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Wheat Dec '23 (ZWZ23)

594-0s +8-6 (+1.50%) 12/14/23 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Thu, Dec 14th, 2023
Day Low
594-0
Day High
594-0
Open 0-0
Previous Close 585-2 585-2
Volume 149 149
Open Interest 217 217
Stochastic %K 63.77% 63.77%
Weighted Alpha -23.14 -23.14
5-Day Change -32-0 (-5.11%) -32-0 (-5.11%)
52-Week Range 527-4 - 829-2 527-4 - 829-2
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Wheat Futures Market News and Commentary

WheatWheat Back to Mixed Trade Early on Wednesday

Wheat is showing mixed action on Wednesday morning. The wheat complex was under continued pressure on Tuesday, with losses across the three markets. Chicago SRW futures were down 5 to 10 cents on Tuesday. There were 88 deliveries issued for May futures on FND.  Kansas City HRW contracts were 8 to 9 cents lower in the nearbys. There were 430 deliveries issued against May KC wheat overnight.  MPLS spring wheat posted 3 to 5 cent losses at the close. 

The 7-day QPF from NOAA shows heavy precip totals from KS to TX over the next week from 1+ to 5+ inches.

The European Commission tallies the 2024/25 soft wheat exports at 17.467 MMT from July 1 to April 27. That is a drop of 9.7 MMT from the same period last year. SovEcon raised it’s 2024/25 Russian export estimate by 0.2 MMT to 40.7 MMT. The 2025/26 projection was up 0.6 MMT at 39.7 MMT.

May 25 CBOT Wheat  closed at $5.05 3/4, down 9 3/4 cents, currently unch

Jul 25 CBOT Wheat  closed at $5.25 1/2, down 5 1/2 cent... 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
11/30/23
Expiration Date
12/14/23 (expired)

Seasonal Chart

Wheat Dec '23
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Apr 22, 2025

View Chart Details
Commercials - Long / Short
173,053 (+2,801)
82,308 (-2,206)
Non-Commercials - Long / Short
114,514 (-1,516)
208,483 (+4,127)
Producers - Long / Short
81,069 (+2,447)
57,619 (-2,150)
Swap Dealers - Long / Short
73,406 (+642)
6,111 (+232)
Managed Money - Long / Short
82,766 (+3,778)
164,627 (-599)
Other Reportables - Long / Short
31,748 (-5,294)
43,856 (+4,726)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
527-4 +12.61%
on 11/27/23
Period Open: 572-0
634-0 -6.31%
on 12/06/23
+22-0 (+3.85%)
since 11/14/23
3-Month
527-4 +12.61%
on 11/27/23
Period Open: 593-6
634-0 -6.31%
on 12/06/23
+0-2 (+0.04%)
since 09/14/23
52-Week
527-4 +12.61%
on 11/27/23
Period Open: 783-0
829-2 -28.37%
on 02/14/23
-189-0 (-24.14%)
since 12/14/22

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WheatWheat Back to Mixed Trade Early on Wednesday

Wheat is showing mixed action on Wednesday morning. The wheat complex was under continued pressure on Tuesday, with losses across the three markets. Chicago SRW futures were down 5 to 10 cents on Tuesday....

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DBA : 26.84 (-0.52%)
ZSN25 : 1043-0 (-0.93%)
SOYB : 21.51 (-0.83%)
KEN25 : 535-2 (+0.80%)
CORN : 18.81 (+0.86%)
ZWN25 : 536-4 (+2.09%)
WEAT : 4.55 (+1.60%)
ZCN25 : 477-0 (+1.44%)
TAGS : 24.89 (+0.23%)
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Wheat Slide Continues

The wheat complex was under continued pressure on Tuesday, with losses across the three markets. Chicago SRW futures were down 5 to 10 cents on Tuesday. Kansas City HRW contracts were 8 to 9 cents lower...

KEN25 : 535-2 (+0.80%)
MWK25 : 621-0 (+2.64%)
KEK25 : 520-4 (+1.02%)
ZWK25 : 517-4 (+2.32%)
ZWN25 : 536-4 (+2.09%)
Corn Collapses on Tuesday

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Wheat Pressure Continues on Tuesday

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MWK25 : 621-0 (+2.64%)
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ZWN25 : 536-2 (+2.05%)
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Grain markets opened the week on softer ground but stabilized some through Monday’s trade. That choppy trade has led to mixed markets Tuesday morning.

Wheat Buying the Fact Early on Tuesday Following Rating Improvement

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KEN25 : 535-2 (+0.80%)
MWK25 : 621-0 (+2.64%)
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ZWK25 : 517-4 (+2.32%)
ZWN25 : 536-2 (+2.05%)
Corn Leaking Lower Early on Tuesday

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Soybeans Close Monday with Mixed Action

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ZSPX25US.CM : 9.5347 (-0.90%)
ZLN25 : 48.57 (-1.54%)
ZMN25 : 297.5 (-0.23%)
ZSPAUS.CM : 9.8565 (-0.97%)
ZSK25 : 1032-2 (-0.84%)
ZSX25 : 1017-2 (-0.78%)
ZSN25 : 1043-0 (-0.93%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 594-0
2nd Resistance Point 594-0
1st Resistance Point 594-0
Last Price 594-0s
1st Support Level 594-0
2nd Support Level 594-0
3rd Support Level 594-0

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52-Week High 829-2
Fibonacci 61.8% 714-0
Fibonacci 50% 678-3
Fibonacci 38.2% 642-6
Last Price 594-0s
52-Week Low 527-4

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