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Hard Red Winter Wheat Jul '25 (KEN25)

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Hard Red Winter Wheat Futures Market News and Commentary

Wheat Leaking Lower on Friday

Wheat is trading with mostly lower trade in early Friday action, as the market looks to close out May. The wheat complex saw some late session strength on Thursday. Chicago SRW futures were fractionally to 1 ½ cents higher. Open interest was up 3,375 contracts. KC HRW futures were 3 to 5 cents in the red at the close. OI suggested modest long liquidation, down 1,073 contracts. MPLS spring wheat was down 2 to 3 1/2 cents on the session.

Crude oil was down 15 cents at the close as several outlets were reporting the US and Iran were coming to an agreement to open the Strait of Hormuz and extend the ceasefire.

USDA will release Export Sales data on Friday, due to the Monday holiday. Analysts are looking for old crop wheat sales to be 0 to 200,000 MT in the week of 5/21, with new crop seen 100,000-300,000 MT.

The Buenos Aires Grains Exchange estimates the Argentina wheat crop at 14.2% planted. Russia’s ag ministry estimates the country’s wheat exports at 50 MMT for 2025... 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
$2,200/2,000
First Notice Date
06/30/25
Expiration Date
07/14/25 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of May 19, 2026

View Chart Details
Commercials - Long / Short
118,186 (+7,225)
123,127 (-1,665)
Non-Commercials - Long / Short
80,651 (-106)
75,235 (+8,703)
Producers - Long / Short
27,545 (+4,581)
114,010 (-641)
Swap Dealers - Long / Short
87,931 (+2,396)
6,407 (-1,272)
Managed Money - Long / Short
74,860 (+7)
44,069 (+5,923)
Other Reportables - Long / Short
5,791 (-113)
31,166 (+2,780)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
500-6 +1.00%
on 07/14/25
575-2 -12.08%
on 06/20/25
-35-0 (-6.47%)
since 06/13/25
3-Month
500-2 +1.10%
on 05/13/25
582-4 -13.18%
on 04/17/25
-64-4 (-11.31%)
since 04/14/25
52-Week
500-2 +1.10%
on 05/13/25
653-6 -22.64%
on 10/03/24
-106-0 (-17.33%)
since 07/12/24

More Hard Red Winter Wheat Quotes

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Most Recent Stories

More News
Can Wheat Continue to Rally?

Wheat prices have been rallying in 2026, as the new crop year is underway. After trading below $5 per bushel in October 2025, the price of CBOT soft red winter wheat futures reached almost $6.90 in May...

ZWN26 : 610-4 (-2.16%)
WEAT : 23.38 (-1.89%)
Soybean Gains Extending to Friday Morning with $12 in the Sights

Soybeans are trading with 3 to 4 cent gains to start the final trade session of May as the nearbys approach $12. Futures closed with Thursday gains of 9 ¼ to 15 ¼ cents at the close. Open interest rose...

ZSPAUS.CM : 11.2366 (-0.92%)
ZLN26 : 77.72 (+1.33%)
ZMN26 : 329.5 (-1.38%)
ZSPX26US.CM : 11.2094 (-0.58%)
ZSX26 : 1187-2 (-0.57%)
ZSN26 : 1184-0 (-0.88%)
ZSQ26 : 1187-4 (-0.71%)
Wheat Leaking Lower on Friday

Wheat is trading with mostly lower trade in early Friday action, as the market looks to close out May. The wheat complex saw some late session strength on Thursday. Chicago SRW futures were fractionally...

KEU26 : 660-4 (-2.40%)
KEN26 : 649-0 (-2.44%)
MWN26 : 6.6175 (-2.29%)
ZWN26 : 610-4 (-2.16%)
ZWU26 : 623-2 (-2.16%)
Corn Slipping Back on Friday Morning

Corn price action is down 2 to 3 cents so far on Friday morning. Futures closed with contracts 2 ½ to 4 ¾ cent gains across the board on Thursday. Open interest suggest a rotation of ownership, down...

ZCZ26 : 474-2 (-1.66%)
ZCU26 : 455-2 (-1.94%)
ZCN26 : 446-2 (-2.08%)
ZCPZ26US.CM : 4.3665 (-1.79%)
ZCPAUS.CM : 4.0765 (-2.25%)
What Do We Know About Supply and Demand in the Grains Sector Friday Morning?

The Grains sector will hit the quarterly finish line Friday, putting the spotlight again on real supply and demand.

ZCZ26 : 474-2 (-1.66%)
ZSN26 : 1184-0 (-0.88%)
ZCU26 : 455-2 (-1.94%)
ZSX26 : 1187-2 (-0.57%)
KEN26 : 649-0 (-2.44%)
ZWN26 : 610-4 (-2.16%)
ZCN26 : 446-2 (-2.08%)
Wheat Pulls Off Lows into the Close

The wheat complex saw some late session strength on Thursday. Chicago SRW futures were fractionally to 1 ½ cents higher. KC HRW futures were 3 to 5 cents in the red at the close. MPLS spring wheat was...

KEU26 : 660-4 (-2.40%)
KEN26 : 649-0 (-2.44%)
MWN26 : 6.6175 (-2.29%)
ZWN26 : 610-4 (-2.16%)
ZWU26 : 623-2 (-2.16%)
Soybeans Post Gains on Product Strength

Soybeans closed with Thursday gains of 9 ¼ to 15 ¼ cents at the close. The cmdtyView national average Cash Bean price was up 9 1/4 cents at $11.34. Soymeal futures were up $1.10 to $3.80, with Soy Oil...

ZSPAUS.CM : 11.2366 (-0.92%)
ZLN26 : 77.72 (+1.33%)
ZMN26 : 329.5 (-1.38%)
ZSPX26US.CM : 11.2094 (-0.58%)
ZSX26 : 1187-2 (-0.57%)
ZSN26 : 1184-0 (-0.88%)
ZSQ26 : 1187-4 (-0.71%)
Corn Posts Gains on Thursday

Corn futures closed with contracts 2 ½ to 4 ¾ cent gains across the board on Thursday. The CmdtyView national average Cash Corn price was up 4 cents to $4.17. EIA data from this morning showed 1.089...

ZCZ26 : 474-2 (-1.66%)
ZCU26 : 455-2 (-1.94%)
ZCN26 : 446-2 (-2.08%)
ZCPZ26US.CM : 4.3665 (-1.79%)
ZCPAUS.CM : 4.0765 (-2.25%)
Shootin' the Bull about the influence of Tweets

There were very few analyst's that didn't comment on the 2 minute reaction from Trump's tweet this morning.

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 514-1
2nd Resistance Point 510-3
1st Resistance Point 508-1
Last Price 505-6s
1st Support Level 502-1
2nd Support Level 498-3
3rd Support Level 496-1

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52-Week High 653-6
Fibonacci 61.8% 595-1
Fibonacci 50% 577-0
Fibonacci 38.2% 558-7
Last Price 505-6s
52-Week Low 500-2

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