 (-535)
30,053 (+176)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
499-0 +1.95%
on 05/12/25
555-6 -8.46%
on 04/17/25
-38-6 (-7.08%)
since 04/14/25
3-Month
499-0 +1.95%
on 05/12/25
621-6 -18.17%
on 02/18/25
-104-6 (-17.07%)
since 02/14/25
52-Week
499-0 +1.95%
on 05/12/25
771-6 -34.08%
on 05/28/24
-231-4 (-31.27%)
since 05/14/24

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Wheat Falling on Wednesday Morning Despite Drop in Ratings

Wheat is trading with continued pressure on the Wednesday morning session, Continued weakness in crude oil is a pressure factor, down another $5/bbl this morning. The wheat complex posted mixed trade on...

KEU26 : 684-2 (-0.55%)
KEN26 : 673-0 (-0.48%)
MWN26 : 6.8625 (-0.80%)
ZWN26 : 624-6 (-1.69%)
ZWU26 : 637-6 (-1.62%)
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Wheat Closes with Mixed Action on Tuesday

The wheat complex posted mixed trade on Wednesday, with the winter wheats facing some weakness. Chicago SRW futures saw losses of 4 to 11 cents in most contracts at the close. KC HRW futures closed mixed,...

KEU26 : 684-2 (-0.55%)
KEN26 : 673-0 (-0.48%)
MWN26 : 6.8625 (-0.80%)
ZWN26 : 624-6 (-1.69%)
ZWU26 : 637-6 (-1.62%)
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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 508-6
2nd Resistance Point 508-6
1st Resistance Point 508-6
Last Price 508-6s
1st Support Level 508-6
2nd Support Level 508-6
3rd Support Level 508-6

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52-Week High 771-6
Fibonacci 61.8% 667-4
Fibonacci 50% 635-3
Fibonacci 38.2% 603-2
Last Price 508-6s
52-Week Low 499-0

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