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Hard Red Wheat May '25 (KEK25)

578-2 +5-2 (+0.92%) 19:02 CT [CBOT]
577-6 x 2 578-2 x 16
underlying price ()
Quote Overview for Thu, Mar 13th, 2025
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Day Low
575-2
Day High
578-2
Open 575-2
Previous Close 573-0 573-0
Volume 279 279
Open Interest 132,925 132,925
Stochastic %K 35.60% 35.60%
Weighted Alpha -7.93 -7.93
5-Day Change +16-0 (+2.87%) +16-0 (+2.87%)
52-Week Range 541-4 - 784-0 541-4 - 784-0
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Hard Red Wheat Futures Market News and Commentary

Wheat Closes Mixed on Wednesday

The wheat market posted mixed action on Wednesday, as KC led the way higher. Chicago SRW futures were 2 to 3 cents in the red at the close. KC HRW futures were 1 to 3 cents higher on the session. MPLS spring wheat closed down 2 to 3 cents. 

The next week looks to be drier in the Southern Plains, with much of TX, and portions of KS/OK seeing dryness out to March 20.

Canadian wheat acreage is expected to be up 2.6% from last year in 2025 at 27.475 million acres, according to Stats Canada planting intentions data from this morning. Much of the increase is estimated from spring wheat, seen at 19.42 million acres, up 2.5% yr/yr with durum steady at 6.36 million acres.

Ahead of the Thursday morning Export Sales release, traders are expecting to see a total of 275,000 and 650,000 MT in old crop wheat sales. Sales for 2025/26 are seen at 0-100,000 MT.

Algeria purchased wheat in a tender on Wednesday, with traders estimating anywhere from 500,000 to 650,000 MT bought.... 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
CBOT
Point Value
$50
Margin/Maintenance
$2,090/1,900
First Notice Date
04/30/25 (49 days)
Expiration Date
05/14/25 (63 days)

Seasonal Chart

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

Commitment of Traders Positions as of Mar 4, 2025

View Chart Details
Commercials - Long / Short
126,188 (+8,808)
94,689 (-14,904)
Non-Commercials - Long / Short
50,098 (-1,180)
77,673 (+21,345)
Producers - Long / Short
40,879 (+8,084)
82,380 (-16,225)
Swap Dealers - Long / Short
78,555 (+353)
5,555 (+950)
Managed Money - Long / Short
28,907 (-1,841)
67,457 (+16,175)
Other Reportables - Long / Short
21,191 (+661)
10,216 (+5,170)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
541-4 +5.82%
on 03/04/25
Period Open: 602-0
642-4 -10.82%
on 02/19/25
-29-0 (-4.82%)
since 02/12/25
3-Month
541-4 +5.82%
on 03/04/25
Period Open: 570-2
642-4 -10.82%
on 02/19/25
+2-6 (+0.48%)
since 12/12/24
52-Week
541-4 +5.82%
on 03/04/25
Period Open: 633-2
784-0 -26.91%
on 05/28/24
-60-2 (-9.51%)
since 03/12/24

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Wheat Closes Mixed on Wednesday

The wheat market posted mixed action on Wednesday, as KC led the way higher. Chicago SRW futures were 2 to 3 cents in the red at the close. KC HRW futures were 1 to 3 cents higher on the session. MPLS...

KEK25 : 578-0 (+0.87%)
MWH25 : 580-4s (-0.39%)
KEH25 : 561-6s (+0.54%)
ZWH25 : 538-6s (-0.42%)
ZWK25 : 557-4 (+0.63%)
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Wheat Slipping Weaker on Wednesday

The wheat market is trading with contracts mostly weaker on Wednesday. Chicago SRW futures are 3 to 4 cents in the red on the day. KC HRW futures are steady at midday. MPLS spring wheat is down 4 to 5...

KEK25 : 578-0 (+0.87%)
MWH25 : 580-4s (-0.39%)
KEH25 : 561-6s (+0.54%)
ZWH25 : 538-6s (-0.42%)
ZWK25 : 557-4 (+0.63%)
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ZCK25 : 461-4 (+0.16%)
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Wheat Posting Marginal Losses on Wednesday Morning

The wheat market is trading with slight 1 to 4 cent losses early on Wednesday. Wheat closed lower across the three exchanges on Tuesday with more wheat expected this month for the end of the marketing...

KEK25 : 578-2s (+0.92%)
MWH25 : 580-4s (-0.39%)
KEH25 : 561-6s (+0.54%)
ZWH25 : 538-6s (-0.42%)
ZWK25 : 557-4 (+0.63%)
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ZSPX25US.CM : 9.4368 (-0.94%)
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Corn Falling Early on Wednesday

The corn market is showing early weakness on Wednesday, with contracts down 4 to 8 cents so far. Futures failed to hold the early session gains after USDA failed to trim back their ending stocks projection...

ZCZ25 : 449-2 (+0.22%)
ZCPAUS.CM : 4.2212 (-2.09%)
ZCPZ25US.CM : 4.1302 (-1.47%)
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ZCK25 : 461-4 (+0.16%)
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As has become standard, the first thing we have to check on is what was said from the market close the previous day through the early morning hours.

ZCK25 : 461-4 (+0.16%)
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ZQH25 : 95.6725 (unch)
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Wheat Holds Tuesday Losses as USDA Raises Stocks Estimate

Wheat closed lower across the three exchanges on Tuesday with more wheat expected this month for the end of the marketing year. Chicago SRW futures were down 4 to 6 cents on the day. KC HRW futures close...

KEK25 : 578-2s (+0.92%)
MWH25 : 580-4s (-0.39%)
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ZWH25 : 538-6s (-0.42%)
ZWK25 : 557-4 (+0.63%)
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ZCPAUS.CM : 4.2212 (-2.09%)
ZCPZ25US.CM : 4.1302 (-1.47%)
ZCH25 : 448-6s (-1.70%)
ZCK25 : 461-4 (+0.16%)
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ZCPAUS.CM : 4.2212 (-2.09%)
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ZCK25 : 461-4 (+0.16%)
Wheat Creeping Lower As USDA Raises Carryout Estimate

Wheat is trading with midday weakness across the three exchanges on Tuesday. Chicago SRW futures are down 2 to 5 cents so far on the day. KC HRW futures are down 4 to 5 cents in the front months. MPLS...

KEK25 : 578-2s (+0.92%)
MWH25 : 580-4s (-0.39%)
KEH25 : 561-6s (+0.54%)
ZWH25 : 538-6s (-0.42%)
ZWK25 : 557-4 (+0.63%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 590-4
2nd Resistance Point 584-0
1st Resistance Point 578-4
Last Price 578-0
1st Support Level 566-4
2nd Support Level 560-0
3rd Support Level 554-4

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52-Week High 784-0
Fibonacci 61.8% 691-3
Fibonacci 50% 662-6
Fibonacci 38.2% 634-1
Last Price 578-0
52-Week Low 541-4

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