or
Faster, Cleaner, Better.

Wheat May '23 (ZWK23)

624-4s +10-2 (+1.67%) 05/12/23 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Fri, May 12th, 2023
Day Low
624-4
Day High
624-4
Open 0-0
Previous Close 614-2 614-2
Volume 66 66
Open Interest 22 22
Stochastic %K 39.83% 39.83%
Weighted Alpha -44.98 -44.98
5-Day Change -22-4 (-3.48%) -22-4 (-3.48%)
52-Week Range 595-4 - 1242-6 595-4 - 1242-6
  • 1D
  • 5D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
  • MAX
Full Chart
  • OHLC Bars
  • Colored OHLC Bars
  • HLC Bars
  • Candlestick Hollow
  • Candlestick Open-to-Close
  • Candlestick Close-to-Close
  • Heikin-Ashi
  • Line Chart
  • Area Chart
  • Renko
  • Column
  • Baseline
  • Line Break
  • Range
  • Kagi
  • Point And Figure

Wheat Futures Market News and Commentary

Spring Wheat Leads the Market Lower

Wheat is trading with losses across the three markets on Monday. Chicago SRW wheat posted 3 to 4 cent losses on Monday. July futures expired today. KC HRW contracts are were down 1 to 2 cents on the day. There were 5 deliveries against July on Friday evening. MPLS spring wheat was down 10 to 11 cents on Monday.

The Monday afternoon Crop Progress report showed the US winter wheat crop at 63% harvested, 1% below the 5-year average pace. The Spring wheat crop was 78% headed, 3% ahead of normal, with conditions up 4% to 54% gd/ex, as the Brugler500 index was up 4 points to 345.

This morning’s Export Inspections report showed a total of 438,533 (16.15 mbu) of wheat shipped in the week of 7/10. That is down 15.84% from last week and 29.34% below the same week in 2024. Mexico was the top destination of 162,639 MT, with 65,999 MT headed to the Philippines and 36,121 MT to South Korea. Marketing year shipments are now at 2.283 MMT (83.9 mbu), which is 3.04% below the same period... Read more

Contract Specifications

See More
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
04/28/23
Expiration Date
05/12/23 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Jul 8, 2025

View Chart Details
Commercials - Long / Short
151,152 (-474)
81,821 (+5,171)
Non-Commercials - Long / Short
111,202 (+6,682)
173,042 (-1,114)
Producers - Long / Short
66,240 (-365)
63,733 (+6,218)
Swap Dealers - Long / Short
73,677 (+480)
6,853 (-458)
Managed Money - Long / Short
83,593 (+5,169)
141,186 (-652)
Other Reportables - Long / Short
27,609 (+1,513)
31,856 (-462)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

See More
Period Period Low Period High Performance
1-Month
595-4 +4.87%
on 05/02/23
Period Open: 679-4
707-0 -11.67%
on 04/18/23
-55-0 (-8.09%)
since 04/12/23
3-Month
595-4 +4.87%
on 05/02/23
Period Open: 795-6
807-4 -22.66%
on 02/14/23
-171-2 (-21.52%)
since 02/10/23
52-Week
595-4 +4.87%
on 05/02/23
Period Open: 1169-6
1242-6 -49.75%
on 05/17/22
-545-2 (-46.61%)
since 05/12/22

More Wheat Quotes

All Futures Prices
Please wait...
Please wait...
false

Most Recent Stories

More News
Spring Wheat Leads the Market Lower

Wheat is trading with losses across the three markets on Monday. Chicago SRW wheat posted 3 to 4 cent losses on Monday. July futures expired today. KC HRW contracts are were down 1 to 2 cents on the day....

KEZ25 : 546-0 (+0.09%)
KEU25 : 523-4 (+0.10%)
MWU25 : 6.0650 (+0.46%)
ZWU25 : 542-2 (+0.14%)
ZWZ25 : 563-2 (+0.18%)
Corn Extends Monday Bounce into the Close

Corn futures posted gains of 4 to 6 cents across most contract son Monday following the overnight gap lower. July futures expired today. The front month CmdtyView national average Cash Corn price was up...

ZCZ25 : 418-0 (unch)
ZCZ25 : 418-0 (unch)
ZCU25 : 400-0 (unch)
ZCPZ25US.CM : 3.8520 (+1.56%)
ZCPAUS.CM : 3.8647 (+1.09%)
Plus500 Makes Futures Trading Truly Accessible: Low Margins and Up to $200 in a Commission-Free Bonus!

Trade the most popular US futures of 2025: Agricultural Commodities, Indices, Crypto, Metals, Forex, and more! Join over 30 million people worldwide who trust Plus500. Start trading today with a deposit as low as $100!

Soybeans Weakness Continues on Monday

Soybeans slipped lower on the Monday session, with contracts fractionally to 4 cents in the red. The cmdtyView national average Cash Bean price was down 3 ¼ cents at $9.61 1/2. Soymeal futures were down...

ZSPAUS.CM : 9.6086 (-0.32%)
ZLZ25 : 53.86 (-0.26%)
ZMZ25 : 281.3 (-0.14%)
ZSX25 : 1004-2 (-0.27%)
ZSQ25 : 997-6 (-0.32%)
ZSU25 : 991-0 (-0.23%)
ZSPX25US.CM : 9.4795 (-0.04%)
Hogs Continue Lower

Hogs breakdown below Support

Grain Spreads: Corn Cover

Short Covering Highlighted

Crop Progress

Crop Progress - 2025-07-14

MWU25 : 6.0650 (+0.46%)
ZSX25 : 1004-2 (-0.27%)
XBX25 : 198.75s (-0.87%)
XEU25 : 64.03 (-0.12%)
SWV25 : 470.40s (-1.84%)
ZSBAUS.CM : -0.4013 (+0.50%)
ZOZ25 : 358-6 (-0.49%)
ZRU25 : 12.700 (+0.08%)
MLU25 : 197.25s (-1.87%)
Y2U25 : 2,662s (unch)
ZCZ25 : 418-0 (unch)
ZCDAUS-BIW.CM : 15,671,136 (unch)
Soybeans Complete the Second 78.6% to 78.6% Retracement in 3 Months, What Now?

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

ZSQ25 : 997-6 (-0.32%)
Walsh Gamma Trader

Low-Cost Options, With Limited Risk

Grain Market Bears Seized the Moment Last Week. What That Means for Corn, Soybeans, and Wheat.

Last week’s price action was ominous for grain bulls, but there are a few signs of hope emerging.

ZCZ25 : 418-0 (unch)
ZSX25 : 1004-2 (-0.27%)
ZCZ25 : 418-0 (unch)
ZSX25 : 1004-2 (-0.27%)
ZWZ25 : 563-2 (+0.18%)
Soybeans Slipping into Midday

Soybeans are slipping 2 to 7 cents so far on Monday’s midday. There were 4 deliveries issued for July futures on Friday evening. The cmdtyView national average Cash Bean price was down 4 ½ cents at...

ZSPAUS.CM : 9.6086 (-0.32%)
ZLZ25 : 53.86 (-0.26%)
ZMZ25 : 281.3 (-0.14%)
ZSX25 : 1004-2 (-0.27%)
ZSQ25 : 997-6 (-0.32%)
ZSU25 : 991-0 (-0.23%)
ZSPX25US.CM : 9.4795 (-0.04%)
Wheat Pressured on Monday, Led by Spring Wheat

Wheat is trading with losses across the three markets on Monday. Chicago SRW wheat is trading with 5 to 7 cent losses on Monday. There were another 34 delivery notices against July on Friday. July futures...

KEZ25 : 546-0 (+0.09%)
KEU25 : 523-4 (+0.10%)
MWU25 : 6.0650 (+0.46%)
ZWU25 : 542-2 (+0.14%)
ZWZ25 : 563-2 (+0.18%)
Corn Holding onto Gains Following Overnight Strength

Corn gapped lower at the Sunday night open but bulls were fighting back all night, and are holding onto 1 to 4 cent gains at midday. There were another 69 deliveries for July futures, which expire today....

ZCZ25 : 418-0 (unch)
ZCZ25 : 418-0 (unch)
ZCU25 : 400-0 (unch)
ZCPZ25US.CM : 3.8520 (+1.56%)
ZCPAUS.CM : 3.8647 (+1.09%)
Grain Markets Attempt to Stabilize on Monday

Grain markets have been mixed to start the week with corn futures trying to end the streak of 7 straight Mondays with a lower close.

Soybeans Working on the Higher Side of Unchanged

Soybeans are trading with gains of 2 to 5 cents so far on Monday morning. Futures posted Friday losses of 6 to 9 cents on the session, with futures failing to see bulls show up after USDA data was released....

ZSPAUS.CM : 9.6086 (-0.32%)
ZLZ25 : 53.86 (-0.26%)
ZMZ25 : 281.3 (-0.14%)
ZSX25 : 1004-2 (-0.27%)
ZSQ25 : 997-6 (-0.32%)
ZSU25 : 991-0 (-0.23%)
ZSPX25US.CM : 9.4795 (-0.04%)
Corn Showing Higher Monday AM Trade After Gapping Lower

Corn bulls spent the overnight session battling back after a gap lower as contracts are up 3 to 4 cents on the session. Futures failed to see much buying post-USDA data release on Friday, as futures slipped...

ZCZ25 : 418-0 (unch)
ZCZ25 : 418-0 (unch)
ZCU25 : 400-0 (unch)
ZCPZ25US.CM : 3.8520 (+1.56%)
ZCPAUS.CM : 3.8647 (+1.09%)
Wheat Bouncing on Monday Morning

Wheat is showing positive trade early on Monday, with a rebound from Friday’s losses. The wheat complex posted losses across the three markets on Friday, following a larger than expected production total....

KEZ25 : 546-0 (+0.09%)
KEU25 : 523-4 (+0.10%)
MWU25 : 6.0650 (+0.46%)
ZWU25 : 542-2 (+0.14%)
ZWZ25 : 563-2 (+0.18%)
Corn Downside Target

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

ZCZ25 : 418-0 (unch)
Why Sunday's Open Isn't as Important as the Next Weekly Close

As a friend in the industry likes to say, "Amateurs open, pros close."

ZCZ25 : 418-0 (unch)
ZWU25 : 542-2 (+0.14%)
ZSX25 : 1004-2 (-0.27%)
KEU25 : 523-4 (+0.10%)
Fireworks continue across markets post-holiday

Tariffs, tariffs and more tariffs

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 624-4
2nd Resistance Point 624-4
1st Resistance Point 624-4
Last Price 624-4s
1st Support Level 624-4
2nd Support Level 624-4
3rd Support Level 624-4

See More

52-Week High 1242-6
Fibonacci 61.8% 995-4
Fibonacci 50% 919-1
Fibonacci 38.2% 842-6
Last Price 624-4s
52-Week Low 595-4

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.
Use your up/down arrows to move through the symbols.
Free Barchart Webinar
3 Explosive Trends for 2025 You Can't Afford to Miss