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Hard Red Winter Wheat Dec '25 (KEZ25)

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Hard Red Winter Wheat Futures Market News and Commentary

Wheat Holding onto Tuesday Gains as Crop Conditions Drop

The wheat market is trading with contracts mostly higher at midday on Tuesday. Chicago SRW futures are 5 to 6 cents higher at midday. KC HRW futures are up 4 to 5 cents so far on the day. MPLS spring wheat is showing fractionally mixed action at midday.

Crop Progress data showed the US spring wheat crop at 73% planted, now 7 percentage points ahead of the 5-year average pace of 66%. Montana and Washington were the only state to be reported below normal planting pace. Emergence was pegged at 39%.

The winter wheat crop was at 71% headed, which was 13 percentage points head of normal. Condition ratings were down 1% to 27% gd/ex. The Brugler500 index was down 6 points to 271. Conditions in KS and CO were down 12 points, with MS dropping 8 points and TX down 11 points, as an average of the major HRW states were down another 7 points to 220. The average of major SRW states was up 1 point to 359 on the Brugerl500 index, as white wheat states saw a 1 point increase to 383.

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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
$1,980/1,800
First Notice Date
11/28/25
Expiration Date
12/12/25 (expired)

Seasonal Chart

Hard Red Winter Wheat Dec '25
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of May 12, 2026

View Chart Details
Commercials - Long / Short
110,961 (+2,760)
124,792 (+1,013)
Non-Commercials - Long / Short
80,757 (+76)
66,532 (+222)
Producers - Long / Short
22,964 (-618)
114,651 (+1,501)
Swap Dealers - Long / Short
85,535 (+3,356)
7,679 (-510)
Managed Money - Long / Short
74,853 (-1,152)
38,146 (+122)
Other Reportables - Long / Short
5,904 (+1,228)
28,386 (+100)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
498-6 unch
on 12/12/25
534-0 -6.60%
on 11/14/25
-26-6 (-5.09%)
since 11/12/25
3-Month
477-2 +4.50%
on 10/14/25
540-0 -7.64%
on 11/05/25
-16-0 (-3.11%)
since 09/12/25
52-Week
477-2 +4.50%
on 10/14/25
682-6 -26.95%
on 02/19/25
-107-2 (-17.70%)
since 12/12/24

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Shootin' the Bull about an odd day

Kind of an odd day of trading where cattle feeders just took it on the chin if placing cattle today.

Wheat Holding onto Tuesday Gains as Crop Conditions Drop

The wheat market is trading with contracts mostly higher at midday on Tuesday. Chicago SRW futures are 5 to 6 cents higher at midday. KC HRW futures are up 4 to 5 cents so far on the day. MPLS spring wheat...

KEU26 : 714-0s (+0.04%)
KEN26 : 703-6s (unch)
MWN26 : 6.9650s (-0.96%)
ZWN26 : 667-2s (+0.41%)
ZWU26 : 680-2s (+0.37%)
Corn Slipping Lower on Tuesday

Corn futures are trading with contracts fractionally to a penny lower at midday on Tuesday. The CmdtyView national average Cash Corn price is down a penny to $4.36 3/4. NASS Crop Progress data showed...

ZCZ26 : 497-6s (-0.05%)
ZCU26 : 481-4s (-0.16%)
ZCN26 : 475-2s (-0.37%)
ZCPZ26US.CM : 4.5973 (-0.03%)
ZCPAUS.CM : 4.3503 (-0.35%)
Soybeans Posting Tuesday Gains

Soybeans are showing fractional to 5 cent gains at midday, with new crop leading the charge. The cmdtyView national average Cash Bean price is up 3/4 cents at $11.50 3/4. Soymeal futures are down 80 cents...

ZSPAUS.CM : 11.4600 (-0.26%)
ZLN26 : 75.44s (-0.25%)
ZMN26 : 332.3s (-0.66%)
ZSPX26US.CM : 11.3613 (+0.18%)
ZSX26 : 1203-0s (+0.17%)
ZSN26 : 1209-4s (-0.29%)
ZSQ26 : 1209-6s (-0.10%)
Soybeans Pushing Gains to Tuesday Morning

Soybeans are showing some modest buying in the front months on Tuesday another 1 to 2 ½ cents higher, Futures were up 19 ¾ to 36 cents across most contracts on Monday, as bulls took some of last week’s...

ZSPAUS.CM : 11.4600 (-0.26%)
ZLN26 : 75.44s (-0.25%)
ZMN26 : 332.3s (-0.66%)
ZSPX26US.CM : 11.3613 (+0.18%)
ZSX26 : 1203-0s (+0.17%)
ZSN26 : 1209-4s (-0.29%)
ZSQ26 : 1209-6s (-0.10%)
Corn Extending Buying to Tuesday Morning

Corn prices are up ½ to 1 ¼ cents so far on Tuesday morning trade. Futures were in rally mode on Monday, as contracts closed 14 ½ to 21 ¼ cents higher across most 26/27 contracts. Open interest suggested...

ZCZ26 : 497-6s (-0.05%)
ZCU26 : 481-4s (-0.16%)
ZCN26 : 475-2s (-0.37%)
ZCPZ26US.CM : 4.5973 (-0.03%)
ZCPAUS.CM : 4.3503 (-0.35%)
Wheat Extending Gains as the Crop Deteriorates

Wheat is showing 4 to 7 cent gains early on Tuesday. The wheat market was sharply higher across all three exchanges on Monday, following a White House fact sheet release over the weekend. Chicago SRW futures...

KEU26 : 714-0s (+0.04%)
KEN26 : 703-6s (unch)
MWN26 : 6.9650s (-0.96%)
ZWN26 : 667-2s (+0.41%)
ZWU26 : 680-2s (+0.37%)
Were You Ready for Today's TACO Tuesday?

History has taught us we should have been expecting the US president to back down his latest threat against Iran. Was Watson got off guard overnight through early Tuesday morning?

ZCZ26 : 497-6s (-0.05%)
ZSN26 : 1209-4s (-0.29%)
ZCU26 : 481-4s (-0.16%)
ZWN26 : 667-2s (+0.41%)
SIN26 : 75.159s (-2.95%)
ESM26 : 7,378.00s (-0.64%)
HOM26 : 4.1625s (+1.17%)
QAN26 : 111.28s (-0.73%)
YMM26 : 49,459s (-0.62%)
ZLN26 : 75.44s (-0.25%)
ZSX26 : 1203-0s (+0.17%)
KEN26 : 703-6s (unch)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 504-1
2nd Resistance Point 503-1
1st Resistance Point 500-7
Last Price 498-6s
1st Support Level 497-5
2nd Support Level 496-5
3rd Support Level 494-3

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52-Week High 682-6
Fibonacci 61.8% 604-2
Fibonacci 50% 580-0
Fibonacci 38.2% 555-6
Last Price 498-6s
52-Week Low 477-2

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