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Hard Red Winter Wheat Dec '25 (KEZ25)

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Hard Red Winter Wheat Futures Market News and Commentary

Wheat Weakness Continues on Tuesday

The wheat market is showing losses across the winter wheats at midday, with spring wheat slightly higher. Chicago SRW futures are 1 to 2 cents lower at midday. KC HRW futures are down 4 to 5 cents on Tuesday. MPLS spring wheat is fractionally higher so far.

SovEcon estimates the Russian wheat exports for 2025/26 at 44.6 MMT, a 0.4 MMT increase from their prior number. Overnight, Russian drones hit 2 vessels entering Ukrainian ports to be loaded with wheat, according to the Ukrainian Navy.

Mar 26 CBOT Wheat  is at $5.11 1/2, down 1 1/2 cents,

May 26 CBOT Wheat  is at $5.22 3/4, down 2 cents,

Mar 26 KCBT Wheat  is at $5.23 1/4, down 4 cents,

May 26 KCBT Wheat  is at $5.36 1/4, down 4 cents,

Mar 26 MIAX Wheat  is at $5.80, up 3/4 cent,

May 26 MIAX Wheat  is at $5.90 1/2, up 3/4 cent,

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned i... 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
$1,760/1,600
First Notice Date
11/28/25
Expiration Date
12/12/25 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Dec 16, 2025

View Chart Details
Commercials - Long / Short
118,003 (+1,087)
103,568 (-5,515)
Non-Commercials - Long / Short
85,510 (+7,073)
96,568 (+14,146)
Producers - Long / Short
42,439 (+1,429)
92,110 (-5,949)
Swap Dealers - Long / Short
67,151 (-1,641)
3,045 (-865)
Managed Money - Long / Short
62,013 (+5,449)
88,622 (+14,330)
Other Reportables - Long / Short
23,497 (+1,624)
7,946 (-184)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
498-6 unch
on 12/12/25
534-0 -6.60%
on 11/14/25
-26-6 (-5.09%)
since 11/12/25
3-Month
477-2 +4.50%
on 10/14/25
540-0 -7.64%
on 11/05/25
-16-0 (-3.11%)
since 09/12/25
52-Week
477-2 +4.50%
on 10/14/25
682-6 -26.95%
on 02/19/25
-107-2 (-17.70%)
since 12/12/24

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Wheat Weakness Continues on Tuesday

The wheat market is showing losses across the winter wheats at midday, with spring wheat slightly higher. Chicago SRW futures are 1 to 2 cents lower at midday. KC HRW futures are down 4 to 5 cents on Tuesday....

KEK26 : 536-6 (-0.65%)
KEH26 : 523-6 (-0.66%)
MWH26 : 5.7950 (+0.04%)
ZWH26 : 512-4 (-0.10%)
ZWK26 : 523-6 (-0.19%)
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Wheat Reverting From Monday’s Action Early on Tuesday

Wheat is trading with mixed action, as winter wheats are stronger. The wheat complex saw mixed Monday action, with winter wheats lower and spring wheat steady. Chicago SRW futures were 5 to 6 cents lower...

KEK26 : 536-6 (-0.65%)
KEH26 : 523-6 (-0.66%)
MWH26 : 5.7950 (+0.04%)
ZWH26 : 512-4 (-0.10%)
ZWK26 : 523-6 (-0.19%)
Corn Starting Tuesday Trade with Steady Action

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ZCZ25 : 431-4s (-0.86%)
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ZCH26 : 440-6 (-0.34%)
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Soybeans Trying to Bounce on Turnaround Tuesday

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ZLH26 : 49.52 (+0.47%)
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GCY00 : 4,368.16 (+0.84%)
SIY00 : 77.6944 (+7.68%)
HGH26 : 5.7865 (+3.95%)
$CSWI : 455.59 (-1.24%)
$CRWI : 455.05 (-1.21%)
$CNCI : 403.77 (-1.76%)
$CNSI : 984.29 (-0.80%)
Hogs Drift in a Quiet Session

Hogs consolidate

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 504-1
2nd Resistance Point 503-1
1st Resistance Point 500-7
Last Price 498-6s
1st Support Level 497-5
2nd Support Level 496-5
3rd Support Level 494-3

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52-Week High 682-6
Fibonacci 61.8% 604-2
Fibonacci 50% 580-0
Fibonacci 38.2% 555-6
Last Price 498-6s
52-Week Low 477-2

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