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Spring Wheat Dec '23 (MWZ23)

700-2s unch (unch) 12/14/23 [MIAX]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Thu, Dec 14th, 2023
Day Low
700-2
Day High
700-2
Open 0-0
Previous Close 700-2 700-2
Volume 0 0
Open Interest 0 0
Stochastic %K 50.93% 50.93%
Weighted Alpha -23.64 -23.64
5-Day Change -12-4 (-1.75%) -12-4 (-1.75%)
52-Week Range 682-4 - 956-0 682-4 - 956-0
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Spring Wheat Futures Market News and Commentary

Wheat Holds Losses into Friday’s Close

The wheat complex closed Friday with contracts down across the three markets. Chicago SRW futures were down 7 to 8 cents on the day, as May closed the week up ¾ cent. Kansas City HRW contracts were 10 to 12 cents lower on the session, with May showing a 5 ¾ cent gain this week. MPLS spring wheat was 6 to 8 cents in the red, as May ended the week with a 3 ½ cent jump.  

The Friday afternoon Commitment of Traders data from CFTC showed speculators in Chicago wheat adding 19,453 contracts to their net short as of Tuesday to 112,040 contracts. In KC, they were adding 225 contracts to that net short to 45,675 contracts by April 1.

Thursday’s USDA Export Sales report shows the wheat export commitments for the 2024/25 marketing year at 21.433 MMT, which is 14% above last year. That is 94% of the USDA forecast, behind the 101% average sales pace.

May 25 CBOT Wheat  closed at $5.29, down 7 cents,

Jul 25 CBOT Wheat  closed at $5.42 3/4, down 7 1/4 cents,

May 25 KC... 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
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 Apr 1, 2025

View Chart Details
Commercials - Long / Short
49,984 (+1,983)
26,741 (-1,594)
Non-Commercials - Long / Short
18,550 (+771)
42,914 (+5,748)
Producers - Long / Short
44,810 (+1,290)
24,436 (-3,279)
Swap Dealers - Long / Short
4,790 (+321)
1,921 (+1,313)
Managed Money - Long / Short
13,182 (+1,105)
41,862 (+6,066)
Other Reportables - Long / Short
5,368 (-334)
1,052 (-318)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
682-4 +2.60%
on 11/27/23
Period Open: 734-4
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
Period Open: 783-4
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
Period Open: 898-4
956-0 -26.75%
on 07/25/23
-198-2 (-22.06%)
since 12/14/22

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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 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

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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

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