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.
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 - 3/2024
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
20.05($1002)
21.21($1061)
20.13($1006)
20.65($1033)
18.95($947)
20.21($1010)
2022
40.89($2045)
38.48($1924)
35.82($1791)
37.04($1852)
35.42($1771)
37.45($1872)
2023
24.20($1210)
22.69($1134)
26.73($1337)
21.10($1055)
23.96($1198)
23.74($1187)
2024
18.20($910)
16.38($819)
14.48($724)
17.13($857)
17.10($855)
16.58($829)
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 - 3/2024
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.
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