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Hard Red Winter Wheat Dec '25 (KEZ25)

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Hard Red Winter Wheat Futures Market News and Commentary

Wheat Rallies to Close the Week

The wheat complex was in rally mode to round out the week. Chicago SRW futures posted 13 to 14 cent gains at the close, with March up 24 ¾ cents on the week. KC HRW futures were 6 to 9 cents higher on Friday, as March rallied 29 ¾ cents this week. MPLS spring wheat was 4 to 5 ½ cents in the green at the close, with the March rally at 15 ½ cents for the week.

Export sales data from this morning showed 287,974 MT of wheat sold in the week of 2/12. That was down 40.99% from last week and a 45.94% drop from the same week last year. The top buyer was Mexico at 59,000 MT, with 55,000 MT sold to the Philippines, and 46,200 MT to the Dominican Republic.

Commitment of Traders data indicated spec funds slashing 17,618 contracts from their net short position in Chicago wheat in the week of 2/17, taking the total position to 68,037 contracts. In KC wheat, they trimmed 8,887 contracts from their net short to 10,609 contracts.

A majority of the US HRW area is expected to be drie... 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
$1,760/1,600
First Notice Date
11/28/25
Expiration Date
12/12/25 (expired)

Seasonal Chart

Hard Red Winter Wheat Dec '25
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Feb 17, 2026

View Chart Details
Commercials - Long / Short
123,973 (-4,049)
111,966 (+7,503)
Non-Commercials - Long / Short
84,327 (+6,991)
91,490 (-5,799)
Producers - Long / Short
38,765 (-5,071)
101,560 (+5,156)
Swap Dealers - Long / Short
77,766 (-1,037)
2,964 (+288)
Managed Money - Long / Short
68,392 (+3,359)
79,487 (-3,558)
Other Reportables - Long / Short
15,935 (+3,632)
12,003 (-2,241)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
498-6 unch
on 12/12/25
534-0 -6.60%
on 11/14/25
-26-6 (-5.09%)
since 11/12/25
3-Month
477-2 +4.50%
on 10/14/25
540-0 -7.64%
on 11/05/25
-16-0 (-3.11%)
since 09/12/25
52-Week
477-2 +4.50%
on 10/14/25
682-6 -26.95%
on 02/19/25
-107-2 (-17.70%)
since 12/12/24

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Wheat Rallies to Close the Week

The wheat complex was in rally mode to round out the week. Chicago SRW futures posted 13 to 14 cent gains at the close, with March up 24 ¾ cents on the week. KC HRW futures were 6 to 9 cents higher on...

KEK26 : 585-2s (+1.47%)
KEH26 : 572-2s (+1.19%)
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Wheat Rally Leading the Grain Bull’s Charge on Friday

The wheat complex is in rally mode so far on Friday. Chicago SRW futures are posting 13 to 14 cent gains at the midday portion of the session. KC HRW futures are 12 to 13 1/4 cents higher on Friday. MPLS...

KEK26 : 585-2s (+1.47%)
KEH26 : 572-2s (+1.19%)
MWH26 : 5.8725s (+0.82%)
ZWH26 : 573-4s (+2.50%)
ZWK26 : 580-2s (+2.38%)
Corn Pushing Higher on Friday, with Help from Wheat

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ZSPAUS.CM : 10.7217 (-0.31%)
ZLK26 : 59.30s (-1.31%)
ZMK26 : 313.8s (+1.59%)
ZSX25 : 1112-6s (-1.70%)
ZSH26 : 1137-4s (-0.31%)
ZSK26 : 1153-2s (-0.24%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 504-1
2nd Resistance Point 503-1
1st Resistance Point 500-7
Last Price 498-6s
1st Support Level 497-5
2nd Support Level 496-5
3rd Support Level 494-3

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52-Week High 682-6
Fibonacci 61.8% 604-2
Fibonacci 50% 580-0
Fibonacci 38.2% 555-6
Last Price 498-6s
52-Week Low 477-2

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