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.
The most comprehensive method for keeping track of all your investments. FREE 30 Day Trial
Stocks | Futures | Watchlist | More
or
Hard Red Wheat Jul '23 (KEN23)
[[ 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

Some 4% Losses for Tuesday Wheat Market

Wheat futures dropped sharply out of the Memorial Day weekend, with July SRW sub-$6 at the close for the first time since April 2021. The other front month SRW prices were 3% to 3.8% lower at the close. KC wheat firmed a nickel for the close, but were still down 22 3/4 to 35 1/2 cents on the day. July HRW dropped 4.3% to the first sub-$8 close since May 4th. The front month spring wheat futures were down 2.8% to 3% on the day, with July and Sep back below the $8 mark.   

USDA’s weekly Crop Progress report showed spring wheat planting reached 85% complete as of 5/28. That was up from 64% last week and is now only 1ppt behind the average pace. North Dakota planting advanced 31% points to now just 2 ppts behind average. Emergence was shown 57% nationally. As for winter wheat, NASS reported 72% of the national crop was headed including 98% for OK, 95% for TX, and 84% for KS. Winter wheat conditions improved 10 points on the Brugler500 index to 288. Oklahoma was up the most with a... 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
$3,080/2,800
First Notice Date
06/30/23 (31 days)
Expiration Date
07/14/23 (45 days)

Seasonal Chart

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

Commitment of Traders Positions as of May 23, 2023

View Chart Details
Commercials - Long / Short
76,124 (+2,507)
81,098 (+2,216)
Non-Commercials - Long / Short
49,268 (-763)
39,026 (-1,707)
Producers - Long / Short
32,486 (+2,901)
67,374 (+2,654)
Swap Dealers - Long / Short
37,561 (+491)
7,647 (+447)
Managed Money - Long / Short
40,471 (-1,037)
25,971 (-408)
Other Reportables - Long / Short
8,797 (+274)
13,055 (-1,299)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

See More
Period Period Low Period High Performance
1-Month
736-2 +6.45%
on 05/02/23
918-6 -14.69%
on 05/17/23
+7-4 (+0.97%)
since 04/28/23
3-Month
736-2 +6.45%
on 05/02/23
918-6 -14.69%
on 05/17/23
-22-6 (-2.82%)
since 02/28/23
52-Week
736-2 +6.45%
on 05/02/23
1159-0 -32.38%
on 05/31/22
-376-0 (-32.42%)
since 05/27/22

More Hard Red Wheat Quotes

All Futures Prices
Please wait...

Most Recent Stories

More News
Some 4% Losses for Tuesday Wheat Market

Wheat futures dropped sharply out of the Memorial Day weekend, with July SRW sub-$6 at the close for the first time since April 2021. The other front month SRW prices were 3% to 3.8% lower at the close....

ZWN23 : 591-0s (-4.06%)
ZWU23 : 605-4s (-3.81%)
ZWPAES.CM : 5.3046 (-4.41%)
KEN23 : 783-6s (-4.33%)
KEPAWS.CM : 7.5865 (-4.12%)
MWN23 : 793-0s (-3.06%)
Beans Near the Day’s Lows on Double Digit Drop

Soybean futures fell 2.6% to 3.3% on the first trade day following Memorial Day. That pulled the July contract to below $13/bu for the first time since Dec 2021. Soymeal prices were 2.4% lower with $9.30...

CLN23 : 69.58 (+0.17%)
ZSN23 : 1296-4s (-3.05%)
ZSPAUS.CM : 12.7378 (-3.14%)
ZSQ23 : 1219-4s (-3.29%)
ZSU23 : 1159-6s (-3.23%)
Corn Rallies Off Daily Lows, Still Finished Red

After dropping sharply to start the week, corn futures found afternoon buying interest and rallied back about halfway. The July contract ended with a dime loss, while Dec closed 9 1/4 cents lower after...

ZCN23 : 594-0s (-1.66%)
ZCPAUS.CM : 6.2689 (-1.53%)
ZCU23 : 520-0s (-1.70%)
ZCZ23 : 525-2s (-1.73%)
Grains: The Market Giveth and The Market Taketh

Grain futures had a strong rally last week but were unable to find any follow-through in today's trade.

Grain Spreads: Forecasts Pressure New Crop Corn

Potential Patterns Forming

Wheat Futures Dropping after Weekend

The midday wheat market is trading sharply lower, with some contracts exploring new lows for the move. Chicago wheat prices are down 3.2% to 3.7% so far, with July sub-$6 for the first time since April...

Beans Exploring New Lows for the Move

Soybeans are down by 27 to 33 cents with losses of as much as 2.7% to start the short week. That has futures printing new lows for the move, with November contracts working at levels not seen since November...

CLN23 : 69.58 (+0.17%)
ZSN23 : 1296-4s (-3.05%)
ZSPAUS.CM : 12.7378 (-3.14%)
ZSQ23 : 1219-4s (-3.29%)
ZSU23 : 1159-6s (-3.23%)
Corn Dropping Hard to Begin Shortened Week

The corn market is down by as much as 3% through Tuesday’s midday amid broad selling of energy instruments and grains in general. Chinese corn futures are also down about 7% for the year and their imports...

ZCN23 : 594-0s (-1.66%)
ZCPAUS.CM : 6.2689 (-1.53%)
ZCU23 : 520-0s (-1.70%)
ZCZ23 : 525-2s (-1.73%)
3-Day Weekend Tuesday Surprise. The Corn & Ethanol Report 05/30/2023

We kickoff the day with S&P/Case-Shiller Home Price MoM & YoY, House Price Index MoM & YoY, and House Price Index at 8:00 A.M., CB Consumer Confidence at 9:00 A.M., Dallas Fed Manufacturing Index at 9:30...

Grain Futures Prices Retreat | Grain Express | 5/30/2023 |

The grain markets were able to stage an impressive rally last week on the back of hot and dry forecasts into a long weekend.

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 849-4
2nd Resistance Point 834-2
1st Resistance Point 809-0
Last Price 783-6s
1st Support Level 768-4
2nd Support Level 753-2
3rd Support Level 728-0

See More

52-Week High 1159-0
Fibonacci 61.8% 997-4
Fibonacci 50% 947-5
Fibonacci 38.2% 897-6
Last Price 783-6s
52-Week Low 736-2

See More

by Barchart
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