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Hard Red Wheat Dec '22 (KEZ22)

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Hard Red Wheat Futures Market News and Commentary

Wheats Weaken on Thursday

Front month wheat futures pulled back on Thursday, but closed nearly a dime off their intra-day low. CBT SRW futures went home 2 3/4 to 3 3/4 cents in the red. KC HRW futures faded by 4 to 5 cents on the day. MPLS spring wheat prices were higher with 1 1/2 to 7 1/2 cent gains in the front months. 

USDA Export Sales data showed 189,858 MT of wheat sold in the week ending 12/1, a 22% increase over the previous week. That was on the low end of the trade range of estimates of 150,000 to 350,000 MT. Accumulated wheat commitments 13.64 MMT, compared to 14.56 MMT last season.

Analysts surveyed ahead of the monthly WASDE report show an average trade estimate of 581.3 mbu for US wheat carryout. That would be a 10.3 mbu increase from November if realized. The full range is to see between 551 and 602 mbu. World stocks ideas run 262.5-276 MMT, with an average of 268 MMT. That would just be 200,000 MT over last month. 

 

Dec 22 CBOT Wheat  closed at $7.24 1/4, down 2 3/4... Read more

Contract Specifications

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Contract
KC Hard 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
KCBT
Point Value
$50
Margin/Maintenance
$3,740/3,400
First Notice Date
11/30/22
Expiration Date
12/14/22 (5 days)

Seasonal Chart

Hard Red Wheat Dec '22
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Nov 29, 2022

View Chart Details
Commercials - Long / Short
66,371 (-3,204)
78,477 (-4,504)
Non-Commercials - Long / Short
37,621 (+786)
23,996 (+1,228)
Producers - Long / Short
25,473 (-2,112)
72,620 (-2,010)
Swap Dealers - Long / Short
35,958 (+946)
917 (-456)
Managed Money - Long / Short
30,542 (+1,376)
13,690 (+1,835)
Other Reportables - Long / Short
7,079 (-590)
10,306 (-607)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
844-0 +1.95%
on 12/06/22
974-6 -11.72%
on 11/15/22
-85-2 (-9.01%)
since 11/08/22
3-Month
844-0 +1.95%
on 12/06/22
1037-4 -17.06%
on 10/10/22
-32-4 (-3.64%)
since 09/08/22
52-Week
763-4 +12.70%
on 01/14/22
1377-4 -37.53%
on 05/17/22
+45-4 (+5.58%)
since 12/08/21

More Hard Red Wheat Quotes

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Most Recent Stories

More News
Wheats Weaken on Thursday

Front month wheat futures pulled back on Thursday, but closed nearly a dime off their intra-day low. CBT SRW futures went home 2 3/4 to 3 3/4 cents in the red. KC HRW futures faded by 4 to 5 cents on the...

ZWZ22 : 724-2s (-0.38%)
ZWH23 : 751-2 (+0.67%)
ZWPAES.CM : 6.7946 (-0.43%)
KEZ22 : 860-4s (-0.46%)
KEPAWS.CM : 8.0794 (-0.49%)
MWZ22 : 927-6s (+1.64%)
Soybean Prices Rallied Double Digits

Beans closed with 11 1/2 to 14 1/4 cent gains in the nearbys, however the gains dwindled to a penny loss by the Nov 2023 contract. Meal futures were $5.40 to $7.40 stronger on the day. Front month BO prices...

ZSF23 : 1488-6 (+0.17%)
ZSPAUS.CM : 14.6221 (+0.97%)
ZSH23 : 1493-2 (+0.20%)
ZSK23 : 1498-6 (+0.20%)
Corn Closed Mixed on Inter-Year Spreads

The Thursday corn session closed with a penny to 1 1/2 cent gains. New crop prices were fractionally to 2 cents weaker on the day. Weekly corn bookings were 691,556 MT for the week that ended 12/1. That...

ZCZ22 : 633-0 (+0.16%)
ZCPAUS.CM : 6.4813 (+0.19%)
ZCH23 : 644-2 (+0.27%)
ZCK23 : 645-6 (+0.23%)
TFM Closing Commentary 12-8-2022

TFM Cash+ Take the Stress Out of Your Marketing Strategy. No hedge account. No margin calls. Just comprehensive, common-sense guidance at a great value. Learn more: https://www.totalfarmmarketing.com/tfm-cash-plus/...

Shootin' the Bull about cattle feeders

Both cash and futures were higher today.  Sale barn receipts are showing higher prices and futures today were stout. The index set a new high in this rally with the current August high of $183.16 believed...

Be Wary of the Current El Nino Talk for 2023-The Huge Tonga Volcanic Eruption is a Big Question Mark

While normal cycles going back 180 Years suggest that multi-year La Nina's tend to Morph Into El Nino's in the Third Year...The Volcanic Explosivity Index 6 Tonga Eruption in February 2022 Has a Reasonable...

Wheat Unimpressed With Export Sales

Wheat is trading both sides of the aisle this morning. MPLS spring wheat is up 1 to 11 cents per bushel. KC HRW is down 3 ¼ to 4 1.4. Chicago SRW is down ¼ to 2 ¼. USDA Export Sales data showed 189,858...

ZWZ22 : 724-2s (-0.38%)
ZWH23 : 751-2 (+0.67%)
ZWPAES.CM : 6.7946 (-0.43%)
KEZ22 : 860-4s (-0.46%)
KEPAWS.CM : 8.0794 (-0.49%)
MWZ22 : 927-6s (+1.64%)
Soybeans Highest Since September 13

January soybean futures traded at the highest price since September 13 this morning on stronger than expected weekly export sales numbers. USDA announced a sale of 718,000 MT of soybeans to “unknown...

ZSF23 : 1488-6 (+0.17%)
ZSPAUS.CM : 14.6221 (+0.97%)
ZSH23 : 1493-2 (+0.20%)
ZSK23 : 1498-6 (+0.20%)
Corn Prices HIgher on Mexico and China Buying

Corn futures are 1 to 4 cents higher at midday. This morning, USDA confirmed weekly export sales of 691,600 MT, smack dab in the middle of the range. Mexico and China were the two biggest buyers. Trade...

ZCZ22 : 633-0 (+0.16%)
ZCPAUS.CM : 6.4813 (+0.19%)
ZCH23 : 644-2 (+0.27%)
ZCK23 : 645-6 (+0.23%)
TFM Midday Update 12-8-2022

CORN March corn up 3 @ 6.40 On Friday’s report, the USDA may lower corn exports and raise ending stocks Bank CEOs are raising concerns about a recession US corn export commitments are below a year ago...

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 867-1
2nd Resistance Point 865-7
1st Resistance Point 863-1
Last Price 860-4s
1st Support Level 859-1
2nd Support Level 857-7
3rd Support Level 855-1

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52-Week High 1377-4
Fibonacci 61.8% 1143-0
Fibonacci 50% 1070-4
Fibonacci 38.2% 998-0
Last Price 860-4s
52-Week Low 763-4

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