Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
Jump-Start Your Search For Promising Trade Ideas With Barchart Premier’s "Top Stock Pick". FREE 30 Day Trial
Stocks | Futures | Watchlist | More
or

Hard Red Wheat May '23 (KEK23)

[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [KCBT]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
[[ rootItem.symbol ]]underlying price [[ rootItem.lastPrice ]] [[ rootItem.priceChange ]] ([[ rootItem.percentChange ]]) [[ rootItem.tradeTime ]]
Quote Overview for [[ item.sessionDateDisplayLong ]]
[[ rowChartData.labelLow ]]
[[ rowChartData.lowPriceFormatted ]]
[[ rowChartData.lowPrice ]]
[[ rowChartData.labelHigh ]]
[[ rowChartData.highPriceFormatted ]]
[[ rowChartData.highPrice ]]
since [[ rowChartData.lowDate ]]
since [[ rowChartData.highDate ]]
[[ value ]] [[ value ]]

Hard Red Wheat Futures Market News and Commentary

Wheat Leading the Grain Charge Higher on Monday

The wheat market led the grain rally on Monday. Chicago contracts were up 10 to 21 cents across the board. Kansas City futures were 16 ¼ to 20 ¼ cents higher on the day. MPLS spring wheat posted lighter gains, but still 3 ¼ to 10 ¼ cents higher. A few reports of some frost over the weekend were reported in parts of HRW country, helping to push the market higher.

After the close, NASS reported that the US winter wheat crop 17% headed, 4% above the normal pace. Condition ratings for the crop were at 50% gd/ex, a 5% drop on the week. That took the Brugler500 index down 10 points to 336. The spring wheat crop was 15% planted, 5% faster than normal and well above last year’s pace. USDA also reported the crop 2% emerged, 1% below normal. 

Weekly Export Inspection data from USDA showed 450,275 MT of wheat shipped in the week that ended on April 18. That was a 27.4% drop from last week but was still 23.76% larger than the same week in 2023. Japan was the top destination, with 91... Read more

Contract Specifications

See More
Contract
KC 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
KCBT
Point Value
$50
Margin/Maintenance
$2,420/2,200
First Notice Date
04/28/23
Expiration Date
05/12/23 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Apr 16, 2024

View Chart Details
Commercials - Long / Short
118,558 (+4,627)
73,166 (+1,076)
Non-Commercials - Long / Short
60,456 (-2,787)
102,979 (+280)
Producers - Long / Short
42,812 (+965)
60,454 (+324)
Swap Dealers - Long / Short
64,479 (+2,863)
1,445 (-47)
Managed Money - Long / Short
42,848 (-3,358)
92,168 (+1,422)
Other Reportables - Long / Short
17,608 (+571)
10,811 (-1,142)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

See More
Period Period Low Period High Performance
1-Month
769-4 +15.89%
on 04/27/23
932-4 -4.37%
on 05/10/23
+28-2 (+3.27%)
since 04/12/23
3-Month
769-4 +15.89%
on 04/27/23
932-4 -4.37%
on 05/10/23
-5-0 (-0.56%)
since 02/10/23
52-Week
769-4 +15.89%
on 04/27/23
1326-2 -32.76%
on 05/17/22
-344-4 (-27.87%)
since 05/12/22

More Hard Red Wheat Quotes

All Futures Prices
Please wait...

Most Recent Stories

More News
Pure Hedge - Livestock and Grain

Think of this as Opportunity...

Bullish COF Propels Cattle Higher

Cattle markets surge

Corn Rallies on Monday

Corn futures got some help from the other grains in the complex, as contracts closed with gains of 3 to 6 ¾ cents across the board. Positive Inspections data and spillover strength from wheat were supportive....

ZCK24 : 442-0 (+0.51%)
ZCPAUS.CM : 4.2409 (+1.55%)
ZCN24 : 452-0 (+0.50%)
ZCZ24 : 474-6 (+0.48%)
ZCPZ24US.CM : 4.4129 (+1.44%)
Wheat Leading the Grain Charge Higher on Monday

The wheat market led the grain rally on Monday. Chicago contracts were up 10 to 21 cents across the board. Kansas City futures were 16 ¼ to 20 ¼ cents higher on the day. MPLS spring wheat posted lighter...

ZWK24 : 581-2 (+1.93%)
ZWN24 : 598-4 (+1.87%)
KEK24 : 608-2 (+1.80%)
KEN24 : 612-6 (+1.70%)
MWK24 : 664-0 (+1.26%)
Soybeans Slip From Highs, Still Post Double Digit Gains

Soybeans closed the week’s opening session with contracts 8 ½ to 11 ¾ at the closing bell. Soymeal was up 60 cents to $2.10 on the day to help with product support. The real support was from Soy Oil...

ZMN24 : 346.5 (+0.49%)
ZLN24 : 45.89 (+0.50%)
ZSK24 : 1167-2 (+0.54%)
ZSPAUS.CM : 11.0827 (+1.04%)
ZSN24 : 1182-2 (+0.49%)
ZSX24 : 1176-4 (+0.41%)
ZSPX24US.CM : 11.1135 (+0.97%)
Grain Spreads: 3 Stories for Wheat

Wheat reversal on Weekly

Shootin' the Bull about covering shorts

Short futures traders are believed to have been the biggest buyers today.  How open interest ends up on today's trade may help to decipher how interested traders are.

Crop Progress

Crop Progress - 2024-04-22

ZSN24 : 1182-2 (+0.49%)
ZSPAUS.CM : 11.0827 (+1.04%)
ZSBAUS.CM : -0.5273 (+1.77%)
ZSDAUS-BIW.CM : 4,506,573 (unch)
ZSYAUS-BIW.CM : 52.03 (unch)
XSK24 : 3,719s (-0.85%)
XTN24 : 4,630s (+0.04%)
ZCN24 : 452-0 (+0.50%)
ZCPAUS.CM : 4.2409 (+1.55%)
ZCBAUS.CM : -0.1565 (+1.51%)
XVN24 : 2,412s (+0.21%)
XEU24 : 59.05 (-0.17%)
Soybeans Posting Double Digit Gains on Monday

Soybeans are posting double digit 11 to 14 cent gains on Monday, helped out by the oil part of the products. Preliminary open interest from Friday showed some net new buying, up 2,147 contracts. Soymeal...

ZMN24 : 346.5 (+0.49%)
ZLN24 : 45.89 (+0.50%)
ZSK24 : 1167-2 (+0.54%)
ZSPAUS.CM : 11.0827 (+1.04%)
ZSN24 : 1182-2 (+0.49%)
ZSX24 : 1176-4 (+0.41%)
ZSPX24US.CM : 11.1135 (+0.97%)
Corn Following Grain Strength, Helped by Large Export Shipment Total

Corn futures are pushing higher to start the week, with contracts up 5 to 7 cents at midday. Spillover support from strength in wheat is helping. Preliminary open interest rose 5,697 contracts on Friday...

ZCK24 : 442-0 (+0.51%)
ZCPAUS.CM : 4.2409 (+1.55%)
ZCN24 : 452-0 (+0.50%)
ZCZ24 : 474-6 (+0.48%)
ZCPZ24US.CM : 4.4129 (+1.44%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 891-6
2nd Resistance Point 891-6
1st Resistance Point 891-6
Last Price 891-6s
1st Support Level 891-6
2nd Support Level 891-6
3rd Support Level 891-6

See More

52-Week High 1326-2
Fibonacci 61.8% 1113-5
Fibonacci 50% 1047-7
Fibonacci 38.2% 982-1
Last Price 891-6s
52-Week Low 769-4

See More

Solutions for Grain Market Professionals barchart.com/cmdty
Commodity Price Reports
Get Free Access!
cmdtyView for Ag marketers and merchandisers
Start Free Trial
We help Agribusinesses make better decisions
Learn Now
Want to use this as
your default charts setting?
Save this setup as a Chart Templates
Switch the Market flag
for targeted data from your country of choice.
Open the menu and switch the
Market flag for targeted data from your country of choice.
Want Streaming Chart Updates?
Switch your Site Preferences
to use Interactive Charts
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.

Free Barchart Webinar