Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
or
Menu

Wheat Dec '18 (ZWZ18)

Get Real-Time Futures
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [CBOT]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
Overview for [[ item.sessionDateDisplayLong ]]
[[ rowChartData.labelLow ]]
[[ rowChartData.lowPriceFormatted ]]
[[ rowChartData.lowPrice ]]
[[ rowChartData.labelHigh ]]
[[ rowChartData.highPriceFormatted ]]
[[ rowChartData.highPrice ]]
since [[ rowChartData.lowDate ]]
since [[ rowChartData.highDate ]]
[[ value ]] [[ value ]]

Wheat Futures Market News and Commentary

Wheat Market News and Commentary

Wheat futures are trading a penny lower this morning in the Chicago SRW but are 2-3 cents higher in most of the KC and MPLS contracts. They were fractionally to 2 1/2 cents lower in the winter wheat contracts on Tuesday while MPLS spring wheat was up to 4 1/2 cents higher. There is still significant snow cover in the Dakotas and Minnesota. As it melts, water levels are rising in that area. Brazil will begin allowing importation of 750,000 MT of US wheat under a tariff rate quota following a meeting between President Trump and Brazil’s President Bolsonaro on Tuesday.--provided by Brugler Marketing & Management
Spring Wheat Basis: 'S'-Now Big Deal

If you’re keeping up to date on my basis postings, you’ll recall my most recent piece on soybeans (“Soybean Basis: The Weight of Futures”) talked about the often-inverse relationship between futures and basis. In other words, if the futures market posts a strong rally, grain merchandisers will often soften basis a bit on the idea that futures will do a good enough job of sourcing enough supplies to meet demand. Last week saw national average soybean basis firm, slightly, despite solid gains in futures, until Friday.Spring wheat was different, though. Here we saw the national average basis (cmdty National Hard Red Spring Wheat Index minus futures) actually weaken as the futures market firmed late in the week. To be exact, the May Minneapolis futures contract gained 5 1/2 cents, paltry indeed compared to the rest of the grain and oilseed complex, while national average basis weakened 1 1/4 cents from the previous to finish at 53 1/4 cents under the May. When one considers much of the U.S. Northern Plains remains buried by feet of snow, in mid-March, it seems counter-intuitive that spring wheat basis should be weakening.Until you factor in where bushels are being held. Most of the wheat in the U.S. winds up in commercial storage, where ownership is more easily transferred from seller to buyer. Therefore, if one doesn’t have to wait for the snow to melt before pulling grain out of an on-farm bin, it creates a situation where winter (into spring) weather doesn’t create a similar search for supplies like what has been seen in corn and soybeans. Darin NewsomPresidentDarin Newsom Analysis Inc.

Contract Specifications

See More
Contract
Chicago Soft 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
$1,485/1,350
First Notice Date
11/30/18
Expiration Date
12/14/18 (expired)

Seasonal Chart

Wheat Dec '18
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Mar 12, 2019

View Chart Details
Commercials - Long / Short
170,551 (+427)
126,573 (+10,745)
Non-Commercials - Long / Short
146,011 (+6,303)
189,661 (-1,654)
Producers - Long / Short
76,877 (+2,165)
92,273 (+3,574)
Swap Dealers - Long / Short
65,186 (-7,399)
5,812 (+1,510)
Managed Money - Long / Short
86,365 (-905)
162,143 (+954)
Other Reportables - Long / Short
59,646 (+7,208)
27,518 (-2,608)
Get Realtime - Quotes and Charts for Futures Traders. Learn More

Price Performance

See More
Period Period Low Period High Performance
1-Month
492-0 +7.27%
on 11/29/18
527-6 unch
on 12/14/18
+24-6 (+4.92%)
since 11/14/18
3-Month
485-4 +8.70%
on 10/25/18
531-2 -0.66%
on 09/24/18
+16-2 (+3.18%)
since 09/14/18
52-Week
471-6 +11.87%
on 12/15/17
613-0 -13.91%
on 08/02/18
+52-2 (+10.99%)
since 12/14/17

More Wheat Quotes

All Futures
Please wait...

Most Recent Stories

More News
Daily Grain Technicals & Fundamentals

Will weather spur short covering?

Soybean Market News and Commentary

Soybean futures are mostly 2 to 3 cents lower this morning. They ended Tuesday with the front months steady to 1 3/4 cents lower. Meal futures were up $1/ton, with soy oil 20 points lower. Based on cmdtyView...

Wheat Market News and Commentary

Wheat futures are trading a penny lower this morning in the Chicago SRW but are 2-3 cents higher in most of the KC and MPLS contracts. They were fractionally to 2 1/2 cents lower in the winter wheat contracts...

Corn Market News and Commentary

Corn futures are currently fractionally lower after closing Tuesday with most contracts fractionally mixed. The national average corn index cash price according to cmdtyView is at $3.40, nearly a dime...

Heartland Headaches

Patience

Closer to a Trade Deal?

Closer to a Trade Deal?

Corn Position

Our team is keeping an eye on corn as we move into the last half of the week.

Is the Spring Low in for Corn?

Corn has been on the defense so far this week after posting a weekly reversal higher last week. The last Commitment of Traders report showed the funds at a new record...

Soybean Market News and Commentary

Soybean futures ended Tuesday with the front months steady to 1 3/4 cents lower. Meal futures were up $1/ton, with soy oil 20 points lower. Based on cmdtyView data, the national soybean index cash price...

Wheat Market News and Commentary

Wheat futures were fractionally to 2 1/2 cents lower in the winter wheat contracts on Tuesday. MPLS was firm to 4 1/2 cents higher. There is still significant snow cover in the Dakotas and Minnesota. As...

Barchart Technical Opinion

The Barchart Technical Opinion rating is a 48% Buy with a Strengthening short term outlook on maintaining the current direction.

Longer term, the trend strength is Average. Long term indicators mostly agree with the trend.

The market is approaching overbought territory. Be watchful of a trend reversal.

See More Share

Key Turning Points

2nd Resistance Point 527-6
1st Resistance Point 527-6
Last Price 527-6s
1st Support Level 527-6
2nd Support Level 527-6

See More

52-Week High 613-0
Fibonacci 61.8% 559-0
Fibonacci 50% 542-3
Last Price 527-6s
Fibonacci 38.2% 525-6
52-Week Low 471-6

See More

InsideFutures Commentary

InsideFutures is a twice weekly newsletter that features a selection of the latest and best commodities commentary appearing on Barchart.com. Delivered every Wednesday and Friday morning to your inbox.

Add Data Columns to this Table
Learn about our Custom Views
Want to use this as
your default charts setting?
Learn about our Custom Templates
Switch the Market flag
above for targeted data.
Open the menu and switch the
Market flag for targeted data.
Get Streaming Chart Updates
Switch your Site Preferences
to Interactive Chart
Read About Upcoming
Changes to This Feature
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.

Free Barchart Webinar