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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
Stochastic %K 26.89% 26.89%
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 Joins the Rally on Friday to Ease Week’s Losses

The wheat complex was in rally mode across the across the three exchanges on Friday. Chicago SRW futures were up 17 to 18 cents on the day, with July slipping back over the course of the week. Kansas City HRW contracts were also 17 to 18 cents higher at the close, with the losses for July limited to 8 ½ cents for the week. Minneapolis spring wheat futures were 13 to 14 cents in the green on Friday, to close the week with July down a dime.

Weekly CFTC data showed managed money cutting back 6,561 contracts from their large net short position in Chicago wheat futures and options. They held a net short of 94,011 contracts by Tuesday. In Kansas City wheat, they trimmed 3,064 contracts from their large net short to 74,964 contracts by June 10th

USDA Export Sales data has current 2025/26 commitments at 5.191 MMT, which is the larger for the first week of the marketing year since 2019/20. That is 26.4% of the USDA projection that was updated on Thursday, and compares to a 5-year... 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 Jun 10, 2025

View Chart Details
Commercials - Long / Short
168,704 (-14,286)
75,131 (-12,081)
Non-Commercials - Long / Short
108,768 (-3,493)
202,631 (-6,704)
Producers - Long / Short
85,777 (-3,721)
52,436 (-2,497)
Swap Dealers - Long / Short
67,989 (-461)
7,757 (+520)
Managed Money - Long / Short
78,641 (-2,307)
166,310 (-9,181)
Other Reportables - Long / Short
30,127 (-1,186)
36,321 (+2,477)
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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DBA : 26.96 (-0.19%)
ZSN25 : 1069-6s (+2.64%)
SOYB : 22.29 (+2.77%)
ZWN25 : 543-6s (+3.28%)
WEAT : 4.62 (+2.90%)
CANE : 10.94 (-1.18%)
UNG : 16.36 (+1.80%)
BOIL : 52.55 (+3.59%)
RMN25 : 4,438s (+0.93%)
SBN25 : 16.13s (-0.86%)
NGN25 : 3.581s (+2.55%)
KEN25 : 540-6s (+3.44%)
Soybeans Rallies as RVO Proposal Pushes Bean Oil Up the Limit

The soybean market was well supported on Friday, following the EPA's release from this morning. Contracts closed the session with gains of 25 to 28 cents across the nearbys. That helped to push the nearby...

ZSPAUS.CM : 10.2040 (+2.59%)
ZLZ25 : 51.19s (+6.23%)
ZMN25 : 291.9s (-0.88%)
ZSX25 : 1054-6s (+2.68%)
ZSN25 : 1069-6s (+2.64%)
ZSQ25 : 1069-0s (+2.69%)
ZSPX25US.CM : 9.9500 (+2.87%)
Corn Pushes Gains into Friday’s Close

Corn futures closed out Friday trade with some strength, as July was 6 cents higher and some new crop contracts posting 2 to 3 cent gains. July corn closed the week with a 2 cent pop, with December slipping...

ZCZ25 : 443-0s (+0.57%)
ZCU25 : 428-4s (+0.53%)
ZCN25 : 444-4s (+1.37%)
ZCPZ25US.CM : 4.1038 (+0.61%)
ZCPAUS.CM : 4.2094 (+1.46%)
Wheat Joins the Rally on Friday to Ease Week’s Losses

The wheat complex was in rally mode across the across the three exchanges on Friday. Chicago SRW futures were up 17 to 18 cents on the day, with July slipping back over the course of the week. Kansas City...

KEU25 : 555-0s (+3.26%)
KEN25 : 540-6s (+3.44%)
MWN25 : 634-2s (+2.17%)
ZWN25 : 543-6s (+3.28%)
ZWU25 : 559-2s (+3.23%)
WALSH PURE SPREADER ....

SEPT ’25 CORN 440/455 CALL SPREAD

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Soybean Opportunities

Soybean oil was limit up today after the EPA’s mandated volumes exceeded market expectations. Soybeans moved 25-30 cents higher today; the high of the day was $10.71.

Soybeans Rallying on RVO News

Soybeans are trading with Friday midday gains of 24 to 27 cents at midday, following the bean oil market. The cmdtyView Cash Bean price is 25 1/2 cents higher to $10.20 1/4. Soymeal futures are down $1.80/ton,...

ZSPAUS.CM : 10.2040 (+2.59%)
ZLZ25 : 51.19s (+6.23%)
ZMN25 : 291.9s (-0.88%)
ZSX25 : 1054-6s (+2.68%)
ZSN25 : 1069-6s (+2.64%)
ZSQ25 : 1069-0s (+2.69%)
ZSPX25US.CM : 9.9500 (+2.87%)
Corn Joining in on Friday’s Buying

Corn futures are trading with 2 to 5 cent gains on Friday, in a seemingly reluctant (compared to other grains) pop into the weekend. The front month CmdtyView national average Cash Corn price is up a nickel...

ZCZ25 : 443-0s (+0.57%)
ZCU25 : 428-4s (+0.53%)
ZCN25 : 444-4s (+1.37%)
ZCPZ25US.CM : 4.1038 (+0.61%)
ZCPAUS.CM : 4.2094 (+1.46%)
Wheat Rallying Double Digits on Friday

The wheat complex is polishing off the week with gains across the three exchanges. Chicago SRW futures is up 16 to 17 cents so far on the day. Kansas City HRW contracts are 15 to 16 cents higher at midday....

KEU25 : 555-0s (+3.26%)
KEN25 : 540-6s (+3.44%)
MWN25 : 634-2s (+2.17%)
ZWN25 : 543-6s (+3.28%)
ZWU25 : 559-2s (+3.23%)
Wheat Posting Friday Morning Gains

Wheat is trading with contracts showing some strength on Friday morning. The wheat complex posted mixed action on Thursday, as winter wheat contracts gave into weakness. Chicago SRW futures posted losses...

KEU25 : 555-0s (+3.26%)
KEN25 : 540-6s (+3.44%)
MWN25 : 634-2s (+2.17%)
ZWN25 : 543-6s (+3.28%)
ZWU25 : 559-2s (+3.23%)
Corn Failing to See Buying on Friday Morning

Corn prices are slipping off fractionally to 2 cents so far on Friday morning. Futures closed with contracts fractional to 1 ½ cent gains across most contracts. Preliminary open interest was down 1,061...

ZCZ25 : 443-0s (+0.57%)
ZCU25 : 428-4s (+0.53%)
ZCN25 : 444-4s (+1.37%)
ZCPZ25US.CM : 4.1038 (+0.61%)
ZCPAUS.CM : 4.2094 (+1.46%)
Soybeans Pushing Higher on Friday AM Trade

Soybeans are trading with 1 to 3 cent gains on Friday morning. Futures faced pressure post USDA release, as contracts were down 2 to 8 ¼ cents at the close. Thursday’s preliminary open interest dropped...

ZSPAUS.CM : 10.2040 (+2.59%)
ZLZ25 : 51.19s (+6.23%)
ZMN25 : 291.9s (-0.88%)
ZSX25 : 1054-6s (+2.68%)
ZSN25 : 1069-6s (+2.64%)
ZSQ25 : 1069-0s (+2.69%)
ZSPX25US.CM : 9.9500 (+2.87%)
Chart of the Day - September Wheat

No fuel for the Bulls in today's WASDE, Bears maintain control

ZWU25 : 559-2s (+3.23%)
Wheat Closes with Mixed Action

The wheat complex posted mixed action on Thursday, as winter wheat contracts gave into weakness. Chicago SRW futures posted losses of 7 to 8 cents on the day. Kansas City HRW contracts were 2 to 4 cents...

KEU25 : 555-0s (+3.26%)
KEN25 : 540-6s (+3.44%)
MWN25 : 634-2s (+2.17%)
ZWN25 : 543-6s (+3.28%)
ZWU25 : 559-2s (+3.23%)
Corn Ends USDA Report Day with Gains

Corn futures closed with contracts fractional to 1 ½ cent gains across most contracts. The front month CmdtyView national average Cash Corn price was up 1 1/2 cents at $4.15. A wet forecast over the next...

ZCZ25 : 443-0s (+0.57%)
ZCU25 : 428-4s (+0.53%)
ZCN25 : 444-4s (+1.37%)
ZCPZ25US.CM : 4.1038 (+0.61%)
ZCPAUS.CM : 4.2094 (+1.46%)
Soybeans Close with Weakness on Thursday

Soybean futures faced pressure post USDA release, as contracts were down 2 to 8 ¼ cents at the close. The cmdtyView Cash Bean price was 7 1/2 cents lower to $9.95 3/4. Soymeal futures were up 10 to 50...

ZSPAUS.CM : 10.2040 (+2.59%)
ZLZ25 : 51.19s (+6.23%)
ZMN25 : 291.9s (-0.88%)
ZSX25 : 1054-6s (+2.68%)
ZSN25 : 1069-6s (+2.64%)
ZSQ25 : 1069-0s (+2.69%)
ZSPX25US.CM : 9.9500 (+2.87%)

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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