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Spring Wheat Mar '23 (MWH23)

845-4s +17-2 (+2.08%) 03/14/23 [MIAX]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Tue, Mar 14th, 2023
Day Low
845-4
Day High
845-4
Open 0-0
Previous Close 828-2 828-2
Volume 0 0
Open Interest 0 0
Stochastic %K 21.73% 21.73%
Weighted Alpha -20.03 -20.03
5-Day Change -0-6 (-0.09%) -0-6 (-0.09%)
52-Week Range 806-0 - 1390-2 806-0 - 1390-2
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Spring Wheat Futures Market News and Commentary

Wheat Falling as USDA Report Marketing Year Low in Export Business

Wheat futures are falling on Thursday with a weaker round of export business on Thursday. Chicago SRW futures are 7 to 9 cents in the red as the market trades through Thursday. Kansas City HRW contracts are falling another 9 to 10 cents so far on Thursday. MPLS spring wheat is down 5 to 6 cents in the front months at midday. Strength in the US dollar index continues to put some pressure on things.

USDA Export Sales data from this morning showed a MY low at net reductions of 248,849 MT, well below estimates of net sales between 300,000 and 700,000 MT for old crop. Vietnam was the buyer of 69,500 MT, with Indonesia in for 62,000 MT. Panama cancelled 272,900 MT, with net reduction of 123,800 MT for unknown destinations. New Crop bookings were well above the estimated 25,000 to 100,000 MT, at 491,092 MT.

This morning’s release of the monthly International Grains Council report showed wheat production for 2024/25 up 2 MMT to 799 MMT, with stocks up 1 MMT to 265 MMT. The first... Read more

Contract Specifications

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Contract
Hard Red Spring Wheat
Contract Size
5,000 bushels
Tick Size
1/4 cent per bushel ($12.50 per contract)
Trading Hours
7:00p.m. - 7:45a.m. and 8:30a.m. - 1:30p.m. (Sun-Fri) (Settles 1:30p.m.) CST
Exchange
MIAX
Point Value
$50
Margin/Maintenance
$1,870/1,700
First Notice Date
02/28/23
Expiration Date
03/14/23 (expired)

Seasonal Chart

Spring Wheat Mar '23
Average Price Chart for 5 Prior Mar Contracts

Commitment of Traders Positions as of Mar 11, 2025

View Chart Details
Commercials - Long / Short
46,253 (+1,867)
24,384 (-3,134)
Non-Commercials - Long / Short
16,018 (-437)
39,137 (+6,397)
Producers - Long / Short
41,576 (+878)
24,136 (-2,339)
Swap Dealers - Long / Short
4,594 (+980)
165 (-804)
Managed Money - Long / Short
10,276 (-343)
35,918 (+8,107)
Other Reportables - Long / Short
5,742 (-94)
3,219 (-1,710)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
806-0 +4.90%
on 03/09/23
Period Open: 932-0
935-0 -9.57%
on 02/21/23
-86-4 (-9.28%)
since 02/14/23
3-Month
806-0 +4.90%
on 03/09/23
Period Open: 917-2
940-0 -10.05%
on 12/30/22
-71-6 (-7.82%)
since 12/14/22
52-Week
806-0 +4.90%
on 03/09/23
Period Open: 1014-0
1390-2 -39.18%
on 05/17/22
-168-4 (-16.62%)
since 03/14/22

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Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Maximum Signal Strength.

Key Turning Points

3rd Resistance Point 845-4
2nd Resistance Point 845-4
1st Resistance Point 845-4
Last Price 845-4s
1st Support Level 845-4
2nd Support Level 845-4
3rd Support Level 845-4

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52-Week High 1390-2
Fibonacci 61.8% 1167-1
Fibonacci 50% 1098-1
Fibonacci 38.2% 1029-1
Last Price 845-4s
52-Week Low 806-0

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