MRCI hopes this profile of the CBOT Wheat futures contract, with
its statistics and feature studies, will help you derive wise trading decisions from its presentation of
long-term perspective, computer analysis, and historical background. This additional history is designed
to complement the body of knowledge contained in any seasonal patterns and strategies published. The weekly
and monthly charts on this page depict prices for nearby contracts, which most closely reflect the
underlying cash market.
The table below offers a statistical analysis of historical daily trading in the CBOT Wheat futures.
The average range for each day of the week in each year and overall has been computed for purposes of comparison and
further insight into the dynamics of this market.
MRCI's Nearby Futures Range Detail for Wheat(CBOT) from 1/1976 - 3/2024
Calendar Year
Monday Avg Rng
Tuesday Avg Rng
Wednesday Avg Rng
Thursday Avg Rng
Friday Avg Rng
Yearly Avg Rng
1976
8.76($438)
7.76($388)
7.50($375)
8.55($428)
7.01($350)
7.91($396)
1977
4.97($249)
4.02($201)
3.99($200)
3.50($175)
3.54($177)
3.99($199)
1978
6.95($348)
5.80($290)
6.31($316)
5.44($272)
6.21($311)
6.13($307)
1979
8.98($449)
9.16($458)
9.26($463)
9.25($463)
8.61($431)
9.05($453)
1980
11.52($576)
9.08($454)
10.23($511)
9.63($481)
8.82($441)
9.85($492)
1981
9.40($470)
7.92($396)
6.72($336)
7.27($363)
6.81($340)
7.61($381)
1982
6.70($335)
5.73($287)
5.59($280)
5.93($296)
5.98($299)
5.98($299)
1983
6.29($314)
5.98($299)
6.36($318)
6.07($304)
4.89($244)
5.91($296)
1984
4.83($242)
4.76($238)
4.72($236)
4.96($248)
4.93($246)
4.84($242)
1985
4.40($220)
4.72($236)
4.56($228)
4.75($238)
4.26($213)
4.54($227)
1986
5.97($299)
6.19($310)
5.30($265)
6.55($327)
5.00($250)
5.80($290)
1987
6.23($311)
5.10($255)
4.56($228)
4.41($221)
4.74($237)
5.00($250)
1988
8.49($424)
9.13($456)
7.33($367)
8.35($417)
7.23($361)
8.10($405)
1989
5.90($295)
4.81($241)
5.21($260)
5.03($251)
5.02($251)
5.18($259)
1990
5.02($251)
4.47($224)
4.42($221)
4.75($237)
5.07($254)
4.74($237)
1991
6.38($319)
5.57($278)
5.39($270)
4.86($243)
5.18($259)
5.47($274)
1992
7.00($350)
6.50($325)
6.76($338)
6.07($303)
6.05($303)
6.47($324)
1993
5.55($278)
5.87($293)
5.55($277)
5.99($299)
5.71($286)
5.74($287)
1994
6.29($314)
6.56($328)
6.35($317)
5.78($289)
5.56($278)
6.11($305)
1995
9.53($476)
8.00($400)
7.53($377)
8.52($426)
8.17($409)
8.33($417)
1996
12.59($629)
12.37($619)
12.44($622)
11.92($596)
11.00($550)
12.06($603)
1997
8.84($442)
7.59($380)
7.18($359)
8.05($403)
7.55($378)
7.83($392)
1998
6.27($313)
5.86($293)
6.13($306)
5.71($285)
5.57($278)
5.90($295)
1999
6.06($303)
5.75($287)
6.24($312)
5.64($282)
5.64($282)
5.86($293)
2000
5.71($285)
4.94($247)
4.94($247)
5.23($261)
5.37($268)
5.23($261)
2001
5.96($298)
5.00($250)
5.49($274)
5.86($293)
5.49($274)
5.55($278)
2002
9.16($458)
8.72($436)
7.96($398)
9.04($452)
7.90($395)
8.55($427)
2003
9.09($454)
8.51($425)
9.79($490)
8.78($439)
9.00($450)
9.04($452)
2004
10.06($503)
8.74($437)
9.23($461)
8.61($431)
9.20($460)
9.15($458)
2005
7.87($393)
7.91($396)
6.84($342)
7.28($364)
7.12($356)
7.39($370)
2006
11.18($559)
11.18($559)
12.32($616)
11.74($587)
11.16($558)
11.52($576)
2007
20.23($1011)
20.27($1013)
21.79($1090)
22.15($1107)
21.13($1056)
21.13($1056)
2008
44.84($2242)
36.94($1847)
41.51($2076)
37.96($1898)
36.34($1817)
39.48($1974)
2009
22.65($1133)
19.49($974)
19.51($975)
18.36($918)
18.14($907)
19.60($980)
2010
20.33($1016)
19.24($962)
20.96($1048)
19.99($1000)
20.98($1049)
20.30($1015)
2011
24.47($1223)
28.72($1436)
27.79($1390)
28.96($1448)
25.00($1250)
27.05($1352)
2012
20.41($1021)
20.74($1037)
20.83($1041)
21.19($1060)
22.88($1144)
21.22($1061)
2013
15.57($778)
12.57($628)
13.98($699)
14.12($706)
13.54($677)
13.93($697)
2014
17.03($851)
14.48($724)
15.64($782)
15.18($759)
15.30($765)
15.51($775)
2015
15.13($756)
14.33($717)
13.90($695)
14.14($707)
13.36($668)
14.17($708)
2016
11.08($554)
10.97($549)
10.31($516)
11.14($557)
10.76($538)
10.85($542)
2017
10.59($529)
9.56($478)
9.63($481)
10.60($530)
8.74($437)
9.81($490)
2018
13.52($676)
13.38($669)
12.99($649)
13.18($659)
13.31($666)
13.27($664)
2019
12.89($644)
11.83($591)
10.55($528)
12.45($623)
11.36($568)
11.80($590)
2020
14.71($735)
12.75($637)
14.72($736)
13.53($677)
13.38($669)
13.81($690)
2021
19.86($993)
21.46($1073)
20.80($1040)
21.27($1063)
18.57($929)
20.41($1021)
2022
41.68($2084)
40.78($2039)
36.65($1833)
37.85($1892)
36.41($1821)
38.60($1930)
2023
22.16($1108)
20.62($1031)
22.75($1137)
18.42($921)
20.16($1008)
20.80($1040)
2024
17.43($871)
18.04($902)
15.29($764)
16.23($812)
17.19($859)
16.80($840)
What other characteristics do CBOT Wheat futures exhibit for various days of the
week? We ran various studies for the last 180 calendar days of trading prior to trading prior to
expiration for each contract.
MRCI's Nearby Futures Summary for Wheat(CBOT) from 1/1976 - 3/2024
The table below represents yearly low, high, last yield in the cash market for the
CBOT Wheat futures contracts. Quotes are from daily cash market price activity.
The focus on a single market each month can provide you more in-depth knowledge of how it trades. What if you knew such things as ... (1) average daily ranges by day of week (2)Â how often it tends to close higher/lower by day of week (3)Â how often it tends to gap up/down (4)Â historical summary of daily % of price change