Kansas City Wheat (HRW) Futures (CBOT KW)

Chicago Board of Trade · December 2026 contract · Priced in U.S. cents per bushel

Contract Overview

631.00 ¢/bu -0.83% (-5.25) Today
Nov 3, 9:32 PM UTC-6
Price performance
Open 636.25
Day's range 629.00 – 638.00
Volume 2.04K
Prev. settlement 636.25
30-day range 633.00 – 758.75
Open interest 139.17K
Bid 630.75
Ask 631.00
Expires Dec 14, 2026

CBOT · Delayed 10 min · Updated 17 min ago · Market open · closes 07:45 CT

Price Performance

December 2026 · KWZ26

Returns

1 week −3.0% −3.0% 1 week −19.50 from 650.50 on Oct 27
1 month −15.0% −15.0% 1 month −111.25 from 742.25 on Oct 5
3 months −13.7% −13.7% 3 months −100.00 from 731.00 on Aug 5
6 months −11.8% −11.8% 6 months −84.75 from 715.75 on May 5
Year to date +9.4% +9.4% year to date +54.25 from 576.75 on Dec 31, 2025
1 year +7.0% +7.0% 1 year +41.50 from 589.50 on Oct 31, 2025
  • High since Jun 27, 2025 845.25 Sep 1 · price 25.3% below
  • Low since Jun 27, 2025 565.00 Oct 13, 2025 · price 11.7% above
  • 20-session high 738.50 Oct 7 · price 14.6% below
  • 20-session low 636.25 Nov 3 · price 0.8% below
Show more

Balance Sheet

WASDE · Oct 9, 2026 · 2026/27 forecast
  • Ending stocks 740M bu From 717M bu in Sep
  • Stocks-to-use 39.8% The tightest since 2023/24

Farmbucks members get what moved in this month's WASDE, the crop and the price. Get Started for Free

USDA World Agricultural Supply and Demand Estimates for October 2026, released Oct 9: the U.S. all wheat balance sheet. Changes are against the September report.

Show more

Exports

Week ending Oct 22 · 2026/27
  • Sold this season 11.5M t 29% behind last year's pace
  • Shipped so far 7.65M t 66% of sales · 37% of USDA's forecast

Farmbucks members get the season's top buyers and the week's sales and shipments. Get Started for Free

USDA Export Sales Report for the week ending Oct 22, released Oct 29; the next one is out Nov 5 at 8:30 am ET. Season forecast: WASDE, Oct 2026.

Show more

Commitments of Traders

Tuesday, Oct 27

Net positions

FundsManaged money −1.9K −1.9K net short Managed money · Sold 8.3K on the week · most net short since Jun 9, 2026
CommercialsProducers and merchants −64.1K −64.1K net short Producers and merchants · Long 48.1K · short 112K · net +10.4K on the week
  • Funds on the week Sold 8.3K Most net short since Jun 9, 2026
  • Open interest 361K Up 6.3K on the week · 269 traders

Funds are hedge funds and other money managers (managed money). Commercials are the hedgers: farmers, elevators, processors and exporters (producers and merchants). Net is longs less shorts, in contracts of 5,000 bushels, as of Tuesday’s close.

Show more

Futures chain

KWZ26 Dec 2026 631.00 ¢/bu -5.25 -0.83%
KWH27 Mar 2027 637.50 ¢/bu -7.00 -1.09%
KWK27 May 2027 641.75 ¢/bu -6.75 -1.04%
KWN27 Jul 2027 646.50 ¢/bu -6.75 -1.03%
KWU27 Sep 2027 657.75 ¢/bu -6.25 -0.94%
KWZ27 Dec 2027 673.75 ¢/bu -5.25 -0.77%
KWH28 Mar 2028 689.75 ¢/bu -8.50 -1.22%
KWK28 May 2028 689.50 ¢/bu -9.25 -1.32%
KWN28 Jul 2028 675.00 ¢/bu -9.75 -1.42%
KWU28 Sep 2028 678.00 ¢/bu -11.00 -1.60%
KWZ28 Dec 2028 691.00 ¢/bu -9.25 -1.32%
KWH29 Mar 2029 699.50 ¢/bu -9.25 -1.31%
KWK29 May 2029 695.25 ¢/bu -9.25 -1.31%
KWN29 Jul 2029 658.75 ¢/bu -9.25 -1.38%

News Stories

BarchartBarchart•Nov 03 Wheat Faces Tuesday Weakness
Feedstuffs•Nov 03 Traders retain bearish tone Tuesday
World Grain•Nov 03 Drop in cereal imports factors in lower EU agri-food trade
BarchartBarchart•Nov 03 Wheat Falling Back on Tuesday Morning
Farms.comFarms.com•Nov 02 Brazil Election Results Weigh on Grain and Oilseed Markets
BarchartBarchart•Nov 03 Wheat Posts Monday Gains, Despite Abysmal Exports
Show more

Contract Specifications

Contract December 2026 · KWZ26
Exchange Chicago Board of Trade · KW
Contract size 5,000 bushels
Tick size ¼¢ per bushel · $12.50 per contract
Value of a 1¢ move $50 per contract
Contract months Mar, May, Sep, Dec (H, K, U, Z)
Trading hours 7:00 pm – 7:45 am and 8:30 am – 1:20 pm CT, Sun–Fri
Settlement Physical delivery

Cash Basis

USDA · Nov 3
No report

Strongest Colorado −51¢ · weakest Montana −118¢

USDA country-elevator bids against December futures, in cents per bushel; the legend runs from the weakest basis to the strongest.

Farmbucks members get each state's basis on the map, every state's regions and the terminal markets. Get Started for Free

Stocks & Acreage

Farmbucks members get USDA's grain stocks and planted area for every state on the map, with each state's change from a year ago. Get Started for Free

Crop Progress

Farmbucks members get this week's crop progress and condition for every state on the map, with each state's own report. Get Started for Free

Drought Monitor

Farmbucks members get this week's Drought Monitor for every state on the map, with each state's share in drought. Get Started for Free

DISCLAIMER: The grain price information provided on Farmbucks.com is for informational purposes only and is subject to change at any time. Prices are sourced from participating grain companies, verified farmer reports and our trusted partners such as Barchart and DTN. While we work to ensure accuracy, discrepancies may occur between the prices listed on this website and those provided by grain buyers. Users are responsible for contacting the purchaser directly to confirm current prices and selling instructions. Farmbucks does not guarantee the accuracy, completeness, or timeliness of the prices displayed and assumes no liability for decisions made based on this information.

Futures Market Data: Futures price data on Farmbucks is provided by DTN, CME Group, and ICE. This data is for informational purposes only and may be subject to delays or inaccuracies. Please consult official exchange sources or your broker for trading decisions.

Questions or Feedback: For any additional information, questions, or feedback, please visit our Contact Us page. We're here to help.