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Spring Wheat Mar '24 (MWH24)

658-4s -28-0 (-4.08%) 03/14/24 [MIAX]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Thu, Mar 14th, 2024
Day Low
658-4
Day High
658-4
Open 0-0
Previous Close 686-4 686-4
Volume 0 0
Open Interest 0 0
Stochastic %K 70.47% 70.47%
Weighted Alpha -24.83 -24.83
5-Day Change +1-0 (+0.15%) +1-0 (+0.15%)
52-Week Range 636-2 - 958-0 636-2 - 958-0
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Spring Wheat Futures Market News and Commentary

Wheat Weakness Continues on Wednesday

Wheat posted Wednesday losses across the three markets. Chicago SRW futures were down 6 to 8 cents at the final bell. Kansas City HRW contracts were 8 to 9 cents lower at the close.  MPLS spring wheat closed the Wednesday session with contracts down 3 to  cents.

The next few days shows precipitation across much of the US, with much of the area from the Rockies to the Appalachians expecting at least an inch. Heavier total are seen in eastern KS, OK, and western MO. 

Export Sales data will be released on Thursday morning, with the trade looking for old crop wheat sales to total between net reductions of 150,000 MT and net sales of 200,000 MT in the week of April 17. Sales for new crop are expected to total 100,000 to 300,000 MT in that week.

Overnight, South Korean mills purchased 50,000 MT of wheat from the US. 

May 25 CBOT Wheat  closed at $5.28 1/4, down 7 1/4 cents,

Jul 25 CBOT Wheat  closed at $5.43 1/2, down 6 3/4 cents,

May 25 KCBT Wheat  clo... 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 1:15p.m.) CST
Exchange
MIAX
Point Value
$50
Margin/Maintenance
$1,870/1,700
First Notice Date
02/29/24
Expiration Date
03/14/24 (expired)

Seasonal Chart

Spring Wheat Mar '24
Average Price Chart for 5 Prior Mar Contracts

Commitment of Traders Positions as of Apr 15, 2025

View Chart Details
Commercials - Long / Short
45,785 (-3,982)
30,051 (+1,559)
Non-Commercials - Long / Short
14,686 (-1,821)
32,376 (-9,246)
Producers - Long / Short
40,920 (-4,202)
27,845 (+2,003)
Swap Dealers - Long / Short
4,435 (+98)
1,776 (-566)
Managed Money - Long / Short
10,585 (-1,445)
31,740 (-9,134)
Other Reportables - Long / Short
4,101 (-376)
636 (-112)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
636-2 +3.50%
on 02/26/24
Period Open: 662-4
686-4 -4.08%
on 03/13/24
-4-0 (-0.60%)
since 02/14/24
3-Month
636-2 +3.50%
on 02/26/24
Period Open: 717-2
731-6 -10.01%
on 12/26/23
-58-6 (-8.19%)
since 12/14/23
52-Week
636-2 +3.50%
on 02/26/24
Period Open: 848-4
958-0 -31.26%
on 07/25/23
-190-0 (-22.39%)
since 03/14/23

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ZSX25 : 1032-0 (+0.44%)
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Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Weak Signal Strength.

Key Turning Points

3rd Resistance Point 658-4
2nd Resistance Point 658-4
1st Resistance Point 658-4
Last Price 658-4s
1st Support Level 658-4
2nd Support Level 658-4
3rd Support Level 658-4

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52-Week High 958-0
Fibonacci 61.8% 835-1
Fibonacci 50% 797-1
Fibonacci 38.2% 759-1
Last Price 658-4s
52-Week Low 636-2

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