or

Hard Red Winter Wheat Dec '25 (KEZ25)

616-2s +4-6 (+0.78%) 04/09/25 [CBOT]
602-0 x 2 630-0 x 1
underlying price ()
Quote Overview for Wed, Apr 9th, 2025
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Day Low
611-0
Day High
620-0
Open 614-0
Previous Close 611-4 611-4
Volume 4,396 4,396
Open Interest 31,102 31,102
Stochastic %K 28.97% 28.97%
Weighted Alpha -4.88 -4.88
5-Day Change +0-4 (+0.08%) +0-4 (+0.08%)
52-Week Range 580-0 - 760-0 580-0 - 760-0
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Hard Red Winter Wheat Futures Market News and Commentary

Wheat Posting Mixed Action on Wednesday

The wheat complex is mixed at midday, with the hard red contracts showing the strength. Chicago SRW futures are leaking lower with fractional to 2 cent losses. Kansas City HRW contracts are up 3 to 5 cents at midday. MPLS spring wheat is posting 4 to 5 cent gains in the front months.

USDA will release Export Sales data on Thursday morning, with the trade looking for between net reductions of 100,000 MT to net sales of 400,000 MT for old crop. New crop sales are estimated to be between 0-200,000 MT. 

US wheat ending stocks estimates will be updated on Thursday, as the trade is looking for 825 mbu. That would be up 6 mbu from last month if realized. World ending stocks are expected to  be up 0.31 MMT to 260.39 MMT according to a Reuters survey of analysts.

May 25 CBOT Wheat  is at $5.39 1/2, down 1/2 cent,

Jul 25 CBOT Wheat  is at $5.52 3/4, down 1 1/4 cents,

May 25 KCBT Wheat  is at $5.66, up 4 1/2 cents,

Jul 25 KCBT Wheat  is at $5.78, up 3 cents,... 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
$2,090/1,900
First Notice Date
11/28/25 (233 days)
Expiration Date
12/12/25 (247 days)

Seasonal Chart

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

Commitment of Traders Positions as of Apr 1, 2025

View Chart Details
Commercials - Long / Short
134,937 (+4,058)
97,929 (+2,590)
Non-Commercials - Long / Short
60,579 (+8,306)
95,461 (+10,324)
Producers - Long / Short
43,689 (+2,338)
80,714 (-1,537)
Swap Dealers - Long / Short
81,014 (-784)
6,981 (+1,623)
Managed Money - Long / Short
40,357 (+10,296)
82,318 (+7,716)
Other Reportables - Long / Short
20,222 (-1,990)
13,143 (+2,608)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
598-0 +3.05%
on 03/28/25
Period Open: 611-4
659-4 -6.56%
on 03/18/25
+4-6 (+0.78%)
since 03/07/25
3-Month
590-0 +4.45%
on 01/10/25
Period Open: 595-6
682-6 -9.74%
on 02/19/25
+20-4 (+3.44%)
since 01/09/25
52-Week
580-0 +6.25%
on 12/04/24
Period Open: 641-6
760-0 -18.91%
on 06/03/24
-25-4 (-3.97%)
since 04/09/24

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Most Recent Stories

More News
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Today's price action had a little bit for everyone.

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The corn market is showing some unwinding of the recent bull spreading at midday, with nearby contracts down fractionally. New crop December is up 1 ½ cents. The front month CmdtyView national average...

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Soybeans are looking at midday gains despite the trade war escalation overnight, as contracts are up 2 to 6 cents. CmdtyView’s national front month Cash Bean price is up 3 cents at $9.41. Soymeal futures...

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ZSK25 : 1012-6s (+2.01%)
ZSX25 : 997-0s (+1.97%)
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Wheat Posting Mixed Action on Wednesday

The wheat complex is mixed at midday, with the hard red contracts showing the strength. Chicago SRW futures are leaking lower with fractional to 2 cent losses. Kansas City HRW contracts are up 3 to 5 cents...

KEN25 : 580-2s (+0.91%)
MWK25 : 608-6s (+1.29%)
KEK25 : 568-0s (+1.16%)
ZWK25 : 542-0 (+0.37%)
ZWN25 : 555-6s (+0.32%)
Grain Markets Continue to Impress

Grain markets have done an incredible job shrugging off the chaos in the outside markets. A sign of a sound fundamental backdrop?

Corn Popping Higher to Kick Off Wednesday Trade

Corn futures are showing 1 to 3 cent gains so far on Wednesday morning. The corn market found some support on Tuesday with contracts up 4 to 5 cents in the nearbys, as new crop was leaking lower, down...

ZCZ25 : 450-6s (+1.12%)
ZCPAUS.CM : 4.4532 (+1.12%)
ZCPZ25US.CM : 4.1649 (+1.18%)
ZCK25 : 474-0s (+1.07%)
ZCN25 : 480-4s (+1.21%)
Soybeans Holding Gains Despite Tariff Escalation Overnight

The soybean market is mixed this morning, with nearby contracts up 1 to 3 cents, and new crop November down 1 ½ cents. Futures saw a continuation of the Monday spreading, as front months were up 4 ¼...

ZSPX25US.CM : 9.3402 (+2.05%)
ZLK25 : 46.19s (+2.78%)
ZMK25 : 294.5s (+1.20%)
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ZSK25 : 1012-6s (+2.01%)
ZSX25 : 997-0s (+1.97%)
ZSN25 : 1023-4s (+1.94%)
Wheat Extending Gains into Wednesday Morning

Wheat is trading with early midweek gains on Wednesday. The wheat complex posted Tuesday gains across the three markets. Chicago SRW futures saw gains of 3 to 4 cents on the session. Preliminary open interest...

KEN25 : 580-2s (+0.91%)
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KEK25 : 568-0s (+1.16%)
ZWK25 : 542-0 (+0.37%)
ZWN25 : 555-6s (+0.32%)
Corn Closes Mixed on Tuesday as Bull Spreading Continues

The corn market found some support on Tuesday with contracts up 4 to 5 cents in the nearbys, as new crop was leaking lower, down ¼ in December. The CmdtyView national average Cash Corn price was up 5...

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ZSX25 : 997-0s (+1.97%)
ZSN25 : 1023-4s (+1.94%)
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Long Term Ideas Discussed

Shootin' the Bull about exposing problems

If you think it couldn't have gotten worse, it did.  Cattle feeders saw the spread between starting feeder and finished fat widen to another historical width today.

Soybeans Fading From Early Tuesday Highs

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ZLK25 : 46.19s (+2.78%)
ZMK25 : 294.5s (+1.20%)
ZSPAUS.CM : 9.5832 (+2.17%)
ZSK25 : 1012-6s (+2.01%)
ZSX25 : 997-0s (+1.97%)
ZSN25 : 1023-4s (+1.94%)
Corn Holding Gains on Tuesday

The corn market is back up 1 to 3 cents so far on Tuesday’s midday. The CmdtyView national average Cash Corn price is up 3 cents at $4.39 1/2. USDA reported a private export sale of 240,000 MT of corn...

ZCZ25 : 450-6s (+1.12%)
ZCPAUS.CM : 4.4528 (+1.11%)
ZCPZ25US.CM : 4.1649 (+1.18%)
ZCK25 : 474-0s (+1.07%)
ZCN25 : 480-4s (+1.21%)
Wheat Gains Holding at Midday

The wheat complex is still higher on Tuesday, with contracts higher across the three markets. Chicago SRW futures are 3 to 4 cents higher on the Tuesday session. Kansas City HRW contracts are showing gains...

KEN25 : 580-2s (+0.91%)
MWK25 : 608-6s (+1.29%)
KEK25 : 568-0s (+1.16%)
ZWK25 : 542-0 (+0.37%)
ZWN25 : 555-6s (+0.32%)
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Corn Pushing Higher on Tuesday AM Trade

The corn market is continuing to sneak back higher on Tuesday morning, with contracts up 1 to 3 cents. Futures posted gains of 3 to 5 cents in the nearbys on Monday. New crop strength was lacking, as December...

ZCZ25 : 450-6s (+1.12%)
ZCPAUS.CM : 4.4528 (+1.11%)
ZCPZ25US.CM : 4.1649 (+1.18%)
ZCK25 : 474-0s (+1.07%)
ZCN25 : 480-4s (+1.21%)
Soybeans Bouncing Back on Tuesday Morning

Soybeans are trading with Tuesday morning gains of 7 to 10 cents. Futures saw some spreads working on Monday, with front months up 4 to 6 cent and new crop down 3 ¼ cents in the November. Preliminary...

ZSPX25US.CM : 9.3403 (+2.06%)
ZLK25 : 46.19s (+2.78%)
ZMK25 : 294.5s (+1.20%)
ZSPAUS.CM : 9.5832 (+2.17%)
ZSK25 : 1012-6s (+2.01%)
ZSX25 : 997-0s (+1.97%)
ZSN25 : 1023-4s (+1.94%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 629-4
2nd Resistance Point 624-6
1st Resistance Point 620-4
Last Price 616-2s
1st Support Level 611-4
2nd Support Level 606-6
3rd Support Level 602-4

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52-Week High 760-0
Fibonacci 61.8% 691-2
Fibonacci 50% 670-0
Fibonacci 38.2% 648-6
Last Price 616-2s
52-Week Low 580-0

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