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Hard Red Wheat Mar '25 (KEH25)

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Hard Red 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
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
KCBT
Point Value
$50
Margin/Maintenance
$2,090/1,900
First Notice Date
02/28/25 (69 days)
Expiration Date
03/14/25 (83 days)

Seasonal Chart

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

Commitment of Traders Positions as of Dec 17, 2024

View Chart Details
Commercials - Long / Short
114,339 (+1,698)
97,506 (+5,783)
Non-Commercials - Long / Short
73,560 (+1,386)
89,678 (-1,982)
Producers - Long / Short
36,400 (-1,635)
79,776 (+3,882)
Swap Dealers - Long / Short
69,811 (+1,606)
9,602 (+174)
Managed Money - Long / Short
49,717 (+1,187)
83,088 (-1,933)
Other Reportables - Long / Short
23,843 (+199)
6,590 (-49)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
535-0 +1.82%
on 12/02/24
577-2 -5.63%
on 11/21/24
-28-0 (-4.89%)
since 11/20/24
3-Month
535-0 +1.82%
on 12/02/24
638-2 -14.65%
on 10/03/24
-32-6 (-5.67%)
since 09/20/24
52-Week
535-0 +1.82%
on 12/02/24
786-2 -30.72%
on 05/28/24
-122-0 (-18.30%)
since 12/20/23

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ZCPAUS.CM : 4.1693 (+1.34%)
ZCZ24 : 430-0s (-0.41%)
ZCH25 : 446-2s (+1.25%)
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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%)
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Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 557-2
2nd Resistance Point 553-2
1st Resistance Point 549-0
Last Price 544-6s
1st Support Level 540-6
2nd Support Level 536-6
3rd Support Level 532-4

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52-Week High 786-2
Fibonacci 61.8% 690-2
Fibonacci 50% 660-5
Fibonacci 38.2% 631-0
Last Price 544-6s
52-Week Low 535-0

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