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MRCI's Futures Highlight - Wheat(KCBT)

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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 - 8/2021
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 21.31($1065) 21.49($1075) 20.46($1023) 20.53($1027) 18.22($911) 20.40($1020)

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 - 8/2021
Summary
Item
Monday
Summary
Tuesday
Summary
Wednesday
Summary
Thursday
Summary
Friday
Summary
Yearly
Summary
Range 10.08($504) 9.36($468) 9.48($474) 9.46($473) 9.11($456) 9.49($475)
Closed Up 989(46%) 1102(47%) 1189(51%) 1050(46%) 1115(49%) 5445(48%)
Closed Dn 1116(52%) 1154(50%) 1091(47%) 1165(51%) 1090(48%) 5616(50%)
Closed Uchg 42(2%) 65(3%) 49(2%) 70(3%) 58(3%) 284(3%)
Gapped up 220(10%) 208(9%) 225(10%) 220(10%) 184(8%) 1057(9%)
Un-filled Gaps Up 88(40%) 81(39%) 93(41%) 82(37%) 61(33%) 405(38%)
Gapped Down 361(17%) 273(12%) 263(11%) 266(12%) 273(12%) 1436(13%)
Un-filled Gaps Down 147(41%) 80(29%) 56(21%) 84(32%) 84(31%) 451(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%
284 3221 1407 487 194 74 35 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%
3204 1646 495 169 61 29 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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