After hitting a market low in late August, the wheat market has rallied driven by crop concerns in the EU and reduced production from Russia and Ukraine. The rise in prices from late August through September also prompted Managed funds to cover a significant portion of their net short positions. Although low Russian export prices continue to cap potential gains for US wheat, the onset of a new season introduces a range of uncertainties that could fuel market volatility. Moreover, US export sales are currently outpacing last year’s figures and those from 2022, meaning that any uptick in demand due to tighter global supplies could further lift prices.

• No new action is recommended for 2024 KC wheat. Considering the upside breakout in KC wheat back in May, we recommended buying upside July ’25 860 and 1020 calls (for their extended time frame) in case of a protracted rally. Our current strategy is to target 635 – 660 versus Dec ’24 to recommend further sales, while also targeting a selling price of about 71 cents on the 860 calls to achieve a net neutral cost on the remaining 1020 calls. The remaining 1020 calls would then continue to protect existing sales and give you confidence to make additional sales at higher prices.
• Grain Market Insider sees a continued opportunity to sell a portion of your 2025 HRW wheat production.  July ’25 KC wheat is now about 100 cents off the August low, which represents nearly a 50% retracement back towards last spring’s highs. Considering the extent of this rally and that there may be considerable resistance overhead, we suggest taking advantage of this rally to make an additional sale on a portion of your anticipated 2025 hard red winter wheat crop, using either July ’25 KC wheat futures, or a July ’25 HTA contract, so basis can be set at a more advantageous time later on.
• No action is currently recommended for 2026 KC Wheat. We currently aren’t considering any recommendations at this time for the 2026 crop that will be planted next year, and it may be some time before conditions are conducive to consider making any recommendations. Be patient as we monitor the markets for signs of improvement.

To date, Grain Market Insider has issued the following KC recommendations:

Above: The recent rally was capped by resistance around 623. A close back above that level could put the market on track to test the 50% retracement level of 637 back toward the May high. Down below, the market may find trendline support near 581, with further support between 571 and 561.

After hitting a market low in late August, the wheat market has rallied driven by crop concerns in the EU and reduced production from Russia and Ukraine. The rise in prices from late August through September also prompted Managed funds to cover a significant portion of their net short positions. Although low Russian export prices continue to cap potential gains for US wheat, the onset of a new season introduces a range of uncertainties that could fuel market volatility. Moreover, US export sales are currently outpacing last year’s figures and those from 2022, meaning that any uptick in demand due to tighter global supplies could further lift prices.

• No new action is recommended for 2024 KC wheat. Considering the upside breakout in KC wheat back in May, we recommended buying upside July ’25 860 and 1020 calls (for their extended time frame) in case of a protracted rally. Our current strategy is to target 635 – 660 versus Dec ’24 to recommend further sales, while also targeting a selling price of about 71 cents on the 860 calls to achieve a net neutral cost on the remaining 1020 calls. The remaining 1020 calls would then continue to protect existing sales and give you confidence to make additional sales at higher prices.
• Grain Market Insider sees a continued opportunity to sell a portion of your 2025 HRW wheat production.  July ’25 KC wheat is now about 100 cents off the August low, which represents nearly a 50% retracement back towards last spring’s highs. Considering the extent of this rally and that there may be considerable resistance overhead, we suggest taking advantage of this rally to make an additional sale on a portion of your anticipated 2025 hard red winter wheat crop, using either July ’25 KC wheat futures, or a July ’25 HTA contract, so basis can be set at a more advantageous time later on.
• No action is currently recommended for 2026 KC Wheat. We currently aren’t considering any recommendations at this time for the 2026 crop that will be planted next year, and it may be some time before conditions are conducive to consider making any recommendations. Be patient as we monitor the markets for signs of improvement.

To date, Grain Market Insider has issued the following KC recommendations:

Above: With the close above 604 ¼, and the 100 and 200-day moving averages, December KC wheat could be on track to run towards 637. Down below the market, if prices turn lower, initial support may be found near the 100 and 200-day moving averages, and again between the 50-day ma, and 561.

After hitting a market low in late August, the wheat market has rallied driven by crop concerns in the EU and reduced production from Russia and Ukraine. The rise in prices from late August through September also prompted Managed funds to cover a significant portion of their net short positions. Although low Russian export prices continue to cap potential gains for US wheat, the onset of a new season introduces a range of uncertainties that could fuel market volatility. Moreover, US export sales are currently outpacing last year’s figures and those from 2022, meaning that any uptick in demand due to tighter global supplies could further lift prices.

• No new action is recommended for 2024 KC wheat. Considering the upside breakout in KC wheat back in May, we recommended buying upside July ’25 860 and 1020 calls (for their extended time frame) in case of a protracted rally. Our current strategy is to target 675 – 700 versus Dec ’24 to recommend further sales, while also targeting a selling price of about 71 cents on the 860 calls to achieve a net neutral cost on the remaining 1020 calls. The remaining 1020 calls would then continue to protect existing sales and give you confidence to make additional sales at higher prices.
• Grain Market Insider recommends selling a portion of your 2025 HRW wheat production.  July ’25 KC wheat is now about 100 cents off the August low, which represents nearly a 50% retracement back towards last spring’s highs. Considering the extent of this rally and that there may be considerable resistance overhead, we suggest taking advantage of this rally to make an additional sale on a portion of your anticipated 2025 hard red winter wheat crop, using either July ’25 KC wheat futures, or a July ’25 HTA contract, so basis can be set at a more advantageous time later on.
• No action is currently recommended for 2026 KC Wheat. We currently aren’t considering any recommendations at this time for the 2026 crop that will be planted next year, and it may be some time before conditions are conducive to consider making any recommendations. Be patient as we monitor the markets for signs of improvement.

To date, Grain Market Insider has issued the following KC recommendations:

Above: With the close above 604 ¼, and the 100 and 200-day moving averages, December KC wheat could be on track to run towards 637. Down below the market, if prices turn lower, initial support may be found near the 100 and 200-day moving averages, and again between the 50-day ma, and 561.

Since mid-July, the wheat market has mostly drifted sideways as the trade tries to balance smaller US and global wheat supplies against cheaper world export prices. During this period, a potential seasonal low was also marked on the front month continuous charts as managed funds maintained a sizable net short position in the wheat markets. While low Black Sea export prices and slow world demand continue to weigh on US prices, the funds’ short position could trigger an extended short covering rally on any increase in US demand as world wheat ending stocks are expected to fall yet again this year.

• No new action is recommended for 2024 KC wheat. Considering the upside breakout in KC wheat back in May, we recommended buying upside July ’25 860 and 1020 calls (for their extended time frame) in case of a protracted rally. Our current strategy is to target 675 – 700 versus Dec ’24 to recommend further sales, while also targeting a selling price of about 71 cents on the 860 calls to achieve a net neutral cost on the remaining 1020 calls. The remaining 1020 calls would then continue to protect existing sales and give you confidence to make additional sales at higher prices.
• No new action is currently recommended for 2025 KC Wheat. Earlier this summer we recommended exiting half of the previously recommended July ’25 620 puts once they reached 60 cents (double the original approximate cost) to realize gains in case the market rallies back, while still holding the remaining 620 puts at, or near, a net neutral cost for continued downside coverage on any unsold bushels. To that end, we are currently targeting the upper 400 range versus July ’25 to exit half of those remaining puts. Meanwhile, our current upside strategy is to target the 640 – 670 range, also in the July ’25, to recommend making additional sales.
• No action is currently recommended for 2026 KC Wheat. We currently aren’t considering any recommendations at this time for the 2026 crop that will be planted next year, and it may be some time before conditions are conducive to consider making any recommendations. Be patient as we monitor the markets for signs of improvement.

To date, Grain Market Insider has issued the following KC recommendations:

Above: December KC wheat appears to have found support right near the 50-day moving average and reversed back higher. Overhead, resistance remains near the 100 and 200-day moving averages near the recent 604 ¼ high. A close above there could put the market on track towards 637, whereas a close below 561 ¼ could put the market at risk of sliding towards the 527 ¼ low.

Since mid-July, the wheat market has mostly drifted sideways as the trade tries to balance smaller US and global wheat supplies against cheaper world export prices. During this period, a potential seasonal low was also marked on the front month continuous charts as managed funds maintained a sizable net short position in the wheat markets. While low Black Sea export prices and slow world demand continue to weigh on US prices, the funds’ short position could trigger an extended short covering rally on any increase in US demand as world wheat ending stocks are expected to fall yet again this year.

• No new action is recommended for 2024 KC wheat. Considering the upside breakout in KC wheat back in May, we recommended buying upside July ’25 860 and 1020 calls (for their extended time frame) in case of a protracted rally. Our current strategy is to target 675 – 700 versus Dec ’24 to recommend further sales, while also targeting a selling price of about 71 cents on the 860 calls to achieve a net neutral cost on the remaining 1020 calls. The remaining 1020 calls would then continue to protect existing sales and give you confidence to make additional sales at higher prices.
• No new action is currently recommended for 2025 KC Wheat. Earlier this summer we recommended exiting half of the previously recommended July ’25 620 puts once they reached 60 cents (double the original approximate cost) to realize gains in case the market rallies back, while still holding the remaining 620 puts at, or near, a net neutral cost for continued downside coverage on any unsold bushels. To that end, we are currently targeting the upper 400 range versus July ’25 to exit half of those remaining puts. Meanwhile, our current upside strategy is to target the 640 – 670 range, also in the July ’25, to recommend making additional sales.
• No action is currently recommended for 2026 KC Wheat. We currently aren’t considering any recommendations at this time for the 2026 crop that will be planted next year, and it may be some time before conditions are conducive to consider making any recommendations. Be patient as we monitor the markets for signs of improvement.

To date, Grain Market Insider has issued the following KC recommendations:

Above: December KC wheat appears to have found support right near the 50-day moving average and reversed back higher. Overhead, resistance remains near the 100 and 200-day moving averages near the recent 604 ¼ high. A close above there could put the market on track towards 637, whereas a close below 561 ¼ could put the market at risk of sliding towards the 527 ¼ low.

Since mid-July, the wheat market has mostly drifted sideways as the trade tries to balance smaller US and global wheat supplies against cheaper world export prices. During this period, a potential seasonal low was also marked on the front month continuous charts as managed funds maintained a sizable net short position in the wheat markets. While low Black Sea export prices and slow world demand continue to weigh on US prices, the funds’ short position could trigger an extended short covering rally on any increase in US demand as world wheat ending stocks are expected to fall yet again this year.

• No new action is recommended for 2024 KC wheat. Considering the upside breakout in KC wheat back in May, we recommended buying upside July ’25 860 and 1020 calls (for their extended time frame) in case of a protracted rally. Our current strategy is to target 675 – 700 versus Dec ’24 to recommend further sales, while also targeting a selling price of about 71 cents on the 860 calls to achieve a net neutral cost on the remaining 1020 calls. The remaining 1020 calls would then continue to protect existing sales and give you confidence to make additional sales at higher prices.
• No new action is currently recommended for 2025 KC Wheat. Earlier this summer we recommended exiting half of the previously recommended July ’25 620 puts once they reached 60 cents (double the original approximate cost) to realize gains in case the market rallies back, while still holding the remaining 620 puts at, or near, a net neutral cost for continued downside coverage on any unsold bushels. To that end, we are currently targeting the upper 400 range versus July ’25 to exit half of those remaining puts. Meanwhile, our current upside strategy is to target the 640 – 670 range, also in the July ’25, to recommend making additional sales.
• No action is currently recommended for 2026 KC Wheat. We currently aren’t considering any recommendations at this time for the 2026 crop that will be planted next year, and it may be some time before conditions are conducive to consider making any recommendations. Be patient as we monitor the markets for signs of improvement.

To date, Grain Market Insider has issued the following KC recommendations:

Above: December KC wheat appears to have found support right near the 50-day moving average and reversed back higher. Overhead, resistance remains near the 100 and 200-day moving averages near the recent 604 ¼ high. A close above there could put the market on track towards 637, whereas a close below 561 ¼ could put the market at risk of sliding towards the 527 ¼ low.

Since mid-July, the wheat market has mostly drifted sideways as the trade tries to balance smaller US and global wheat supplies against cheaper world export prices. During this period, a potential seasonal low was also marked on the front month continuous charts as managed funds maintained a sizable net short position in the wheat markets. While low Black Sea export prices and slow world demand continue to weigh on US prices, the funds’ short position could trigger an extended short covering rally on any increase in US demand as world wheat ending stocks are expected to fall yet again this year.

• No new action is recommended for 2024 KC wheat. Considering the upside breakout in KC wheat back in May, we recommended buying upside July ’25 860 and 1020 calls (for their extended time frame) in case of a protracted rally. Our current strategy is to target 675 – 700 versus Dec ’24 to recommend further sales, while also targeting a selling price of about 71 cents on the 860 calls to achieve a net neutral cost on the remaining 1020 calls. The remaining 1020 calls would then continue to protect existing sales and give you confidence to make additional sales at higher prices.
• No new action is currently recommended for 2025 KC Wheat. Earlier this summer we recommended exiting half of the previously recommended July ’25 620 puts once they reached 60 cents (double the original approximate cost) to realize gains in case the market rallies back, while still holding the remaining 620 puts at, or near, a net neutral cost for continued downside coverage on any unsold bushels. To that end, we are currently targeting the upper 400 range versus July ’25 to exit half of those remaining puts. Meanwhile, our current upside strategy is to target the 640 – 670 range, also in the July ’25, to recommend making additional sales.
• No action is currently recommended for 2026 KC Wheat. We currently aren’t considering any recommendations at this time for the 2026 crop that will be planted next year, and it may be some time before conditions are conducive to consider making any recommendations. Be patient as we monitor the markets for signs of improvement.

To date, Grain Market Insider has issued the following KC recommendations:

Above: December KC wheat appears to have found support right near the 50-day moving average and reversed back higher. Overhead, resistance remains near the 100 and 200-day moving averages near the recent 604 ¼ high. A close above there could put the market on track towards 637, whereas a close below 561 ¼ could put the market at risk of sliding towards the 527 ¼ low.

Since mid-July, the wheat market has mostly drifted sideways as the trade tries to balance smaller US and global wheat supplies against cheaper world export prices. During this period, a potential seasonal low was also marked on the front month continuous charts as managed funds maintained a sizable net short position in the wheat markets. While low Black Sea export prices and slow world demand continue to weigh on US prices, the funds’ short position could trigger an extended short covering rally on any increase in US demand as world wheat ending stocks are expected to fall yet again this year.

• No new action is recommended for 2024 KC wheat. Considering the upside breakout in KC wheat back in May, we recommended buying upside July ’25 860 and 1020 calls (for their extended time frame) in case of a protracted rally. Our current strategy is to target 675 – 700 versus Dec ’24 to recommend further sales, while also targeting a selling price of about 71 cents on the 860 calls to achieve a net neutral cost on the remaining 1020 calls. The remaining 1020 calls would then continue to protect existing sales and give you confidence to make additional sales at higher prices.
• No new action is currently recommended for 2025 KC Wheat. Earlier this summer we recommended exiting half of the previously recommended July ’25 620 puts once they reached 60 cents (double the original approximate cost) to realize gains in case the market rallies back, while still holding the remaining 620 puts at, or near, a net neutral cost for continued downside coverage on any unsold bushels. To that end, we are currently targeting the upper 400 range versus July ’25 to exit half of those remaining puts. Meanwhile, our current upside strategy is to target the 640 – 670 range, also in the July ’25, to recommend making additional sales.
• No action is currently recommended for 2026 KC Wheat. We currently aren’t considering any recommendations at this time for the 2026 crop that will be planted next year, and it may be some time before conditions are conducive to consider making any recommendations. Be patient as we monitor the markets for signs of improvement.

To date, Grain Market Insider has issued the following KC recommendations:

Above: December KC wheat appears to have found support right near the 50-day moving average and reversed back higher. Overhead, resistance remains near the 100 and 200-day moving averages near the recent 604 ¼ high. A close above there could put the market on track towards 637, whereas a close below 561 ¼ could put the market at risk of sliding towards the 527 ¼ low.

Since mid-July, the wheat market has mostly drifted sideways as the trade tries to balance smaller US and global wheat supplies against cheaper world export prices. During this period, a potential seasonal low was also marked on the front month continuous charts as managed funds maintained a sizable net short position in the wheat markets. While low Black Sea export prices and slow world demand continue to weigh on US prices, the funds’ short position could trigger an extended short covering rally on any increase in US demand as world wheat ending stocks are expected to fall yet again this year.

• No new action is recommended for 2024 KC wheat. Considering the upside breakout in KC wheat back in May, we recommended buying upside July ’25 860 and 1020 calls (for their extended time frame) in case of a protracted rally. Our current strategy is to target 675 – 700 versus Dec ’24 to recommend further sales, while also targeting a selling price of about 71 cents on the 860 calls to achieve a net neutral cost on the remaining 1020 calls. The remaining 1020 calls would then continue to protect existing sales and give you confidence to make additional sales at higher prices.
• No new action is currently recommended for 2025 KC Wheat. Earlier this summer we recommended exiting half of the previously recommended July ’25 620 puts once they reached 60 cents (double the original approximate cost) to realize gains in case the market rallies back, while still holding the remaining 620 puts at, or near, a net neutral cost for continued downside coverage on any unsold bushels. To that end, we are currently targeting the upper 400 range versus July ’25 to exit half of those remaining puts. Meanwhile, our current upside strategy is to target the 640 – 670 range, also in the July ’25, to recommend making additional sales.
• No action is currently recommended for 2026 KC Wheat. We currently aren’t considering any recommendations at this time for the 2026 crop that will be planted next year, and it may be some time before conditions are conducive to consider making any recommendations. Be patient as we monitor the markets for signs of improvement.

To date, Grain Market Insider has issued the following KC recommendations:

Above: December KC wheat appears to have found support right near the 50-day moving average and reversed back higher. Overhead, resistance remains near the 100 and 200-day moving averages near the recent 604 ¼ high. A close above there could put the market on track towards 637, whereas a close below 561 ¼ could put the market at risk of sliding towards the 527 ¼ low.

Since mid-July, the wheat market has mostly drifted sideways as the trade tries to balance smaller US and global wheat supplies against cheaper world export prices. During this period, a potential seasonal low was also marked on the front month continuous charts as managed funds maintained a sizable net short position in the wheat markets. While low Black Sea export prices and slow world demand continue to weigh on US prices, the funds’ short position could trigger an extended short covering rally on any increase in US demand as world wheat ending stocks are expected to fall yet again this year.

• No new action is recommended for 2024 KC wheat. Considering the upside breakout in KC wheat back in May, we recommended buying upside July ’25 860 and 1020 calls (for their extended time frame) in case of a protracted rally. Our current strategy is to target 725 – 750 versus Dec ’24 to recommend further sales, while also targeting a selling price of about 71 cents on the 860 calls to achieve a net neutral cost on the remaining 1020 calls. The remaining 1020 calls would then continue to protect existing sales and give you confidence to make additional sales at higher prices.
• No new action is currently recommended for 2025 KC Wheat. Earlier this summer we recommended exiting half of the previously recommended July ’25 620 puts once they reached 60 cents (double the original approximate cost) to realize gains in case the market rallies back, while still holding the remaining 620 puts at, or near, a net neutral cost for continued downside coverage on any unsold bushels. To that end, we are currently targeting the upper 400 range versus July ’25 to exit half of those remaining puts. Meanwhile, our current upside strategy is to target the 640 – 670 range, also in the July ’25, to recommend making additional sales.
• No action is currently recommended for 2026 KC Wheat. We currently aren’t considering any recommendations at this time for the 2026 crop that will be planted next year, and it may be some time before conditions are conducive to consider making any recommendations. Be patient as we monitor the markets for signs of improvement.

To date, Grain Market Insider has issued the following KC recommendations:

Above: December KC wheat appears to have found support right near the 50-day moving average and reversed back higher. Overhead, resistance remains near the 100 and 200-day moving averages near the recent 604 ¼ high. A close above there could put the market on track towards 637, whereas a close below 561 ¼ could put the market at risk of sliding towards the 527 ¼ low.