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Wheat Dec '22 (ZWZ22)

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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
11/30/22
Expiration Date
12/14/22 (expired)

Seasonal Chart

Wheat Dec '22
Average Price Chart for 5 Prior Dec 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
702-4 +3.67%
on 12/06/22
843-0 -13.61%
on 11/15/22
-90-2 (-11.03%)
since 11/14/22
3-Month
702-4 +3.67%
on 12/06/22
949-6 -23.32%
on 10/10/22
-144-0 (-16.51%)
since 09/14/22
52-Week
702-4 +3.67%
on 12/06/22
1282-0 -43.19%
on 05/17/22
-61-0 (-7.73%)
since 12/14/21

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Wheat Manages to Close Mixed on Friday

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Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 728-2
2nd Resistance Point 728-2
1st Resistance Point 728-2
Last Price 728-2s
1st Support Level 728-2
2nd Support Level 728-2
3rd Support Level 728-2

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52-Week High 1282-0
Fibonacci 61.8% 1060-5
Fibonacci 50% 992-2
Fibonacci 38.2% 923-7
Last Price 728-2s
52-Week Low 702-4

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