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Wheat Dec '17 (ZWZ17)

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Wheat Futures Market News and Commentary

Wheat Sees Profit Taking on Friday

The wheat complex was lower across the winter wheat contracts on Friday, with Spring wheat holding up. Chicago SRW futures were steady to 3 ½ cents lower on the day, with May up 17 cents this week. KC HRW futures were down 5 ¼ to 10 cents on the session, though May still held up 22 ¼ cents for the week. MPLS spring wheat was 1 ½ to 4 ½ cents higher on Friday, with the weekly gain at 22 ¾ cents. Forecasts from NOAA’s 7 day QPF shifted some precip to parts of western KS and parts of OK/TX.

Managed money in CBT wheat futures and options added 3,451 contracts back to their net short position in the week of 4/21, taking it to 10,717 contracts. In KC wheat, they added 11,085 contracts to their net long position at 28,009 as of Tuesday.

Weekly Export Sales from Thursday has total export commitments at 24.67 MMT, which is 15% above the same time last year. That is 101% of the USDA export projection and near the 102% 5-year average.

IKAR estimates the Russian wheat crop at... 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
11/30/17
Expiration Date
12/14/17 (expired)

Seasonal Chart

Wheat Dec '17
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Apr 21, 2026

View Chart Details
Commercials - Long / Short
154,803 (-4,005)
130,818 (-11,738)
Non-Commercials - Long / Short
121,024 (-7,965)
146,561 (-794)
Producers - Long / Short
51,831 (-5,104)
102,637 (-9,410)
Swap Dealers - Long / Short
93,818 (+3,496)
19,027 (+69)
Managed Money - Long / Short
96,306 (-5,816)
104,690 (-2,982)
Other Reportables - Long / Short
24,718 (-2,149)
41,871 (+2,188)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
386-4 +2.20%
on 12/11/17
428-6 -7.87%
on 11/21/17
-33-0 (-7.71%)
since 11/14/17
3-Month
386-4 +2.20%
on 12/11/17
462-6 -14.64%
on 09/27/17
-48-0 (-10.84%)
since 09/14/17
52-Week
386-4 +2.20%
on 12/11/17
592-2 -33.31%
on 07/05/17
-75-2 (-16.00%)
since 12/14/16

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Wheat Sees Profit Taking on Friday

The wheat complex was lower across the winter wheat contracts on Friday, with Spring wheat holding up. Chicago SRW futures were steady to 3 ½ cents lower on the day, with May up 17 cents this week. KC...

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Wheat Falling Back into the Weekend

The wheat complex is retreating across the three exchanges on Friday Chicago SRW futures are 6 to 7 cents lower in the nearbys on the day KC HRW futures are posting 6 to 12 cent losses in most contracts...

KEN26 : 669-6s (-1.40%)
KEK26 : 659-0s (-1.16%)
MWK26 : 6.7600s (+0.22%)
ZWK26 : 608-2s (-0.41%)
ZWN26 : 616-6s (-0.56%)

Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 395-0
1st Resistance Point 395-0
Last Price 395-0s
1st Support Level 395-0
2nd Support Level 395-0
3rd Support Level N/A

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52-Week High 592-2
Fibonacci 61.8% 513-5
Fibonacci 50% 489-3
Fibonacci 38.2% 465-1
Last Price 395-0s
52-Week Low 386-4

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