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Hard Red Wheat Jul '23 (KEN23)

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Hard Red Wheat Futures Market News and Commentary

Wheat Rally Holds Up on Monday on US/China Trade Numbers

The wheat market was sharply higher across all three exchanges on Monday, following a White House fact sheet release over the weekend. Chicago SRW futures were 17 ¾ to 28 ¾ cents higher across the board. KC HRW futures were 13 to 16 ¼ cents in the green at the close. MPLS spring wheat was up 16 ¼ to 18 ¼ cents on the day.

Crop Progress data showed the US spring wheat crop at 73% planted, now 7 percentage points ahead of the 5-year average pace of 66%. Emergence was pegged at 39%. The winter wheat crop was at 71% headed, which was 13 percentage points head of normal. Condition ratings were down 1% to 27% gd/ex. The Brugler500 index was down 6 points to 271.

Export Inspections data showed wheat at 223,972 MT (8.23 mbu) shipped in the week that ended on May 14. That was down 56.23% from last week and a 48.08% drop from the same week last year. The Philippines was the top destination of 65,999 MT, with 65,465MT to Mexico and 34,808 MT to Japan. Marketing year shipments have... Read more

Contract Specifications

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Contract
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
CBOT
Point Value
$50
Margin/Maintenance
$1,980/1,800
First Notice Date
06/30/23
Expiration Date
07/14/23 (expired)

Seasonal Chart

Hard Red Wheat Jul '23
Average Price Chart for 5 Prior Jul Contracts

Commitment of Traders Positions as of May 12, 2026

View Chart Details
Commercials - Long / Short
110,961 (+2,760)
124,792 (+1,013)
Non-Commercials - Long / Short
80,757 (+76)
66,532 (+222)
Producers - Long / Short
22,964 (-618)
114,651 (+1,501)
Swap Dealers - Long / Short
85,535 (+3,356)
7,679 (-510)
Managed Money - Long / Short
74,853 (-1,152)
38,146 (+122)
Other Reportables - Long / Short
5,904 (+1,228)
28,386 (+100)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
784-0 +3.22%
on 06/15/23
891-2 -9.20%
on 06/22/23
+23-4 (+2.99%)
since 06/14/23
3-Month
736-2 +9.92%
on 05/02/23
918-6 -11.92%
on 05/17/23
-54-0 (-6.26%)
since 04/14/23
52-Week
736-2 +9.92%
on 05/02/23
1007-0 -19.64%
on 10/10/22
-36-4 (-4.32%)
since 07/14/22

More Hard Red Wheat Quotes

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Most Recent Stories

More News
Wheat Rally Holds Up on Monday on US/China Trade Numbers

The wheat market was sharply higher across all three exchanges on Monday, following a White House fact sheet release over the weekend. Chicago SRW futures were 17 ¾ to 28 ¾ cents higher across the board....

KEU26 : 713-6s (+2.33%)
KEN26 : 703-6s (+2.29%)
MWN26 : 7.0325s (+2.63%)
ZWN26 : 664-4s (+4.52%)
ZWU26 : 677-6s (+4.31%)
Soybean Rallies Back on Monday After Chinese Details

Soybeans were up 19 ¾ to 36 cents across most contracts on Monday, as bulls took some of last week’s losses with a few more US/Chinese details known. The cmdtyView national average Cash Bean price was...

ZSPAUS.CM : 11.4895 (+3.26%)
ZLN26 : 75.63s (+2.37%)
ZMN26 : 334.5s (+0.06%)
ZSPX26US.CM : 11.3410 (+2.74%)
ZSX26 : 1201-0s (+2.58%)
ZSN26 : 1213-0s (+3.06%)
ZSQ26 : 1211-0s (+2.93%)
Corn Rallies to Start the Week on US/China Trade Details

Corn futures were in rally mode on Monday, as contracts closed 14 ½ to 21 ¼ cents higher across most 26/27 contracts. The CmdtyView national average Cash Corn price was back up 21 1/4 cents to $4.37...

ZCZ26 : 498-0s (+3.53%)
ZCU26 : 482-2s (+4.16%)
ZCN26 : 477-0s (+4.66%)
ZCPZ26US.CM : 4.5989 (+3.83%)
ZCPAUS.CM : 4.3655 (+5.11%)
Hogs Can’t Hold Early Rally and Breakdown

Hogs fail to hold early rally and settles at the lows.

Grain Spreads: Headline Driven

Grains Surge on Suprise Announcement

Shootin' the Bull in Novel size.

Thank you to Craig Purvine, from "The Cattle Range" for permission to use the charts below.  The first two charts below have little to do with predicting price direction.

Hard Red Winter Wheat: Testing $7 Resistance & 2024 Highs

We analyze KC Hard Red Winter Wheat as it battles $7 resistance and 2024 highs. Read how these technical levels impact Canadian grain market pricing.

Crop Progress

Crop Progress - 2026-05-18

MWN26 : 7.0325s (+2.63%)
ZSN26 : 1213-0s (+3.06%)
XBQ26 : 216.50s (+1.29%)
XEU26 : 69.89 (+0.10%)
SWQ26 : 436.50s (-0.46%)
ZSBAUS.CM : -0.6404 (+0.37%)
ZON26 : 373-0s (+2.54%)
ZRN26 : 12.815s (+1.95%)
MLU26 : 213.25s (+1.67%)
Y2K26 : 2,662s (unch)
ZCN26 : 477-0s (+4.66%)
ZCDAUS-BIW.CM : 15,671,136 (unch)
Grain and Cotton Bulls Are Eating ‘Humble Pie’ After Selloff, But They’re Still in Charge of Prices

The bulls are back on more solid footing after price gains on Monday.

ZSN26 : 1213-0s (+3.06%)
KEN26 : 703-6s (+2.29%)
ZCN26 : 477-0s (+4.66%)
ZMN26 : 334.5s (+0.06%)
CTN26 : 83.70s (+3.83%)
ZWN26 : 664-4s (+4.52%)
ZWN26 : 664-4s (+4.52%)
ESM26 : 7,437.75 (+0.16%)
ZSN26 : 1213-0s (+3.06%)
CTN26 : 83.70s (+3.83%)
KEN26 : 703-6s (+2.29%)
ZCN26 : 477-0s (+4.66%)
Corn Extending Rally to Monday’s Midday on US/China Trade Details

Corn futures are trading with contracts 14 to 18 cents higher across most nearbys at midday. The CmdtyView national average Cash Corn price is back up 19 3/4 cents to $4.35. Monday morning’s Export...

ZCZ26 : 498-0s (+3.53%)
ZCU26 : 482-2s (+4.16%)
ZCN26 : 477-0s (+4.66%)
ZCPZ26US.CM : 4.5989 (+3.83%)
ZCPAUS.CM : 4.3655 (+5.11%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 809-2
2nd Resistance Point 809-2
1st Resistance Point 809-2
Last Price 809-2s
1st Support Level 809-2
2nd Support Level 809-2
3rd Support Level 809-2

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52-Week High 1007-0
Fibonacci 61.8% 903-5
Fibonacci 50% 871-5
Fibonacci 38.2% 839-5
Last Price 809-2s
52-Week Low 736-2

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