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Wheat May '22 (ZWK22)

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Wheat Futures Market News and Commentary

Wheat Manages to Close Mixed on Friday

The wheat market went into the weekend on a mixed note, as the soft red contracts failed to push higher. Chicago SRW futures were steady to down 1 ½ cents across the board on the day, as March was down 19 ¼ cents this week. KC HRW contracts were fractionally to 2 cents higher to close the day, with March slipping 12 ¼ cents this week. MPLS spring wheat futures settled the Friday trade steady to 3 ¾ cents in the green, led by the front months, as March’s losses were limited to just 8 ¼ cents this week.

The next week looks for precip in the eastern portions of the Southern Plains, extending into some SRW regions. The 8-14 looks wetter for much of the country, with above normal temps and no threats of any winter kill potential. 

Commitment of Traders data showed spec funds in Chicago wheat adding onto their bearish position as of 12/17, by 20,622 contracts to a net short of 87,401 contracts. In KC wheat, they trimmed 3,369 contracts from their net short to 33,067 contracts... Read more

Contract Specifications

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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
$1,925/1,750
First Notice Date
04/29/22
Expiration Date
05/13/22 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Dec 17, 2024

View Chart Details
Commercials - Long / Short
173,934 (+8,789)
92,989 (-7,874)
Non-Commercials - Long / Short
126,968 (+564)
206,308 (+20,614)
Producers - Long / Short
80,625 (+4,578)
65,017 (-11,358)
Swap Dealers - Long / Short
69,963 (+1,556)
4,626 (+829)
Managed Money - Long / Short
78,633 (-2,689)
169,948 (+20,165)
Other Reportables - Long / Short
48,335 (+3,253)
36,360 (+449)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
1029-2 +13.41%
on 05/02/22
1174-4 -0.62%
on 05/12/22
+53-6 (+4.83%)
since 04/13/22
3-Month
779-4 +49.74%
on 02/16/22
1363-4 -14.39%
on 03/08/22
+363-2 (+45.18%)
since 02/11/22
52-Week
631-6 +84.76%
on 07/09/21
1363-4 -14.39%
on 03/08/22
+464-0 (+65.98%)
since 05/13/21

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Wheat Manages to Close Mixed on Friday

The wheat market went into the weekend on a mixed note, as the soft red contracts failed to push higher. Chicago SRW futures were steady to down 1 ½ cents across the board on the day, as March was down...

KEK25 : 552-4s (+0.27%)
MWH25 : 590-2s (+0.60%)
KEH25 : 544-6s (+0.28%)
ZWH25 : 533-0s (unch)
ZWK25 : 542-6s (-0.14%)
Shootin' the Bull about lines in the sand

In my opinion, the line in the sand is definitive.  Bulls are more bullish and bears are more bearish.

Wheat Getting Pulled Higher at Midday

Wheat futures are trading with slight gains at Friday’s midday. Chicago SRW futures are up 11 to 2 cents in most contracts so far on the day. KC HRW contracts are 2 to 3 cents back higher at midday....

KEK25 : 552-4s (+0.27%)
MWH25 : 590-2s (+0.60%)
KEH25 : 544-6s (+0.28%)
ZWH25 : 533-0s (unch)
ZWK25 : 542-6s (-0.14%)
Soybeans Rallying Back Ahead of the Weekend

The soybean market is gaining back some upward momentum after a technical break lower earlier in the week. Contracts are up 11 to 13 cents at midday. CmdtyView’s national front month Cash Bean price...

ZLH25 : 39.88s (-1.34%)
ZMH25 : 302.2s (+3.85%)
ZSPAUS.CM : 9.2316 (+1.15%)
ZSF25 : 974-4s (+1.19%)
ZSX24 : 985-6s (-1.84%)
ZSH25 : 979-2s (+1.32%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 1167-2
2nd Resistance Point 1167-2
1st Resistance Point 1167-2
Last Price 1167-2s
1st Support Level 1167-2
2nd Support Level 1167-2
3rd Support Level 1167-2

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52-Week High 1363-4
Last Price 1167-2s
Fibonacci 61.8% 1084-0
Fibonacci 50% 997-5
Fibonacci 38.2% 911-2
52-Week Low 631-6

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