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Wheat Dec '23 (ZWZ23)

594-0s +8-6 (+1.50%) 12/14/23 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Thu, Dec 14th, 2023
Day Low
594-0
Day High
594-0
Open 0-0
Previous Close 585-2 585-2
Volume 149 149
Open Interest 217 217
Stochastic %K 63.77% 63.77%
Weighted Alpha -23.14 -23.14
5-Day Change -32-0 (-5.11%) -32-0 (-5.11%)
52-Week Range 527-4 - 829-2 527-4 - 829-2
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Wheat Futures Market News and Commentary

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. Minneapolis spring wheat futures are up 10 to 11 cents so far on Friday. 

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 average at 24%.

The French soft wheat crop was rated at 70% gd/ex per FranceAgriMer estimates, which was a 1 point improvement in the week.

Jul 25 CBOT Wheat  is at $5.42 3/4, up 16 1/4 cents,

Sep 25 CBOT Wheat  is at $5.57 3/4, up 16 cents,

Jul 25 KCBT Wheat  is at $5.38 3/4, up 16 cents,

Sep 25 KCBT Wheat  is at $5.52 3/4, up 15 1/4 cents,

Jul 25 MGEX Wheat  is at $6.31 3/4, up 11 cents,

Sep 25 MGEX Wheat  is at $6.42 1/2, up... 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
11/30/23
Expiration Date
12/14/23 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Jun 3, 2025

View Chart Details
Commercials - Long / Short
182,990 (-3,985)
87,212 (-3,702)
Non-Commercials - Long / Short
112,261 (-2,940)
209,335 (-4,621)
Producers - Long / Short
89,498 (+651)
54,933 (-2,121)
Swap Dealers - Long / Short
68,450 (-1,403)
7,237 (+1,652)
Managed Money - Long / Short
80,948 (-2,146)
175,491 (-1,458)
Other Reportables - Long / Short
31,313 (-794)
33,844 (-3,163)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
527-4 +12.61%
on 11/27/23
Period Open: 572-0
634-0 -6.31%
on 12/06/23
+22-0 (+3.85%)
since 11/14/23
3-Month
527-4 +12.61%
on 11/27/23
Period Open: 593-6
634-0 -6.31%
on 12/06/23
+0-2 (+0.04%)
since 09/14/23
52-Week
527-4 +12.61%
on 11/27/23
Period Open: 783-0
829-2 -28.37%
on 02/14/23
-189-0 (-24.14%)
since 12/14/22

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Wheat Rallying Double Digits on Friday

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KEU25 : 552-6 (+2.84%)
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Wheat Posting Friday Morning Gains

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KEU25 : 552-6 (+2.84%)
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MWN25 : 631-4 (+1.73%)
ZWN25 : 542-4 (+3.04%)
ZWU25 : 557-4 (+2.91%)
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Wheat Closes with Mixed Action

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KEU25 : 553-0 (+2.88%)
KEN25 : 539-0 (+3.11%)
MWN25 : 631-4 (+1.73%)
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WASDE

WASDE - 2025-06-12

KGN25 : 0.6514s (-0.50%)
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SWQ25 : 465.30s (-0.21%)
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ZON25 : 387-0 (+1.91%)
BJN25 : 1.8710 (-0.32%)
ZMN25 : 292.6 (-0.65%)
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Wheat Looking Higher Early on Thursday

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KEU25 : 553-0 (+2.88%)
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Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Strong Signal Strength.

Key Turning Points

3rd Resistance Point 594-0
2nd Resistance Point 594-0
1st Resistance Point 594-0
Last Price 594-0s
1st Support Level 594-0
2nd Support Level 594-0
3rd Support Level 594-0

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52-Week High 829-2
Fibonacci 61.8% 714-0
Fibonacci 50% 678-3
Fibonacci 38.2% 642-6
Last Price 594-0s
52-Week Low 527-4

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