or

Wheat Dec '23 (ZWZ23)

594-0s +8-6 (+1.50%) 12/14/23 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Overview for Thu, Dec 14th, 2023
Day Low
594-0
Day High
594-0
Open 0-0
Previous Close 585-2 585-2
Volume 149 149
Open Interest 217 217
Stochastic %K 63.77% 63.77%
Weighted Alpha -23.14 -23.14
5-Day Change -32-0 (-5.11%) -32-0 (-5.11%)
52-Week Range 527-4 - 829-2 527-4 - 829-2
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  • 3M
  • 6M
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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
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
$1,815/1,650
First Notice Date
11/30/23
Expiration Date
12/14/23 (expired)

Seasonal Chart

Wheat Dec '23
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of May 27, 2025

View Chart Details
Commercials - Long / Short
186,975 (+6,118)
90,914 (+9,137)
Non-Commercials - Long / Short
115,201 (-12,500)
213,956 (-13,371)
Producers - Long / Short
88,847 (-1,434)
57,054 (+1,306)
Swap Dealers - Long / Short
69,853 (-225)
5,585 (+54)
Managed Money - Long / Short
83,094 (-10,090)
176,949 (-16,776)
Other Reportables - Long / Short
32,107 (-2,410)
37,007 (+3,405)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
527-4 +12.61%
on 11/27/23
Period Open: 572-0
634-0 -6.31%
on 12/06/23
+22-0 (+3.85%)
since 11/14/23
3-Month
527-4 +12.61%
on 11/27/23
Period Open: 593-6
634-0 -6.31%
on 12/06/23
+0-2 (+0.04%)
since 09/14/23
52-Week
527-4 +12.61%
on 11/27/23
Period Open: 783-0
829-2 -28.37%
on 02/14/23
-189-0 (-24.14%)
since 12/14/22

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Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 594-0
2nd Resistance Point 594-0
1st Resistance Point 594-0
Last Price 594-0s
1st Support Level 594-0
2nd Support Level 594-0
3rd Support Level 594-0

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52-Week High 829-2
Fibonacci 61.8% 714-0
Fibonacci 50% 678-3
Fibonacci 38.2% 642-6
Last Price 594-0s
52-Week Low 527-4

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