Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
Stocks | Futures | Watchlist | More
or

Spring Wheat Dec '23 (MWZ23)

[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [MGEX]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
[[ rootItem.symbol ]]underlying price [[ rootItem.lastPrice ]] [[ rootItem.priceChange ]] ([[ rootItem.percentChange ]]) [[ rootItem.tradeTime ]]
Quote Overview for [[ item.sessionDateDisplayLong ]]
[[ rowChartData.labelLow ]]
[[ rowChartData.lowPriceFormatted ]]
[[ rowChartData.lowPrice ]]
[[ rowChartData.labelHigh ]]
[[ rowChartData.highPriceFormatted ]]
[[ rowChartData.highPrice ]]
since [[ rowChartData.lowDate ]]
since [[ rowChartData.highDate ]]
[[ value ]] [[ value ]]

Spring Wheat Futures Market News and Commentary

Wheat Rallies Double Digits with Export Assistance

The wheat market was in rally mode to close out the week, after USDA reported a solid round of export activity. Chicago futures were up 12 to 18 cents on the Friday session. Kansas City contracts were 13 to 15 ½ cents higher at the closing bell. MPLS spring wheat was 9 to 11 cents in the green.

This morning’s Export Sales report saw all wheat bookings running 805,318 MT during the week that ended on June 27. That was the largest sale total since China came in last December and bested the 350,000 to 700,000 MT expectations heading into the report. Mexico purchased 154,700 MT, with 154,400 MT sold to the Philippines. 

Japan’s weekly tender showed 129,660 MT of wheat purchased from the three usual suspects, Australia, Canada, and the US, with 59,670 US specific. With the French soft wheat harvest just beginning, the FranceAgriMer saw conditions deteriorating to 58% gd/ex, a 2% decline on the week.

Jul 24 CBOT Wheat  closed at $5.72 1/4, up 17 3/4 cents,

Sep 24 C... Read more

Contract Specifications

See More
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
MGEX
Point Value
$50
Margin/Maintenance
$2,420/2,200
First Notice Date
11/30/23
Expiration Date
12/14/23 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Jun 25, 2024

View Chart Details
Commercials - Long / Short
40,112 (+4,876)
24,345 (-5,102)
Non-Commercials - Long / Short
12,691 (-2,990)
26,245 (+8,102)
Producers - Long / Short
37,083 (+5,235)
24,297 (-5,076)
Swap Dealers - Long / Short
2,981 (-333)
N/A
Managed Money - Long / Short
11,078 (-2,878)
24,996 (+7,775)
Other Reportables - Long / Short
1,613 (-112)
1,249 (+327)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

See More
Period Period Low Period High Performance
1-Month
682-4 +2.60%
on 11/27/23
738-6 -5.21%
on 11/15/23
-34-2 (-4.66%)
since 11/14/23
3-Month
682-4 +2.60%
on 11/27/23
791-0 -11.47%
on 09/15/23
-83-2 (-10.63%)
since 09/14/23
52-Week
682-4 +2.60%
on 11/27/23
956-0 -26.75%
on 07/25/23
-198-2 (-22.06%)
since 12/14/22

More Spring Wheat Quotes

All Futures Prices
Please wait...

Most Recent Stories

More News
Grains attempting breakout higher

Monthly USDA reports on Friday

Soybeans Get Help from Products on Friday

Soybeans posted decent gains on Friday, with contracts up 8 to 12 cents across most months. Soymeal was up $7.10/ton in the August contract with July $16.50 higher. Soy Oil continued to climb, with contracts...

ZMZ24 : 332.5s (+1.00%)
ZLZ24 : 48.70s (+1.65%)
ZSN24 : 1188-4s (+1.02%)
ZSPAUS.CM : 11.2891 (+0.80%)
ZSQ24 : 1166-2s (+0.73%)
ZSX24 : 1129-6s (+0.74%)
ZSPX24US.CM : 10.6848 (+0.78%)
Corn Rallies into the Weekend

Corn futures gather some strength to round out the week on Friday’s lame duck session. Contracts were up 4 to 7 ¾ cents across the board. Rains over the next week are spottier according to the 7-day...

ZCN24 : 411-2s (+1.92%)
ZCPAUS.CM : 3.9725 (+1.31%)
ZCU24 : 410-4s (+1.23%)
ZCZ24 : 424-0s (+1.07%)
ZCPZ24US.CM : 3.9422 (+1.15%)
Wheat Rallies Double Digits with Export Assistance

The wheat market was in rally mode to close out the week, after USDA reported a solid round of export activity. Chicago futures were up 12 to 18 cents on the Friday session. Kansas City contracts were...

ZWN24 : 572-2s (+3.20%)
ZWU24 : 590-4s (+2.87%)
KEN24 : 595-2s (+2.36%)
KEU24 : 599-0s (+2.66%)
MWN24 : 621-0s (unch)
Pure Hedge - Livestock and Grain

Gamma Trader

Shootin' the Bull about mounting evidence of the agenda

In my opinion, a portion of the agenda is hitting a milestone this week with a story of a fully enclosed loop of beef/dairy cross cattle production.

Wheat Rallying Following Export Sales Report

The wheat market is putting on a strong showing following a solid round of export activity. Chicago futures are up 15 to 19 cents so far on the Friday session. Kansas City contracts are up 12 to 15 cents...

ZWN24 : 572-2s (+3.20%)
ZWU24 : 590-4s (+2.87%)
KEN24 : 595-2s (+2.36%)
KEU24 : 599-0s (+2.66%)
MWN24 : 621-0s (unch)
Soybeans Heading Higher with Products Supportive

Soybeans are trading with 10 to 15 cent gains so far on Friday’s midday. Soymeal contracts are shooting higher, up $8/ton in August. Soy Oil continued to climb, with August rallying another 82 points...

ZMZ24 : 332.5s (+1.00%)
ZLZ24 : 48.70s (+1.65%)
XTU24 : 4,716s (+0.26%)
ZSN24 : 1188-4s (+1.02%)
ZSPAUS.CM : 11.2891 (+0.80%)
ZSQ24 : 1166-2s (+0.73%)
ZSX24 : 1129-6s (+0.74%)
ZSPX24US.CM : 10.6848 (+0.78%)
Corn Climbing Higher Out of the Holiday

Corn futures resumed trade this morning with initial strength and are continuing it through midday, up 5 to 8 ¼ cents. Rains over the next week are spottier according to the 7-day QPF, with WCB seeing...

ZCN24 : 411-2s (+1.92%)
ZCPAUS.CM : 3.9725 (+1.31%)
ZCU24 : 410-4s (+1.23%)
ZCZ24 : 424-0s (+1.07%)
ZCPZ24US.CM : 3.9422 (+1.15%)
Corn Set to Resume Trade Activity

There was no overnight trade due to the July 4 holiday in the U.S. The market resumes trading at 8:30 am CDT this morning. Corn futures settled with most contracts down ½ to 2 ½ cents on Wednesday, as...

XVU24 : 2,472s (-0.16%)
ZCN24 : 411-2s (+1.92%)
ZCPAUS.CM : 3.9725 (+1.31%)
ZCU24 : 410-4s (+1.23%)
ZCZ24 : 424-0s (+1.07%)
ZCPZ24US.CM : 3.9422 (+1.15%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 700-2
2nd Resistance Point 700-2
1st Resistance Point 700-2
Last Price 700-2s
1st Support Level 700-2
2nd Support Level 700-2
3rd Support Level 700-2

See More

52-Week High 956-0
Fibonacci 61.8% 851-4
Fibonacci 50% 819-2
Fibonacci 38.2% 787-0
Last Price 700-2s
52-Week Low 682-4

See More

Solutions for Grain Market Professionals barchart.com/cmdty
Commodity Price Reports
Get Free Access!
cmdtyView for Ag marketers and merchandisers
Start Free Trial
We help Agribusinesses make better decisions
Learn Now
Want to use this as
your default charts setting?
Save this setup as a Chart Templates
Switch the Market flag
for targeted data from your country of choice.
Open the menu and switch the
Market flag for targeted data from your country of choice.
Want Streaming Chart Updates?
Switch your Site Preferences
to use Interactive Charts
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.

Free Barchart Webinar