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Hard Red Wheat Jul '23 (KEN23)

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Hard Red Wheat Futures Market News and Commentary

Wheat Rallying into the Weekend

The wheat complex is trading with the three exchanges extending gains on Friday. Chicago SRW contracts are showing 22 to 23 cent gains so far on Friday. KC HRW futures are showing 25 to 26 cent gains on the day. MPLS spring wheat is in rally mode, up 13 to 17 cents at midday.

While the US hasn’t picked up much additional export business, thoughts of the export disruptions on the Black Sea have been adding premium to the market.

Export Sales data shows wheat sales for the current marketing year at 8.342 MMT, down 31% from the same week last year. That is 40% of the USDA export projection and behind the 52% average. 

Ukraine’s Ag minister expects that the 2027 winter wheat crop “will definitely” be down from the 4.7 million hectares 11.61 million acres.

Sep 26 CBOT Wheat  is at $7.65 1/4, up 22 1/2 cents,

Dec 26 CBOT Wheat  is at $7.83 1/2, up 22 3/4 cents,

Sep 26 KCBT Wheat  is at $8.29 1/4, up 25 3/4 cents,

Dec 26 KCBT Wheat  is at $8.47 3/4... 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
$1,870/1,700
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 Aug 18, 2026

View Chart Details
Commercials - Long / Short
105,429 (-9,726)
121,751 (-8,478)
Non-Commercials - Long / Short
76,326 (+4,394)
60,252 (+1,534)
Producers - Long / Short
19,708 (-8,076)
115,846 (-6,069)
Swap Dealers - Long / Short
80,981 (+311)
1,165 (-448)
Managed Money - Long / Short
67,510 (+4,388)
36,013 (-1,503)
Other Reportables - Long / Short
8,816 (+6)
24,239 (+3,037)
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 Rallying into the Weekend

The wheat complex is trading with the three exchanges extending gains on Friday. Chicago SRW contracts are showing 22 to 23 cent gains so far on Friday. KC HRW futures are showing 25 to 26 cent gains on...

KEZ26 : 844-2s (+2.71%)
KEU26 : 827-6s (+3.02%)
MWU26 : 7.4575 (+1.77%)
ZWU26 : 767-0s (+3.26%)
ZWZ26 : 784-0s (+3.06%)
Corn Holding Higher at Midday

Corn futures are holding onto the Friday gains but the weakest of the grains, with contracts fractionally to 4 cents higher. The CmdtyView national average Cash Corn price is back up 1 1/4 cents at $4.83...

ZCZ26 : 536-4s (+0.56%)
ZCZ26 : 536-4s (+0.56%)
ZCU26 : 512-0s (+0.34%)
ZCPZ26US.CM : 5.0430 (+0.75%)
ZCPAUS.CM : 4.8432 (+0.48%)
Soybeans Rallying with Product Strength

Soybeans are trading with Friday gains of 17 to 20 cents at midday. The cmdtyView national average Cash Bean price is up 19 cents at $12.51. Soymeal futures are $8 to $8.20 higher on the day, with Soy...

ZSPAUS.CM : 12.5267 (+1.67%)
ZLZ26 : 71.06s (+3.72%)
ZMZ26 : 348.9s (+2.35%)
ZSPX26US.CM : 12.3207 (+1.73%)
ZSX26 : 1288-0s (+1.58%)
ZSU26 : 1276-2s (+1.57%)
ZSX26 : 1288-0s (+1.58%)
Wheat Prices Just Hit a 3-Year High. How to Trade HRW Wheat Here.

Consider buying a put option on December hard red winter wheat futures.

KEZ26 : 844-2s (+2.71%)
Wheat Futures Surge to Three-Year Highs as Black Sea War Risk Escalates

Wheat futures (ZW) have pushed to fresh three-year highs this week, with the rally accelerating after Russia signaled it intends to intensify attacks on Ukraine following the breakdown of peace talks....

Soybeans Pushing Double Digits Higher on Friday AM Trade

Soybeans are trading with Friday morning gains of 8 to 11 cents. Futures closed Thursday with contracts up 1 to 2 ¼ cents on the day. Open interest was up just 774 contracts on Thursday. The cmdtyView...

ZSPAUS.CM : 12.5267 (+1.67%)
ZLZ26 : 71.06s (+3.72%)
ZMZ26 : 348.9s (+2.35%)
ZSPX26US.CM : 12.3207 (+1.73%)
ZSX26 : 1288-0s (+1.58%)
ZSU26 : 1276-2s (+1.57%)
ZSX26 : 1288-0s (+1.58%)
Wheat Extends to 3-year Highs on Thursday

Wheat is extending the rally to Friday, with contracts 6 to 11 cents higher. The wheat complex pushed the recent strength to 3-year highs in the winter wheat exchanges on Thursday. Chicago SRW contracts...

KEZ26 : 844-2s (+2.71%)
KEU26 : 827-6s (+3.02%)
MWU26 : 7.4575 (+1.77%)
ZWU26 : 767-0s (+3.26%)
ZWZ26 : 784-0s (+3.06%)
Corn Back to Rally Mode Early on Friday

Corn price action is up 5 to 6 cents so far on Friday AM trade. Futures faded back on Thursday, after rallying in the first half of the week with contracts slipping 3 to 4 ¼ cents in the front months....

ZCZ26 : 536-4s (+0.56%)
ZCZ26 : 536-4s (+0.56%)
ZCU26 : 512-0s (+0.34%)
ZCPZ26US.CM : 5.0430 (+0.75%)
ZCPAUS.CM : 4.8432 (+0.48%)
DEC WHEAT-CORN SPREAD (ZWZ26-ZCZ26) - WALSH PURE SPREADER

WALSH PURE SPREADER - Pure Hedge Division

Wheat Extends to 3-year Highs on Thursday

The wheat complex pushed the recent strength to 3-year highs in the winter wheat exchanges on Thursday. Chicago SRW contracts ended the session with contracts 8 to 12 ½ cents higher. KC HRW futures posted...

KEZ26 : 844-2s (+2.71%)
KEU26 : 827-6s (+3.02%)
MWU26 : 7.4575 (+1.77%)
ZWU26 : 767-0s (+3.26%)
ZWZ26 : 784-0s (+3.06%)

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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