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Hard Red Wheat May '22 (KEK22)

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Hard Red Wheat Futures Market News and Commentary

Wheat Mixed on Tuesday

The wheat complex is mixed so far, as the hard red contracts are posting a Turnaround Tuesday. MPLS spring wheat is leading the charge, with gains of 4 to 5 ½ cents. Kansas City contract are steady to 5 cents higher. Chicago contracts are fractionally to 3 cents in the red.

Egypt’s GASC is looking for wheat, with results expected later today, as no US offers were presented.  Japan is seeking 94,612 MT of wheat from the US and Canada, with 34,272 MT US specific. Ukraine’s ag ministry estimates the country’s 2024 wheat crop at 19 MMT, a 3.5 MMT decline from the year prior.

NASS Crop Progress data tallied 11% of the US winter wheat crop as headed, 4% above the average pace and 2% faster than last year. Winter wheat conditions slipped 1% to 55% good/excellent, in line with what the trade was expecting. That dropped the Brugler500 index score 2 points to 346, with most coming from HRW country. Much of the deteriorating conditions came in KS, down 15 points to 326, with OK dow... 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
$2,420/2,200
First Notice Date
04/29/22
Expiration Date
05/13/22 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Apr 9, 2024

View Chart Details
Commercials - Long / Short
113,931 (-571)
72,090 (-4,880)
Non-Commercials - Long / Short
63,243 (-6,794)
102,699 (-2,807)
Producers - Long / Short
41,847 (+3,139)
60,130 (-1,379)
Swap Dealers - Long / Short
61,616 (-601)
1,492 (-392)
Managed Money - Long / Short
46,206 (-6,459)
90,746 (-2,729)
Other Reportables - Long / Short
17,037 (-335)
11,953 (-78)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
1079-0 +16.10%
on 05/03/22
1270-0 -1.36%
on 05/13/22
+78-6 (+6.71%)
since 04/13/22
3-Month
800-6 +56.45%
on 02/15/22
1299-4 -3.60%
on 03/07/22
+425-6 (+51.48%)
since 02/11/22
52-Week
608-0 +106.04%
on 07/07/21
1299-4 -3.60%
on 03/07/22
+573-6 (+84.50%)
since 05/13/21

More Hard Red Wheat Quotes

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Most Recent Stories

More News
Wheat Mixed on Tuesday

The wheat complex is mixed so far, as the hard red contracts are posting a Turnaround Tuesday. MPLS spring wheat is leading the charge, with gains of 4 to 5 ½ cents. Kansas City contract are steady to...

ZWK24 : 549-6s (-0.36%)
ZWN24 : 564-6s (-0.48%)
KEK24 : 587-4s (+0.60%)
KEN24 : 583-0s (+0.39%)
MWK24 : 638-2s (+0.20%)
Soybeans Posting Double Digit Losses Amid Product Pressure

Soybeans are trading lower across the board on Tuesday, as front months are down 8 ½ to 11 ½ cents at midday. Soymeal futures are also in the red, with losses of $2.10 to $2.40. Soy Oil is showing 63...

ZMN24 : 336.8s (-0.82%)
ZLN24 : 45.48s (-1.15%)
ZSK24 : 1145-0s (-1.14%)
ZSPAUS.CM : 10.9105 (-1.20%)
ZSN24 : 1160-0s (-1.02%)
ZSX24 : 1158-4s (-0.75%)
ZSPX24US.CM : 10.9811 (-0.79%)
Corn Stuck Lower at Midday

Corn futures are still stuck in negative territory at midday on Tuesday, as contracts are fractionally to 2 cents lower across most contracts. Rains were rolling through the Northern Plains overnight,...

ZCK24 : 431-0s (-0.12%)
ZCPAUS.CM : 4.1350 (-0.02%)
ZCN24 : 442-6s (-0.34%)
ZCZ24 : 467-2s (-0.43%)
ZCPZ24US.CM : 4.3542 (-0.45%)
Top 100 Stocks to Buy: BRF S.A. Is Flying Up the Charts

On Monday, the Latin American food processor jumped 56 spots in Barchart’s Top 100 Stocks to Buy. If you're naturally aggressive, the penny stock could be worth a small wager. Here’s why.

BRFS : 3.40 (-2.02%)
Beans Continue to Leak Lower Overnight

Soybeans are down 2 to 4 cents in the front months following the overnight trade. Bean futures fell anywhere from 5 ½ to 15 ¾ cents on Monday, as the front months felt the brunt of the impact. May was...

ZMN24 : 336.8s (-0.82%)
ZLN24 : 45.48s (-1.15%)
ZSK24 : 1145-0s (-1.14%)
ZSPAUS.CM : 10.9105 (-1.20%)
ZSN24 : 1160-0s (-1.02%)
ZSX24 : 1158-4s (-0.75%)
ZSPX24US.CM : 10.9811 (-0.79%)
Wheat Finding Strength in Spring Wheat, Weakness in Winters

The wheat complex is mixed so far on Tuesday morning, with MPLS up2 to 7 cents after overnight trade. CBT SRW futures are down 1 to 3 ¼ with KS 1 to 2 cents lower. The three markets posted losses on Monday....

ZWK24 : 549-6s (-0.36%)
ZWN24 : 564-6s (-0.48%)
KEK24 : 587-4s (+0.60%)
KEN24 : 583-0s (+0.39%)
MWK24 : 638-2s (+0.20%)
Corn Lower to Start Tuesday

Overnight action has corn prices down 1 to 2 cents this morning. Futures ended the Monday session with contracts 1 3/4 to 4 cents lower. May never recovered from early weakness and closed with a 4 cent...

ZCK24 : 431-0s (-0.12%)
ZCPAUS.CM : 4.1350 (-0.02%)
ZCN24 : 442-6s (-0.34%)
ZCZ24 : 467-2s (-0.43%)
ZCPZ24US.CM : 4.3542 (-0.45%)
A Choppy Grain Trade

Grain markets have been in a choppy rangebound trade recently which could setup traders with more shorter-term opportunities.

Corn Leaks Lower, USDA Confirms Speedy Early Planting Pace

Corn prices ended the Monday session with contracts 1 3/4 to 4 cents lower across the board. May never recovered from early weakness and closed with a 4 cent loss, while December was down 2 ¾ cents. ...

ZCK24 : 431-0s (-0.12%)
ZCPAUS.CM : 4.1350 (-0.02%)
ZCN24 : 442-6s (-0.34%)
ZCZ24 : 467-2s (-0.43%)
ZCPZ24US.CM : 4.3542 (-0.45%)
Wheat Closes Lower, USDA Reports Lower Conditions

The wheat complex posted losses across the three exchanged on Monday. Kansas City was 2 ¾ to 6 ¼ cents lower on the session. Chicago contracts were fractionally to 4 ¼ cents lower at the close. MPLS...

ZWK24 : 549-6s (-0.36%)
ZWN24 : 564-6s (-0.48%)
KEK24 : 587-4s (+0.60%)
KEN24 : 583-0s (+0.39%)
MWK24 : 638-2s (+0.20%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 1281-4
2nd Resistance Point 1275-6
1st Resistance Point 1264-2
Last Price 1252-6s
1st Support Level 1247-0
2nd Support Level 1241-2
3rd Support Level 1229-6

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52-Week High 1299-4
Last Price 1252-6s
Fibonacci 61.8% 1035-3
Fibonacci 50% 953-6
Fibonacci 38.2% 872-1
52-Week Low 608-0

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