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Spring Wheat May '25 (MWK25)

584-4s -6-6 (-1.14%) 04/04/25 [MIAX]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Fri, Apr 4th, 2025
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Day Low
577-6
Day High
593-2
Open 591-0
Previous Close 591-2 591-2
Volume 5,532 5,532
Open Interest 43,781 43,781
Stochastic %K 32.51% 32.51%
Weighted Alpha -17.78 -17.78
5-Day Change +3-4 (+0.60%) +3-4 (+0.60%)
52-Week Range 573-0 - 802-4 573-0 - 802-4
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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
04/30/25 (25 days)
Expiration Date
05/14/25 (39 days)

Seasonal Chart

Spring Wheat May '25
Average Price Chart for 5 Prior May 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
573-0 +2.01%
on 03/28/25
Period Open: 580-0
623-4 -6.26%
on 03/18/25
+4-4 (+0.78%)
since 03/04/25
3-Month
573-0 +2.01%
on 03/28/25
Period Open: 586-4
659-4 -11.37%
on 02/19/25
-2-0 (-0.34%)
since 01/03/25
52-Week
573-0 +2.01%
on 03/28/25
Period Open: 706-2
802-4 -27.17%
on 05/28/24
-121-6 (-17.24%)
since 04/04/24

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Most Recent Stories

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DBA : 26.14 (-3.11%)
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KEN25 : 570-0s (-1.85%)
CORN : 18.74 (+0.32%)
ZWN25 : 542-6s (-1.32%)
WEAT : 4.62 (-1.49%)
ZCN25 : 467-2s (+0.38%)
ZWK25 : 529-0s (-1.31%)
ZSK25 : 977-0s (-3.41%)
TAGS : 25.09 (-1.24%)
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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...

KEN25 : 570-0s (-1.85%)
MWK25 : 584-4s (-1.14%)
KEK25 : 557-4s (-2.02%)
ZWK25 : 529-0s (-1.31%)
ZWN25 : 542-6s (-1.32%)
Soybeans Continue Losses on Tariff Escalation

Soybeans were in full collapse mode on Friday, as contracts were down 32 to 35 cents across most contracts. May lost 46 cents on the week, with November down 44 ¾ cents. CmdtyView’s national front month...

ZSPX25US.CM : 9.2165 (-3.38%)
ZLK25 : 45.84s (-2.59%)
ZMK25 : 283.1s (-1.70%)
ZSPAUS.CM : 9.2102 (-3.58%)
ZSK25 : 977-0s (-3.41%)
ZSX25 : 984-2s (-3.22%)
ZSN25 : 993-0s (-3.24%)
Corn Closes Friday with Gains

The corn market closed out the Friday session with contracts up 1 to 3 cents across the front months. May was up 7 cents this week despite all the tariff talk. New crop December was weighed down by bean...

ZCZ25 : 446-6s (-0.17%)
ZCPAUS.CM : 4.3086 (+0.85%)
ZCPZ25US.CM : 4.1232 (-0.10%)
ZCK25 : 460-2s (+0.60%)
ZCN25 : 467-2s (+0.38%)
Shootin' the Bull about not dying on this hill

In my opinion, this is not the hill cattlemen want to die on.

Grain Spreads: Bean Ideas

May 25 Soybeans Nearing Key Support

Soybeans Falling on Chinese Tariffs

The soybean market is trading with Friday losses of 24 to 26 cents in the nearby contracts CmdtyView’s national front month Cash Bean price is down 25 1/4 cents at $9.30. Soymeal futures were down $3.20/ton,...

ZSPX25US.CM : 9.2165 (-3.38%)
ZLK25 : 45.84s (-2.59%)
ZMK25 : 283.1s (-1.70%)
ZSPAUS.CM : 9.2102 (-3.58%)
ZSK25 : 977-0s (-3.41%)
ZSX25 : 984-2s (-3.22%)
ZSN25 : 993-0s (-3.24%)
Corn Bulls Fighting Back on Friday

Corn futures are up 3 to 5 cents in most nearby contracts on Friday. New crop December is weighed down by bean losses as they try not to attract too many more acres. The CmdtyView national average Cash...

ZCZ25 : 446-6s (-0.17%)
ZCPAUS.CM : 4.3086 (+0.85%)
ZCPZ25US.CM : 4.1232 (-0.10%)
ZCK25 : 460-2s (+0.60%)
ZCN25 : 467-2s (+0.38%)
Is the US Soybean Market Great Again?

Regardless of how one views the US soybean market, there are a number of fundamental factors that shed light on the situation.

ZSK25 : 977-0s (-3.41%)
$CNSI : 918.13 (-3.60%)
Wheat Weaker to Start Friday

The wheat complex is showing early losses across the front months on Friday. Futures closed mixed across the three exchanges on Thursday. Chicago SRW futures were down 2 to 4 cents to close out the day....

KEN25 : 570-0s (-1.85%)
MWK25 : 584-4s (-1.14%)
KEK25 : 557-4s (-2.02%)
ZWK25 : 529-0s (-1.31%)
ZWN25 : 542-6s (-1.32%)
Soybeans Collapsing on Tariff Response

Soybeans are posting another round of sharp losses on Friday morning, with contracts down 22 to 25 cents following an overnight Chinese response. They closed the Thursday session with losses of 18 to 20...

ZSPX25US.CM : 9.2165 (-3.38%)
ZLK25 : 45.84s (-2.59%)
ZMK25 : 283.1s (-1.70%)
ZSPAUS.CM : 9.2102 (-3.58%)
ZSK25 : 977-0s (-3.41%)
ZSX25 : 984-2s (-3.22%)
ZSN25 : 993-0s (-3.24%)
Corn Leaking Lower on Risk Off Ahead of Weekend

Corn futures are trading with early 5 to 7 cent losses on Friday morning in sympathy with the bean market and a risk off approach heading into the weekend. Bulls pushed back on Thursday, coming off overnight...

ZCZ25 : 446-6s (-0.17%)
ZCPAUS.CM : 4.3086 (+0.85%)
ZCPZ25US.CM : 4.1232 (-0.10%)
ZCK25 : 460-2s (+0.60%)
ZCN25 : 467-2s (+0.38%)
Corn Closes With Mixed Action on Thursdays

Corn bulls pushed back on Thursday, coming off overnight lows and closing with front months fractionally mixed and new crop December down 1 ¼ cents. are well off their overnight lows. The CmdtyView national...

ZCZ25 : 446-6s (-0.17%)
ZCPAUS.CM : 4.3086 (+0.85%)
ZCPZ25US.CM : 4.1232 (-0.10%)
ZCK25 : 460-2s (+0.60%)
ZCN25 : 467-2s (+0.38%)
Soybeans Close with Losses on Tariff Risks

Soybeans closed the Thursday session with losses of 18 to 20 cents after a gap lower at the open. CmdtyView’s national front month Cash Bean price is down 17 3/4 cents at $9.54 1/4. Soymeal futures were...

ZSPX25US.CM : 9.2165 (-3.38%)
ZLK25 : 45.84s (-2.59%)
ZMK25 : 283.1s (-1.70%)
ZSPAUS.CM : 9.2102 (-3.58%)
ZSK25 : 977-0s (-3.41%)
ZSX25 : 984-2s (-3.22%)
ZSN25 : 993-0s (-3.24%)
Wheat Closes Mixed on Thursday

Wheat futures took back most of the overnight weakness, with contracts closing mixed across the three exchanges. Chicago SRW futures were down 2 to 4 cents to close out the day. Kansas City HRW contracts...

KEN25 : 570-0s (-1.85%)
MWK25 : 584-4s (-1.14%)
KEK25 : 557-4s (-2.02%)
ZWK25 : 529-0s (-1.31%)
ZWN25 : 542-6s (-1.32%)
Cattle Markets Crash

Tariff news pressures markets as recession fears build

Shootin' the Bull about a great deal of volatility

A great deal of reality versus expectations will be played out over the next couple of weeks.

Grain Markets Mixed Despite Outside Market Volatility

Grain markets opened lower but found their footing to finish the session off the lows, with corn and wheat spending some time in positive territory.

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 608-1
2nd Resistance Point 600-5
1st Resistance Point 592-5
Last Price 584-4s
1st Support Level 577-1
2nd Support Level 569-5
3rd Support Level 561-5

See More

52-Week High 802-4
Fibonacci 61.8% 714-7
Fibonacci 50% 687-6
Fibonacci 38.2% 660-5
Last Price 584-4s
52-Week Low 573-0

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