Kansas City Wheat (HRW) Futures (CBOT KW)

Chicago Board of Trade · September 2027 contract · Priced in U.S. cents per bushel

Contract Overview

761.25 ¢/bu -0.23% (-1.75) Today
Sep 29, 11:58 AM UTC-5
Price performance
Open 762.00
Day's range 754.00 – 763.00
Volume 1.06K
Prev. settlement 763.00
30-day range 759.75 – 855.00
Open interest 6.26K
Bid 760.75
Ask 761.25
Expires Sep 14, 2027

CBOT · Delayed 10 min · Updated 16 min ago · Market open · closes 13:20 CT

Price Performance

September 2027 · KWU27

Returns

1 week −4.4% −4.4% 1 week −34.75 from 796.00 on Sep 22
1 month −9.6% −9.6% 1 month −80.75 from 842.00 on Aug 28
3 months +12.9% +12.9% 3 months +87.00 from 674.25 on Jun 30
6 months +11.9% +11.9% 6 months +81.00 from 680.25 on Mar 30
Year to date +24.4% +24.4% year to date +149.50 from 611.75 on Dec 31, 2025
1 year +25.2% +25.2% 1 year +153.25 from 608.00 on Sep 26, 2025
  • 52-week high 846.50 Sep 1 · price 10.1% below
  • 52-week low 589.50 Oct 10, 2025 · price 29.1% above
  • 20-session high 846.50 Sep 1 · price 10.1% below
  • 20-session low 763.00 Sep 28 · price 0.2% below
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Exports

Week ending Sep 17 · 2026/27
  • Sold this season 9.37M t 31% behind last year's pace
  • Shipped so far 6.29M t 67% of sales · 30% 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 Sep 17, released Sep 24; the next one is out Oct 1 at 8:30 am ET. Season forecast: WASDE, Sep 2026.

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Commitments of Traders

Tuesday, Sep 22

Net positions

FundsManaged money +41.7K +41.7K net long Managed money · Sold 4.0K on the week · net long for 13 weeks
CommercialsProducers and merchants −107K −107K net short Producers and merchants · Long 22.5K · short 129K · net +3.1K on the week
  • Funds on the week Sold 4.0K Net long for 13 weeks
  • Open interest 346K Down 1.4K on the week · 290 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.

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Futures chain

KWZ26 Dec 2026 741.75 ¢/bu -4.00 -0.54%
KWH27 Mar 2027 755.00 ¢/bu -2.75 -0.36%
KWK27 May 2027 760.25 ¢/bu -2.00 -0.26%
KWN27 Jul 2027 756.75 ¢/bu -2.00 -0.26%
KWU27 Sep 2027 761.25 ¢/bu -1.75 -0.23%
KWZ27 Dec 2027 770.25 ¢/bu -2.00 -0.26%
KWH28 Mar 2028 775.50 ¢/bu -11.50 -1.46%
KWK28 May 2028 766.75 ¢/bu -11.00 -1.41%
KWN28 Jul 2028 731.75 ¢/bu -14.25 -1.91%
KWU28 Sep 2028 721.25 ¢/bu -14.25 -1.94%
KWZ28 Dec 2028 732.25 ¢/bu -16.75 -2.24%
KWH29 Mar 2029 740.75 ¢/bu -16.75 -2.21%
KWK29 May 2029 736.50 ¢/bu -16.75 -2.22%
KWN29 Jul 2029 689.00 ¢/bu -16.75 -2.37%

News Stories

Brownfield Ag NewsBrownfield Ag News•Sep 29 Fair, seasonal weather covers most of the eastern Corn Belt; beneficial showers expand on much of the Plains
World Grain•Sep 29 US-China tariff cuts exclude soybeans
BarchartBarchart•Sep 29 Corn, Wheat, and Soybean Prices Face a Wet Blanket as Heavy Rains Disrupt Crops
BarchartBarchart•Sep 29 Wheat Weakness Continuing on Tuesday Morning
BarchartBarchart•Sep 29 Wheat Posts Monday Losses
Brownfield Ag NewsBrownfield Ag News•Sep 28 Soybeans dive as China keeps import tariff in place
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Contract Specifications

Contract September 2027 · KWU27
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 · Sep 28
No report

Strongest Colorado −53¢ · weakest North Dakota −148¢

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

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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.

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