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.
Stocks | Futures | Watchlist | News | More
or
Faster, Cleaner, Better.

Wheat Pit Jul '24 (WN24)

[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [CBOT]
[[ 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 ]]

Wheat (Pit) Futures Market News and Commentary

Wheat Rallies into the Friday Close

The wheat complex is continued the rally into Friday, with contracts up sharply across the three markets. Chicago SRW futures were up 24 ½ to 33 cents at the close, as May was 25 ¼ cents higher this week. KC HRW futures were 23 ½ to 31 cents in the green on the day, with Mayu rallying 43 cents this week. MPLS spring wheat was 13 to 23 1/2 cents higher at the close with May 30 ¼ cents higher this week. Crude oil futures were up $10.22 at the close to continue the spillover support. 

Export Sales data from Thursday morning has taken export sales commitments to 23.204 MMT, which is 95% of USDA’s estimate near the 97% average sales pace. Shipments are 75% of USDA’s export number at 18.45 MMT, which is ahead of the 72% average pace.

Managed money was busy adding back 8,503 contracts to their net short in CBT wheat futures and options as of 3/3, taking it to 25,800 contracts by Tuesday. In KC wheat, specs were trimming back their fresh net long position by 2,338 contracts to 1... Read more

Contract Specifications

See More
Contract
Chicago Soft Red Winter Wheat [Pit]
Contract Size
5,000 bushels
Tick Size
1/4 cent per bushel ($12.50 per contract)
Trading Hours
8:30a.m. - 1:15p.m. CST
Exchange
CBOT
Point Value
$50
Expiration Date
07/12/24 (expired)

Seasonal Chart

Wheat Pit Jul '24
Average Price Chart for 5 Prior Pit Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

See More
Period Period Low Period High Performance
1-Month
540-0 +4.07%
on 03/07/24
586-2 -4.14%
on 02/27/24
-16-0 (-2.77%)
since 02/21/24
3-Month
540-0 +4.07%
on 03/07/24
653-0 -13.94%
on 12/26/23
-69-6 (-11.04%)
since 12/21/23
52-Week
540-0 +4.07%
on 03/07/24
788-2 -28.70%
on 07/25/23
-147-4 (-20.79%)
since 03/21/23

More Wheat (Pit) Quotes

All Futures Prices
Please wait...

Most Recent Stories

More News
War premium fueling Friday’s commodity surge

USDA Grain Reports on March 10th

Wheat Hits The ONE44 Short Term Target, 618.00

Educational and Actionable information using Fibonacci and W.D. Gann analysis.

ZWK26 : 616-6s (+5.65%)
Cattle Futures Fall Apart

Equities and Crude pressure cattle

(VIDEO) From Grains to Coffee: Weather & War are Wrenching Commodity Prices

Jim's video covers all bases in this wildcard war scenario

SOYB : 24.41 (+1.73%)
WEAT : 23.61 (+5.64%)
CANE : 9.47 (+2.60%)
QAK26 : 92.69s (+8.52%)
ZSK26 : 1200-6s (+1.82%)
ZWK26 : 616-6s (+5.65%)
USO : 108.77 (+12.94%)
SBK26 : 14.10s (+2.77%)
ZCK26 : 460-4s (+1.54%)
CLJ26 : 90.90s (+12.21%)
CORN : 18.52 (+1.81%)
KCK26 : 293.30s (+1.56%)
Soybeans Heads into the Weekend with a Rally

Soybeans rallied 16 ¾ to 21 ½ cents in the old crop contracts on Friday, as other contracts were 5 to 12 ½ cents higher. May beans were up 30 cents this week, as November rallied 18 ½ cents. The cmdtyView...

ZSPAUS.CM : 11.2664 (+1.92%)
ZLK26 : 66.58s (+1.34%)
ZMK26 : 317.2s (+2.55%)
ZSX25 : 1112-6s (-1.70%)
ZSH26 : 1185-0s (+1.83%)
ZSK26 : 1200-6s (+1.82%)
Corn Rallies into the Weekend

Corn futures posted gains of 3 ¾ to 8 ¼ cents across the board on Friday, as May managed a 12 cent gain on the week and December up 15. Crude oil futures continued the rally and spillover support into...

ZCZ25 : 431-4s (-0.86%)
ZCK26 : 460-4s (+1.54%)
ZCH26 : 447-0s (+1.25%)
ZCPAUS.CM : 4.1815 (+1.54%)
Wheat Rallies into the Friday Close

The wheat complex is continued the rally into Friday, with contracts up sharply across the three markets. Chicago SRW futures were up 24 ½ to 33 cents at the close, as May was 25 ¼ cents higher this...

KEK26 : 623-4s (+5.23%)
KEH26 : 611-4s (+4.49%)
MWH26 : 6.3150s (+3.87%)
ZWH26 : 611-2s (+4.89%)
ZWK26 : 616-6s (+5.65%)
Grain Spreads: Wheat Strangle Suggested

Not Staying at Current Levels in Wheat

Walsh Pure Technicals - Pure Hedge Division

Soybeans, Corn, Wheat

Shootin' the Bull about volatility and price expanse

In my opinion, what a week of price volatility and expanse.  While not one for the record books, it is noticeable.

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 562-0
2nd Resistance Point 562-0
1st Resistance Point 562-0
Last Price 562-0s
1st Support Level 562-0
2nd Support Level 562-0
3rd Support Level 562-0

See More

52-Week High 788-2
Fibonacci 61.8% 693-3
Fibonacci 50% 664-1
Fibonacci 38.2% 634-7
Last Price 562-0s
52-Week Low 540-0

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.
Use your up/down arrows to move through the symbols.
Free Barchart Webinar