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Wheat Jul '24 (ZWN24)

538-0s -16-2 (-2.93%) 07/12/24 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Fri, Jul 12th, 2024
Day Low
538-0
Day High
538-0
Open 0-0
Previous Close 554-2 554-2
Volume 90 90
Open Interest 28 28
Stochastic %K 26.69% 26.69%
Weighted Alpha -25.33 -25.33
5-Day Change -34-2 (-5.99%) -34-2 (-5.99%)
52-Week Range 537-6 - 799-0 537-6 - 799-0
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Wheat Futures Market News and Commentary

Wheat Pressure Continues as Wet Forecast Covers US

Wheat is trading with midday losses across the three markets on Wednesday. Chicago SRW futures are down 6 to 7 cents so far on the day. Kansas City HRW contracts is 7 to 8 cents in the red at midday.  MPLS spring wheat is slipping 4 to 6 cents so far on the session.

The next few days shows precipitation across much of the US, with much of the area from the Rockies to the Appalachians expecting at least an inch. Heavier total are seen in eastern KS, OK, and western MO. 

The US dollar index back up $0.800 to $99.485 so far on Wednesday, following the strength from Tuesday and putting some pressure on the market. 

Overnight, South Korean mills purchased 50,000 MT of wheat from the US. 

May 25 CBOT Wheat  is at $5.28 1/2, down 7 cents,

Jul 25 CBOT Wheat  is at $5.43 3/4, down 6 1/2 cents,

May 25 KCBT Wheat  is at $5.38 3/4, down 7 1/4 cents,

Jul 25 KCBT Wheat  is at $5.51, down 7 1/4 cents,

May 25 MGEX Wheat  is at $5.90 1/2, down 5 cents,... 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
06/28/24
Expiration Date
07/12/24 (expired)

Seasonal Chart

Wheat Jul '24
Average Price Chart for 5 Prior Jul Contracts

Commitment of Traders Positions as of Apr 15, 2025

View Chart Details
Commercials - Long / Short
170,252 (+1,290)
84,514 (+3,521)
Non-Commercials - Long / Short
116,030 (-3,514)
204,356 (-7,112)
Producers - Long / Short
78,622 (+1,401)
59,769 (+1,086)
Swap Dealers - Long / Short
72,764 (-3,079)
5,879 (-533)
Managed Money - Long / Short
78,988 (-2,698)
165,226 (-7,184)
Other Reportables - Long / Short
37,042 (-816)
39,130 (+72)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
538-0 unch
on 07/12/24
Period Open: 617-0
627-2 -14.23%
on 06/13/24
-79-0 (-12.80%)
since 06/12/24
3-Month
538-0 unch
on 07/12/24
Period Open: 570-6
720-0 -25.28%
on 05/28/24
-32-6 (-5.74%)
since 04/12/24
52-Week
537-6 +0.05%
on 03/11/24
Period Open: 681-6
799-0 -32.67%
on 07/25/23
-143-6 (-21.09%)
since 07/12/23

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Most Recent Stories

More News
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Still kicking the same dead horse, but this time with a little more enthusiasm.

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The soybean market is trading with gains of 2 to 6 cents so far on Wednesday, led by the front months. CmdtyView’s national front month Cash Bean price is up 6 1/4 cents at $9.91 1/2. Soymeal futures...

ZSPX25US.CM : 9.6447 (+0.09%)
ZLN25 : 48.34s (+0.65%)
ZMN25 : 298.6s (-0.30%)
ZSPAUS.CM : 9.9037 (+0.52%)
ZSK25 : 1040-2s (+0.51%)
ZSX25 : 1027-4s (+0.10%)
ZSN25 : 1050-2s (+0.41%)
Corn Facing Midweek Pressure

The corn market is holding onto Wednesday losses so far at midday. Contracts are down 2 to 4 cents. The front month CmdtyView national average Cash Corn price is down 2 ¾ cents at $4.46 3/4. Weekly EIA...

ZCZ25 : 454-4s (-0.76%)
ZCPAUS.CM : 4.4482 (-0.81%)
ZCPZ25US.CM : 4.2136 (-0.87%)
ZCK25 : 472-0s (-0.79%)
ZCN25 : 479-2s (-0.83%)
Wheat Pressure Continues as Wet Forecast Covers US

Wheat is trading with midday losses across the three markets on Wednesday. Chicago SRW futures are down 6 to 7 cents so far on the day. Kansas City HRW contracts is 7 to 8 cents in the red at midday. ...

KEN25 : 550-2s (-1.43%)
MWK25 : 591-4s (-0.67%)
KEK25 : 537-6s (-1.51%)
ZWK25 : 528-2s (-1.35%)
ZWN25 : 543-4s (-1.23%)
Grain Markest Mixed Wednesday Morning

Grain markets have been mixed in the overnight and early morning trade. Soybeans were initially higher overnight on trade headlines, but have given back some of that ground

The Sinclair Report April 23, 2025: Grain Markets Overview

Wheat (ZWN25): The market broke through a critical support level set on August 27, 2024, at 560. This breakdown led to a short entry at 560 on April 21, with downside targets now seen at 545, 533, and...

Wheat Slide Continuing on Wednesday

Wheat is trading with mostly weaker action so far on Wednesday morning. The wheat complex was weaker across the three market on Tuesday. Chicago SRW futures posted 2 to 3 cent losses on the day. Kansas...

KEN25 : 550-2s (-1.43%)
MWK25 : 591-4s (-0.67%)
KEK25 : 537-6s (-1.51%)
ZWK25 : 528-2s (-1.35%)
ZWN25 : 543-4s (-1.23%)
Soybeans Holding Near Steady Early on Wednesday

The soybean market is trading with contracts mixed, as front months are slightly higher and new crop slightly lower. Soybean futures popped higher on Tuesday, with contracts fractionally to 6 cents higher,...

ZSPX25US.CM : 9.6447 (+0.09%)
ZLN25 : 48.34s (+0.65%)
ZMN25 : 298.6s (-0.30%)
ZSPAUS.CM : 9.9037 (+0.52%)
ZSK25 : 1040-2s (+0.51%)
ZSX25 : 1027-4s (+0.10%)
ZSN25 : 1050-2s (+0.41%)
Corn Weakness Leaking into Wednesday

The corn market is heading lower on Wednesday, with losses of 2 to 3 cents so far on Wednesday morning. Corn futures ended the Tuesday session with contracts down 6 to 7 cents. New crop December was down...

ZCZ25 : 454-4s (-0.76%)
ZCPAUS.CM : 4.4482 (-0.81%)
ZCPZ25US.CM : 4.2136 (-0.87%)
ZCK25 : 472-0s (-0.79%)
ZCN25 : 479-2s (-0.83%)
Did Watson Overshoot in the Soybean Market?

When making an investment decision about any market, it pays to understand that market's structure. Each market has two sides: Commercial and noncommercial, the latter also known as Watson.

ZSN25 : 1050-2s (+0.41%)
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Wheat Posts Weakness on Tuesday

The wheat complex was weaker across the three market on Tuesday. Chicago SRW futures posted 2 to 3 cent losses on the day. Kansas City HRW contracts slipped 4 to 6 cents into the close. MPLS spring wheat...

KEN25 : 550-2s (-1.43%)
MWK25 : 591-4s (-0.67%)
KEK25 : 537-6s (-1.51%)
ZWK25 : 528-2s (-1.35%)
ZWN25 : 543-4s (-1.23%)
Soybeans Hold Gains on Tuesday

Soybean futures popped higher on Tuesday, with contracts fractionally to 6 cents higher, led by the nearbys. CmdtyView’s national front month Cash Bean price was up 6 3/4 cents at $9.85 1/4. Soymeal...

ZSPX25US.CM : 9.6447 (+0.09%)
ZLN25 : 48.34s (+0.65%)
ZMN25 : 298.6s (-0.30%)
ZSPAUS.CM : 9.9037 (+0.52%)
ZSK25 : 1040-2s (+0.51%)
ZSX25 : 1027-4s (+0.10%)
ZSN25 : 1050-2s (+0.41%)
Corn Falls Lower on Tuesday

Corn futures ended the Tuesday session with contracts down 6 to 7 cents. New crop December was down 6 ½ cents, as they try not to bid up for too many acres with current new crop soybean/corn ratio at...

ZCZ25 : 454-4s (-0.76%)
ZCPAUS.CM : 4.4482 (-0.81%)
ZCPZ25US.CM : 4.2136 (-0.87%)
ZCK25 : 472-0s (-0.79%)
ZCN25 : 479-2s (-0.83%)
Pure Hedge - Livestock and Grain

Ready for the Rally?

Beating a dead horse

Cattleman are weeding out the weak with prices tempting some to exit the business while on top. Margins are tight in every sector with suspect that today's fat cattle profits are merely being invested...

Wheat Losses Holding on Tuesday

The wheat complex is showing weakness on Tuesday. Chicago SRW futures are trading with fractional to 1 ¼ cent losses at midday. Kansas City HRW contracts are slipping back by 2 to 4 cents on Tuesday....

KEN25 : 550-2s (-1.43%)
MWK25 : 591-4s (-0.67%)
KEK25 : 537-6s (-1.51%)
ZWK25 : 528-2s (-1.35%)
ZWN25 : 543-4s (-1.23%)
Soybeans Popping Higher on Tuesday

Soybean futures are posting midday gains on Tuesday with contracts up 3 to 9 cents so far. CmdtyView’s national front month Cash Bean price is up 9 1/4 cents at $9.88 3/4. Soymeal futures are up $1.10/ton,...

ZSPX25US.CM : 9.6447 (+0.09%)
ZLN25 : 48.34s (+0.65%)
ZMN25 : 298.6s (-0.30%)
ZSPAUS.CM : 9.9037 (+0.52%)
ZSK25 : 1040-2s (+0.51%)
ZSX25 : 1027-4s (+0.10%)
ZSN25 : 1050-2s (+0.41%)
The Soybean Market Is Demonstrating Resilience. Here Are the Levels to Watch Before You Buy July Soybean Futures.

Soybeans are shaking off some of the malaise in the broader market.

ZSN25 : 1050-2s (+0.41%)
Corn Weakness Creeping in on Tuesday AM

Corn futures are trading with 2 to 5 cent losses so far on Tuesday morning. The corn market failed to hold the early session strength on Monday, with contracts ending the session with fractional losses...

ZCZ25 : 454-4s (-0.76%)
ZCPAUS.CM : 4.4482 (-0.81%)
ZCPZ25US.CM : 4.2136 (-0.87%)
ZCK25 : 472-0s (-0.79%)
ZCN25 : 479-2s (-0.83%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 538-0
2nd Resistance Point 538-0
1st Resistance Point 538-0
Last Price 538-0s
1st Support Level 538-0
2nd Support Level 538-0
3rd Support Level 538-0

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52-Week High 799-0
Fibonacci 61.8% 699-2
Fibonacci 50% 668-3
Fibonacci 38.2% 637-4
Last Price 538-0s
52-Week Low 537-6

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