MRCI's Futures Highlight

MRCI's Futures Highlight - Wheat(KCBT)

MRCI's Futures Highlight - Wheat(KCBT)

MRCI hopes this profile of the KCBT 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.

Copyright © 1989- Moore Research Center, Inc. All Rights Reserved
Some data provided by Commodity Research Bureau

The table below offers a statistical analysis of historical daily trading in the KCBT 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(KCBT) from 1/1976 - 4/2021
Calendar Year	Monday Avg Rng	Tuesday Avg Rng	Wednesday Avg Rng	Thursday Avg Rng	Friday Avg Rng	Yearly Avg Rng
1976	7.00($350)	6.22($311)	6.20($310)	6.75($338)	5.60($280)	6.34($317)
1977	3.35($167)	3.09($154)	3.00($150)	2.83($141)	2.71($136)	2.99($149)
1978	4.95($248)	3.83($191)	4.23($211)	3.74($187)	4.23($212)	4.18($209)
1979	6.45($323)	6.29($315)	6.54($327)	6.97($349)	6.35($317)	6.52($326)
1980	8.97($449)	7.17($359)	7.59($380)	7.46($373)	6.54($327)	7.54($377)
1981	7.41($370)	5.87($293)	5.11($256)	5.64($282)	5.14($257)	5.82($291)
1982	4.05($202)	3.65($183)	3.88($194)	3.62($181)	4.26($213)	3.89($194)
1983	3.82($191)	3.57($179)	3.91($195)	3.73($187)	2.99($149)	3.60($180)
1984	2.85($142)	2.83($141)	2.73($137)	2.74($137)	2.94($147)	2.82($141)
1985	2.76($138)	3.06($153)	3.02($151)	2.91($146)	2.85($143)	2.92($146)
1986	3.48($174)	4.22($211)	3.78($189)	4.76($238)	3.58($179)	3.96($198)
1987	4.71($236)	3.86($193)	3.49($174)	3.29($164)	3.55($177)	3.77($189)
1988	7.17($359)	7.40($370)	6.62($331)	6.55($328)	5.63($282)	6.67($333)
1989	4.59($230)	3.82($191)	3.86($193)	4.01($201)	4.29($215)	4.11($205)
1990	4.05($202)	3.70($185)	3.58($179)	3.87($194)	3.76($188)	3.79($190)
1991	5.55($278)	4.77($239)	4.70($235)	3.96($198)	4.61($230)	4.71($236)
1992	5.83($292)	5.72($286)	5.67($284)	5.19($260)	5.31($266)	5.54($277)
1993	4.36($218)	4.98($249)	4.78($239)	4.77($239)	4.74($237)	4.73($237)
1994	5.34($267)	5.63($281)	5.59($280)	5.33($266)	5.31($265)	5.44($272)
1995	8.96($448)	7.26($363)	7.25($363)	7.97($398)	7.58($379)	7.78($389)
1996	11.69($585)	11.70($585)	11.37($569)	11.90($595)	11.92($596)	11.72($586)
1997	9.10($455)	7.92($396)	7.30($365)	7.89($395)	7.66($383)	7.96($398)
1998	5.71($285)	5.37($269)	5.51($276)	4.87($243)	4.60($230)	5.21($261)
1999	5.46($273)	5.25($263)	5.41($270)	5.01($251)	4.98($249)	5.22($261)
2000	5.49($274)	4.69($234)	4.75($238)	5.16($258)	5.05($253)	5.02($251)
2001	5.54($277)	4.49($225)	4.51($226)	5.04($252)	4.55($228)	4.82($241)
2002	7.82($391)	7.87($394)	7.10($355)	7.85($393)	7.62($381)	7.65($383)
2003	7.62($381)	6.97($349)	8.00($400)	7.30($365)	7.93($397)	7.56($378)
2004	9.11($456)	7.94($397)	7.98($399)	7.16($358)	8.12($406)	8.04($402)
2005	7.73($386)	7.41($371)	6.87($343)	6.80($340)	6.67($333)	7.08($354)
2006	12.42($621)	11.68($584)	12.46($623)	11.92($596)	10.96($548)	11.88($594)
2007	19.13($957)	18.29($915)	19.37($968)	19.92($996)	18.77($939)	19.10($955)
2008	41.48($2074)	33.12($1656)	38.62($1931)	35.11($1756)	32.58($1629)	36.14($1807)
2009	21.36($1068)	18.35($917)	17.89($894)	17.20($860)	16.87($844)	18.31($915)
2010	18.22($911)	17.56($878)	19.30($965)	18.73($936)	19.39($970)	18.64($932)
2011	23.66($1183)	26.20($1310)	26.14($1307)	27.02($1351)	23.56($1178)	25.36($1268)
2012	19.46($973)	19.27($964)	19.71($985)	19.96($998)	21.28($1064)	19.94($997)
2013	14.67($734)	12.22($611)	12.97($648)	13.84($692)	12.96($648)	13.31($665)
2014	16.08($804)	14.86($743)	15.83($792)	15.26($763)	15.65($783)	15.53($776)
2015	15.26($763)	14.47($723)	13.62($681)	13.39($669)	12.93($647)	13.93($696)
2016	10.48($524)	10.29($514)	9.64($482)	10.09($505)	10.01($500)	10.09($505)
2017	10.72($536)	9.67($483)	9.66($483)	10.98($549)	9.06($453)	10.00($500)
2018	14.45($722)	14.19($709)	13.68($684)	13.82($691)	13.69($685)	13.96($698)
2019	12.58($629)	11.93($596)	10.25($513)	11.79($589)	10.75($538)	11.45($572)
2020	14.21($711)	12.56($628)	13.81($691)	13.32($666)	12.61($630)	13.30($665)
2021	16.69($835)	17.82($891)	17.80($890)	16.17($808)	15.75($788)	16.86($843)

What other characteristics do KCBT 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(KCBT) from 1/1976 - 4/2021
Summary Item	Monday Summary	Tuesday Summary	Wednesday Summary	Thursday Summary	Friday Summary	Yearly Summary
Range	9.98($499)	9.26($463)	9.39($470)	9.36($468)	9.04($452)	9.40($470)
Closed Up	983(46%)	1092(47%)	1180(51%)	1043(46%)	1108(49%)	5406(48%)
Closed Dn	1108(52%)	1148(50%)	1085(47%)	1157(51%)	1083(48%)	5581(50%)
Closed Uchg	42(2%)	65(3%)	49(2%)	70(3%)	57(3%)	283(3%)
Gapped up	218(10%)	208(9%)	225(10%)	219(10%)	184(8%)	1054(9%)
Un-filled Gaps Up	88(40%)	81(39%)	93(41%)	82(37%)	61(33%)	405(38%)
Gapped Down	361(17%)	272(12%)	263(11%)	266(12%)	273(12%)	1435(13%)
Un-filled Gaps Down	147(41%)	79(29%)	56(21%)	84(32%)	84(31%)	450(31%)

Daily Percent Change Summary for Wheat(KCBT)
UNCH	>0%- <1%	+1%- <2%	+2%- <3%	+3%- <4%	+4%- <5%	+5%- <6%	+6%- <7%	+7%- <8%	+8%- <9%	+9%- <10%	+10%- <20%	>+20%
283	3208	1395	481	191	71	33	17	7	2	1	0	0
	<0%- >-1%	-1%- >-2%	-2%- >-3%	-3%- >-4%	-4%- >-5%	-5%- >-6%	-6%- >-7%	-7%- >-8%	-8%- >-9%	-9%- >-10%	-10%- >-20%	<-20%
	3191	1637	487	168	58	28	6	4	2	0	0	0

The table below represents yearly low, high, last yield in the cash market for the KCBT Wheat futures contracts. Quotes are from daily cash market price activity.

Wheat: No 2 hard KC - Mar 12, 2021
	Period Low(Jan-Dec)		Period High(Jan-Dec)		Last Day		Average
Year	Date	Price	Date	Price	Date	Price	Price
2020	03/16/2020	428.75	12/31/2020	628.50	12/31/2020	628.50	498.63
2019	09/03/2019	374.75	01/04/2019	531.00	12/31/2019	483.50	443.62
2018	01/16/2018	412.00	08/06/2018	616.00	12/31/2018	503.75	507.29
2017	08/28/2017	346.75	07/05/2017	531.50	12/29/2017	410.25	395.29
2016	08/30/2016	309.75	04/20/2016	473.25	12/30/2016	351.50	389.10
2015	11/27/2015	412.00	06/30/2015	612.25	12/31/2015	443.50	488.26
2014	10/01/2014	417.00	05/06/2014	741.50	12/31/2014	514.75	548.84
2013	12/30/2013	525.25	01/18/2013	770.75	12/31/2013	530.00	646.54
2012	05/11/2012	548.00	07/20/2012	929.00	12/31/2012	768.00	736.84
2011	12/08/2011	580.50	05/27/2011	1013.00	12/30/2011	664.00	777.43
2010	06/09/2010	405.00	12/28/2010	817.50	12/31/2010	808.00	570.50
2009	09/14/2009	421.50	06/01/2009	729.00	12/31/2009	510.25	558.23
2008	10/24/2008	486.50	02/27/2008	1407.00	12/31/2008	657.00	859.05
2007	04/03/2007	496.75	12/14/2007	998.00	12/31/2007	911.50	677.20
2006	03/27/2006	421.00	10/16/2006	578.00	12/29/2006	541.75	502.44
2005	04/15/2005	358.00	12/28/2005	465.75	12/30/2005	462.50	405.72
2004	08/13/2004	350.25	03/22/2004	458.75	12/30/2004	412.00	406.18
2003	07/08/2003	298.00	12/03/2003	444.00	12/31/2003	417.25	378.42
2002	04/26/2002	305.50	09/09/2002	536.25	12/31/2002	415.25	392.94
2001	08/03/2001	302.00	03/13/2001	358.50	12/31/2001	318.50	328.47
2000	04/27/2000	258.25	10/11/2000	355.00	12/29/2000	350.50	294.75
1999	07/09/1999	238.75	01/08/1999	329.25	12/30/1999	265.75	277.83
1998	09/01/1998	257.75	02/03/1998	369.00	12/31/1998	317.50	318.95
1997	06/30/1997	324.00	04/18/1997	514.00	12/31/1997	345.00	410.96
1996	11/05/1996	445.50	04/25/1996	750.00	12/31/1996	449.75	544.14
1995	02/28/1995	376.50	12/11/1995	551.00	12/29/1995	549.00	457.89
1994	06/27/1994	332.00	12/28/1994	453.00	12/30/1994	436.00	378.86
1993	06/30/1993	296.00	12/29/1993	409.00	12/30/1993	407.00	352.27
1992	08/07/1992	310.88	02/10/1992	476.50	12/31/1992	372.00	385.00
1991	01/15/1991	261.00	12/27/1991	420.00	12/31/1991	419.00	316.15
1990	11/20/1990	267.75	01/08/1990	436.75	12/31/1990	270.50	341.03
1989	09/22/1989	406.50	05/05/1989	471.50	12/29/1989	435.50	435.27
1988	03/11/1988 03/28/1988	299.00	12/23/1988 12/27/1988	432.75	12/30/1988	431.50	365.45
1987	07/21/1987 08/07/1987	251.50	05/11/1987	324.00	12/31/1987	304.25	281.78
1986	08/26/1986	235.50	04/30/1986	374.50	12/31/1986	260.00	291.15
1985	08/08/1985	296.00	01/16/1985	380.50	12/31/1985	343.75	338.74

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