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Wheat Sep '23 (ZWU23)

567-4s -1-4 (-0.26%) 09/14/23 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Thu, Sep 14th, 2023
Day Low
567-4
Day High
567-4
Open 0-0
Previous Close 569-0 569-0
Volume 95 95
Open Interest 38 38
Relative Strength 39.22% 39.22%
Weighted Alpha -37.07 -37.07
5-Day Change -4-0 (-0.70%) -4-0 (-0.70%)
52-Week Range 548-0 - 942-6 548-0 - 942-6
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Wheat Futures Market News and Commentary

Wheat Starts the Week with Weakness

The wheat complex was lower across the three markets on Monday. CBT soft red wheat futures posted 1 to 3 ¾ cent losses on the day. KC HRW futures were fractionally lower to close the session. MPLS spring wheat saw 2 to 3 cent losses on the day.

Crop Progress data from USDA showed the US winter wheat 94% harvested, with 95% the normal harvest pace. The spring wheat harvest was 36% complete, behind the even with the 5-year average. Conditions were listed at 50% gd/ex, up 1%, with the Brugler500 index back up 2 points at 333.

USDA tallied wheat export shipments at 395,240 MT (14.52 mbu) during the week ending on August 14. That was down 4.73% from last week but 5.59% above the same week last year. Of that total, 65,265 MT was headed to Mexico, with 65,897 MT on its way to Japan and 51,630 MT to Egypt. Marketing year exports have totaled 4.811 MMT (176.79 mbu), which is 3.69% above the same period last year.

Russia’s wheat crop is projected to total 85.5 MMT, which is... Read more

Contract Specifications

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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
08/31/23
Expiration Date
09/14/23 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Aug 12, 2025

View Chart Details
Commercials - Long / Short
180,598 (-933)
92,574 (-8,087)
Non-Commercials - Long / Short
133,455 (+955)
222,501 (+11,436)
Producers - Long / Short
94,564 (+2,607)
74,395 (-4,068)
Swap Dealers - Long / Short
73,056 (-967)
5,201 (-1,446)
Managed Money - Long / Short
92,728 (+807)
184,602 (+9,724)
Other Reportables - Long / Short
40,727 (+148)
37,899 (+1,712)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
548-0 +3.56%
on 09/12/23
Period Open: 616-0
620-6 -8.58%
on 08/21/23
-48-4 (-7.87%)
since 08/14/23
3-Month
548-0 +3.56%
on 09/12/23
Period Open: 641-2
777-2 -26.99%
on 07/25/23
-73-6 (-11.50%)
since 06/14/23
52-Week
548-0 +3.56%
on 09/12/23
Period Open: 891-2
942-6 -39.80%
on 10/10/22
-323-6 (-36.33%)
since 09/14/22

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Most Recent Stories

More News
Wheat Starts the Week with Weakness

The wheat complex was lower across the three markets on Monday. CBT soft red wheat futures posted 1 to 3 ¾ cent losses on the day. KC HRW futures were fractionally lower to close the session. MPLS spring...

KEZ25 : 525-2 (-0.57%)
KEU25 : 503-0 (-0.64%)
MWU25 : 5.6675 (-0.18%)
ZWU25 : 501-0 (-0.35%)
ZWZ25 : 523-0 (-0.38%)
Soybeans End Monday with Losses

Soybeans eased back lower on Monday, with contracts down 1 to 2 cents on the session. The cmdtyView national average Cash Bean price was up 2 1/4 cents at $9.75 1/2. Soymeal futures were down $1.40 to...

ZSPAUS.CM : 9.7453 (-0.23%)
ZLZ25 : 53.21 (-0.21%)
ZMZ25 : 293.6 (+0.62%)
ZSX25 : 1044-4 (+0.31%)
ZSU25 : 1023-6 (+0.29%)
ZSX25 : 1044-4 (+0.31%)
ZSPX25US.CM : 9.6961 (-0.20%)
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Corn Closes Mixed, with Most Contracts Higher on Monday

Corn futures rounded out the Monday session holding steady from the midday action. Contracts were down ¾ cent for September and 1 to 2 cents higher in other front months. The CmdtyView national average...

ZCZ25 : 404-2 (-0.55%)
ZCZ25 : 404-2 (-0.55%)
ZCU25 : 381-0 (-0.52%)
ZCPZ25US.CM : 3.7437 (+0.23%)
ZCPAUS.CM : 3.6473 (-0.25%)
Shootin' the Bull about a change in narrative

With apparently no indication of the border being reopened, the narrative from last week shifts dramatically from expectations of more inventory to work with, to cattle feeders going into full competition...

Grain Spreads: Commercial Hedge Spreads

Longer Term Options to Consider

Grain Markets Were Mixed on Day 1 of the Pro Farmer Crop Tour Ft. Oliver Sloup & Marlin Bohling Ep.6

Oliver Sloup and Marlin Bohling discussed today’s grain trade along with Oliver’s findings from his route on the Pro Farmer Crop Tour.

Walsh Gamma Trader

Low-Cost Options, With Limited Risk + BULLISH AND BEARISH FEEDER CATTLE OPTION TRADES

Crop Progress

Crop Progress - 2025-08-18

MWZ25 : 5.8625 (unch)
ZSX25 : 1044-4 (+0.31%)
XBX25 : 187.25s (-0.40%)
XEU25 : 65.74 (unch)
SWV25 : 476.70s (-0.94%)
ZSBAUS.CM : -0.4621 (-1.54%)
ZOZ25 : 340-6 (+0.22%)
ZRU25 : 12.575 (-0.08%)
MLZ25 : 195.50s (+0.13%)
Y2U25 : 2,662s (unch)
ZCZ25 : 404-2 (-0.55%)
ZCDAUS-BIW.CM : 15,671,136 (unch)
A Pivotal Week Ahead Is for Grain Futures Markets. What to Watch Now.

Here’s what to watch in the corn, soybean, and wheat markets this week.

ZCZ25 : 404-2 (-0.55%)
KEZ25 : 525-2 (-0.57%)
KEZ25 : 525-2 (-0.57%)
ZSX25 : 1044-4 (+0.31%)
ZCZ25 : 404-2 (-0.55%)
ZSX25 : 1044-4 (+0.31%)
ZWZ25 : 523-0 (-0.38%)
Crop Tour Kicks Off!

Live from the fields, Oliver Sloup shares his findings from the first day of the Pro Farmer Crop Tour. Tune in!

Wheat Mostly Lower on Monday Morning

Wheat is trading with weaker winter wheat action, as spring wheat is steady. The wheat complex was mixed to round out the week with the spring wheat market reverting lower. CBT soft red wheat futures were...

KEZ25 : 525-2 (-0.57%)
KEU25 : 503-0 (-0.64%)
MWU25 : 5.6675 (-0.18%)
ZWU25 : 501-0 (-0.35%)
ZWZ25 : 523-0 (-0.38%)
Corn Easing Back Lower to Start the Week

Corn price action is down 2 to 3 cents so far on Monday morning. Futures were rallying back on Friday, with contracts up 7 to 8 ¾ cents. September managed to pull out of the week with a penny gain, as...

ZCZ25 : 404-2 (-0.55%)
ZCZ25 : 404-2 (-0.55%)
ZCU25 : 381-0 (-0.52%)
ZCPZ25US.CM : 3.7437 (+0.23%)
ZCPAUS.CM : 3.6473 (-0.25%)
Soybeans Pulling Back Early on Monday

Soybeans are down 4 to 5 cents on Monday morning. Bulls took back the Thursday losses on Friday, with gains of 12 to 14 ¾ cents. September rounded out the week with a 54 ½ cent gain, as November was...

ZSPAUS.CM : 9.7453 (-0.23%)
ZLZ25 : 53.21 (-0.21%)
ZMZ25 : 293.6 (+0.62%)
ZSX25 : 1044-4 (+0.31%)
ZSU25 : 1023-6 (+0.29%)
ZSX25 : 1044-4 (+0.31%)
ZSPX25US.CM : 9.6961 (-0.20%)
What Will the 2025 US Midwest Crop Tour Tell Us This Week?

What will we learn from this year's crop tour? Edwin Starr told us in his song War back in 1970. "Absolutely nothing..."

ZCZ25 : 404-2 (-0.55%)
ZSX25 : 1044-4 (+0.31%)
Soybean Analysis & Targets

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

ZSU25 : 1023-6 (+0.29%)
USDA grain reports surprise; Trump-Putin meeting a step

Sep grain options expire & Cattle-on-Feed next Friday

Wheat Closes Mixed as Spring Wheat Weighs on Things

The wheat complex was mixed to round out the week with the spring wheat market reverting lower. CBT soft red wheat futures were 2 to 3 cents in the green to close out the week that say September down 8...

KEZ25 : 525-2 (-0.57%)
KEU25 : 503-0 (-0.64%)
MWU25 : 5.6675 (-0.18%)
ZWU25 : 501-0 (-0.35%)
ZWZ25 : 523-0 (-0.38%)
Soybeans Rally into the Weekend

Soybeans took back the Thursday losses on Friday, with gains of 12 to 14 ¾ cents. September rounded out the week with a 54 ½ cent gain, as November was up 55 cents. The cmdtyView national average Cash...

ZSPAUS.CM : 9.7453 (-0.23%)
ZLZ25 : 53.21 (-0.21%)
ZMZ25 : 293.6 (+0.62%)
ZSX25 : 1044-4 (+0.31%)
ZSU25 : 1023-6 (+0.29%)
ZSX25 : 1044-4 (+0.31%)
ZSPX25US.CM : 9.6961 (-0.20%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 567-4
2nd Resistance Point 567-4
1st Resistance Point 567-4
Last Price 567-4s
1st Support Level 567-4
2nd Support Level 567-4
3rd Support Level 567-4

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52-Week High 942-6
Fibonacci 61.8% 792-0
Fibonacci 50% 745-3
Fibonacci 38.2% 698-6
Last Price 567-4s
52-Week Low 548-0

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