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MRCI's Futures Highlight - Wheat(CBOT)

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MRCI's Futures Highlight - Wheat(CBOT)

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.

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 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 - 8/2021
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 21.44($1072) 22.46($1123) 21.26($1063) 21.69($1085) 18.16($908) 21.02($1051)

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 - 8/2021
Summary
Item
Monday
Summary
Tuesday
Summary
Wednesday
Summary
Thursday
Summary
Friday
Summary
Yearly
Summary
Range 11.16($558) 10.40($520) 10.54($527) 10.53($526) 10.09($504) 10.54($527)
Closed Up 1017(47%) 1098(47%) 1158(49%) 1036(45%) 1096(48%) 5405(47%)
Closed Dn 1111(51%) 1190(51%) 1147(49%) 1216(53%) 1126(49%) 5790(51%)
Closed Uchg 33(2%) 49(2%) 41(2%) 50(2%) 56(2%) 229(2%)
Gapped up 241(11%) 203(9%) 188(8%) 206(9%) 172(8%) 1010(9%)
Un-filled Gaps Up 88(37%) 46(23%) 67(36%) 52(25%) 52(30%) 305(30%)
Gapped Down 298(14%) 193(8%) 218(9%) 214(9%) 210(9%) 1133(10%)
Un-filled Gaps Down 102(34%) 62(32%) 48(22%) 69(32%) 39(19%) 320(28%)

Daily Percent Change Summary for Wheat(CBOT)

UNCH
>0%-
<1%
+1%-
<2%
+2%-
<3%
+3%-
<4%
+4%-
<5%
+5%-
<6%
+6%-
<7%
+7%-
<8%
+8%-
<9%
+9%-
<10%
+10%-
<20%

>+20%
229 2798 1583 609 244 96 39 15 14 5 2 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%
2897 1907 644 208 82 28 13 6 3 2 0 0

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.

Wheat: No 2 sft red St Louis - Mar 12, 2021
  Period Low(Jan-Dec) Period High(Jan-Dec) Last Day Average
Year Date Price Date Price Date Price Price
2020 06/26/2020 484.00 12/31/2020 673.00 12/31/2020 673.00 575.79
2019 08/30/2019 453.00 12/31/2019 623.00 12/31/2019 623.00 516.14
2018 01/16/2018 421.00 08/06/2018 573.50 12/31/2018 536.00 499.15
2017 10/02/2017 389.00 07/05/2017 564.00 12/29/2017 432.00 435.69
2016 08/31/2016 348.00 06/08/2016 525.00 12/30/2016 398.00 431.30
2015 09/17/2015 401.00 01/06/2015 596.00 12/31/2015 420.00 480.66
2014 09/30/2014 326.00 05/06/2014 744.50 12/31/2014 594.00 577.20
2013 08/13/2013 613.00 01/30/2013 812.00 12/31/2013 640.00 699.30
2012 01/18/2012 606.50 07/19/2012 914.50 12/31/2012 768.00 750.40
2011 09/30/2011 577.50 02/09/2011 895.50 12/30/2011 632.50 705.57
2010 02/05/2010
03/31/2010
382.50 12/29/2010 797.50 12/31/2010 780.50 541.66
2009 10/05/2009 247.50 06/01/2009 569.50 12/31/2009 408.00 404.51
2008 12/04/2008
12/05/2008
331.50 02/27/2008 1194.50 12/31/2008 488.50 628.09
2007 04/03/2007 380.50 10/01/2007 910.50 12/31/2007 804.50 594.76
2006 08/22/2006 309.50 10/16/2006 508.50 12/29/2006 475.50 378.16
2005 09/27/2005 249.50 03/08/2005 386.50 12/30/2005 327.50 321.68
2004 08/12/2004 310.50 03/23/2004 426.50 12/30/2004 350.50 362.54
2003 07/08/2003 283.50 12/15/2003 450.00 12/31/2003 377.50 346.04
2002 05/22/2002
05/23/2002
268.50 10/29/2002 428.50 12/31/2002 341.50 328.26
2001 03/30/2001
04/10/2001
226.50 12/19/2001 304.50 12/31/2001 300.50 260.66
2000 08/07/2000 193.50 05/12/2000 270.50 12/29/2000 248.00 234.96
1999 07/06/1999 192.00 01/08/1999 265.50 12/30/1999 228.50 234.23
1998 10/01/1998 200.50 02/09/1998 359.50 12/31/1998 251.00 269.13
1997 07/17/1997 317.00 04/22/1997 432.50 12/31/1997 330.00 360.23
1996 10/31/1996
11/05/1996
352.00 04/25/1996 634.50 12/31/1996 384.00 463.55
1995 03/31/1995 340.00 12/11/1995 520.00 12/29/1995 513.00 416.53
1994 07/06/1994 298.00 12/27/1994 416.00 12/30/1994 407.00 349.56
1993 09/20/1993 264.00 03/25/1993
04/15/1993
04/19/1993
419.50 12/30/1993 369.00 332.35
1992 08/19/1992 294.50 02/10/1992 417.00 12/31/1992 372.50 355.10
1991 07/08/1991 248.00 12/26/1991 378.50 12/31/1991 371.50 292.76
1990 10/15/1990 242.50 01/09/1990 426.50 12/31/1990 269.00 323.79
1989 06/08/1989 371.00 05/05/1989 471.50 12/29/1989 412.50 413.47
1988 03/10/1988 284.50 12/30/1988 441.50 12/30/1988 441.50 356.20
1987 08/07/1987 243.50 12/18/1987 325.00 12/31/1987 312.00 285.44
1986 08/26/1986 234.50 04/04/1986 377.00 12/31/1986 293.50 296.99
1985 08/29/1985 265.00 03/25/1985 379.50 12/31/1985 356.50 328.51

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