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Spring Wheat May '25 (MWK25)

586-2 -2-2 (-0.38%) 00:09 CT [MIAX]
585-6 x 3 586-0 x 4
underlying price ()
Quote Overview for Fri, Mar 28th, 2025
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Day Low
585-0
Day High
590-0
Open 589-4
Previous Close 588-4 588-4
Volume 776 776
Open Interest 48,392 48,392
Stochastic %K 8.74% 8.74%
Weighted Alpha -17.63 -17.63
5-Day Change -18-4 (-3.06%) -18-4 (-3.06%)
52-Week Range 576-4 - 802-4 576-4 - 802-4
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Spring Wheat Futures Market News and Commentary

Wheat Turns Around to Close Mixed on Thursday

Wheat futures were mixed across the three exchanges on Thursday, as the hard red contracts held up. Chicago SRW futures were down 3 to 4 cents in the front months at the close, pressured by a wet forecast. Kansas City HRW contracts rallied off early weakness into the close, up 1 to 2 cents at the final bell. MPLS spring wheat was firmer, up 2 to 4 cents to close out the Thursday session. 

Rains forecast for the next week are seen totaling 1 to 3 inches in much of SRW country. HRW regions are relatively dry, with exceptions to eastern portions of the Southern Plains.

USDA’s Export Sales data was released this morning, showing just 100,325 MT in 2024/25 sales in the week of 3/20. That was still above the week prior’s net reductions. Japan was the largest buyer of 72,000 MT, with 53,400 MT sold to Nigeria. There was also 125,500 MT in net reductions for unknown destinations (mostly switched to a destination). New crop wheat sales were shy of 100,000 to 300,000 MT estimates,... 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
04/30/25 (33 days)
Expiration Date
05/14/25 (47 days)

Seasonal Chart

Spring Wheat May '25
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of Mar 18, 2025

View Chart Details
Commercials - Long / Short
44,672 (-1,581)
27,690 (+3,306)
Non-Commercials - Long / Short
20,800 (+4,782)
38,572 (-565)
Producers - Long / Short
40,448 (-1,128)
27,645 (+3,509)
Swap Dealers - Long / Short
4,179 (-415)
0 (-165)
Managed Money - Long / Short
14,578 (+4,302)
37,144 (+1,226)
Other Reportables - Long / Short
6,222 (+480)
1,428 (-1,791)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
576-4 +1.73%
on 03/04/25
Period Open: 597-6
623-4 -5.93%
on 03/18/25
-11-2 (-1.88%)
since 02/28/25
3-Month
576-4 +1.73%
on 03/04/25
Period Open: 603-2
659-4 -11.07%
on 02/19/25
-16-6 (-2.78%)
since 12/27/24
52-Week
576-4 +1.73%
on 03/04/25
Period Open: 697-4
802-4 -26.92%
on 05/28/24
-111-0 (-15.91%)
since 03/28/24

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Wheat Turns Around to Close Mixed on Thursday

Wheat futures were mixed across the three exchanges on Thursday, as the hard red contracts held up. Chicago SRW futures were down 3 to 4 cents in the front months at the close, pressured by a wet forecast....

KEN25 : 574-4 (-0.91%)
MWK25 : 586-2 (-0.38%)
KEK25 : 561-0 (-0.93%)
ZWK25 : 528-2 (-0.70%)
ZWN25 : 544-0 (-0.59%)
A Mixed Day in Grains and a STRONG Day in Cattle

Grain markets were mixed today with soybeans posting an impressive gain. Cattle markets were weaker but found their footing thanks to rumors of a sharply higher cash trade in the making.

Shootin' the Bull about positive basis

Skepticism continues to be expressed by futures traders in the form of the positive basis, and enormous volatility.

Monday Is a Major Day in the Grain Futures Markets. Here’s How You Should Be Positioned.

Big surprises from the USDA could quickly increase the volatility in the grains futures markets.

KGK25 : 0.6707s (+2.12%)
KEK25 : 561-0 (-0.93%)
MWK25 : 586-2 (-0.38%)
KEK25 : 561-0 (-0.93%)
ZSK25 : 1014-4 (-0.22%)
ZCK25 : 447-0 (-0.67%)
ZCK25 : 447-0 (-0.67%)
ZSK25 : 1014-4 (-0.22%)
Soybeans Finding Buyers

We look at our next level of interest for resistance after buyers step in supporting price at the Golden Zone.

ZSK25 : 1014-4 (-0.22%)
Corn Weakness Extends to Thursday

Corn futures are trading with midday losses on Thursday, as contracts are down 1 to 3 cents in the front months. The CmdtyView national average Cash Corn price is down 3 cents on the day at $4.14 3/4....

ZCZ25 : 442-2 (-0.34%)
ZCPAUS.CM : 4.1592 (-0.23%)
ZCPZ25US.CM : 4.0857 (-0.19%)
ZCK25 : 447-0 (-0.67%)
ZCN25 : 455-2 (-0.60%)
Soybeans Rallying with Soybean Oil Support

Soybeans are trading with 11 to 14 cents gains across the front months on Thursday. CmdtyView’s national front month Cash Bean price is up 14 cents at $9.56 1/2. Soymeal futures closed the midweek session...

ZSPX25US.CM : 9.5835 (+1.49%)
ZLK25 : 44.35 (+0.18%)
ZMK25 : 293.4 (-0.37%)
ZSPAUS.CM : 9.5949 (+1.91%)
ZSK25 : 1014-4 (-0.22%)
ZSX25 : 1018-2 (-0.22%)
ZSN25 : 1028-2 (-0.22%)
Grain Markets Find Their Footing Overnight

Grain markets were mostly lower on Wednesday but have found their footing in the early morning trade. Can the market find relief ahead of Monday’s big USDA report?

Soybeans Higher Ahead of Export Sales Report

Soybeans are trading with contracts up 5 to 7 cents so far on Thursday. The soybean market settled the midweek session with nearbys fractionally lower to and some new crop months fractionally higher. Wednesday’s...

ZSPX25US.CM : 9.5835 (+1.49%)
ZLK25 : 44.34 (+0.16%)
ZMK25 : 293.5 (-0.34%)
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ZSK25 : 1014-4 (-0.22%)
ZSX25 : 1018-2 (-0.22%)
ZSN25 : 1028-2 (-0.22%)
Corn Holding Steady on Thursday Morning

Corn is trading near unchanged on Thursday AM, with front months slightly higher. Futures fell to another round of weakness on Wednesday, with contracts closing 4 to 7 cents lower. Preliminary open interest...

ZCZ25 : 442-2 (-0.34%)
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ZCN25 : 455-2 (-0.60%)
Wheat Sneaking Out Gains to Start Thursday Trade

Wheat is showing slight strength on Thursday morning. The wheat market posted another round of weakness on Wednesday. Chicago SRW futures were down 8 to 9 cents in the front months at the close. Kansas...

KEN25 : 574-4 (-0.91%)
MWK25 : 586-2 (-0.38%)
KEK25 : 561-0 (-0.93%)
ZWK25 : 528-2 (-0.70%)
ZWN25 : 543-6 (-0.64%)
Grain Spreads: Pressure Cooker

Wheat Gives it Back

Corn Falls Lower on Wednesday

Corn futures fell to another round of weakness on Wednesday, with contracts closing 4 to 7 cents lower. The CmdtyView national average Cash Corn price was down 6 cents on the day at $4.17. The weekly...

ZCZ25 : 442-2 (-0.34%)
ZCPAUS.CM : 4.1592 (-0.23%)
ZCPZ25US.CM : 4.0857 (-0.19%)
ZCK25 : 447-0 (-0.67%)
ZCN25 : 455-2 (-0.60%)
Soybeans Close Wednesday with Mixed Action

The soybean market settled the midweek session with nearbys fractionally lower to and some new crop months fractionally higher. CmdtyView’s national front month Cash Bean price was down 1/2 cents at...

ZSPX25US.CM : 9.5835 (+1.49%)
ZLK25 : 44.34 (+0.16%)
ZMK25 : 293.5 (-0.34%)
ZSPAUS.CM : 9.5949 (+1.91%)
ZSK25 : 1014-4 (-0.22%)
ZSX25 : 1018-2 (-0.22%)
ZSN25 : 1028-2 (-0.22%)
Wheat Weakness Continues on Wednesday

The wheat market posted another round of weakness on Wednesday. Chicago SRW futures were down 8 to 9 cents in the front months at the close. Kansas City HRW contracts saw losses of 4 to 6 cents in the...

KEN25 : 574-4 (-0.91%)
MWK25 : 586-2 (-0.38%)
KEK25 : 561-0 (-0.93%)
ZWK25 : 528-2 (-0.70%)
ZWN25 : 543-6 (-0.64%)
Pure Hedge - Livestock and Grain

The Lows Could Be in For the Grains - Are the Highs in For the Cattle Markets? New Soybean Call Spreads As Well

Shootin' the Bull about making the consumer pay

The cut in slaughter pace is expected to bring a top to the market quicker than anything else could.

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 600-6
2nd Resistance Point 596-4
1st Resistance Point 592-4
Last Price 586-2
1st Support Level 584-2
2nd Support Level 580-0
3rd Support Level 576-0

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52-Week High 802-4
Fibonacci 61.8% 716-1
Fibonacci 50% 689-4
Fibonacci 38.2% 662-7
Last Price 586-2
52-Week Low 576-4

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