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Spring Wheat Dec '16 (MWZ16)

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Spring Wheat Futures Market News and Commentary

Wheat Posting Mixed Midday Action

The wheat complex is trading with mixed feelings across the three markets at Friday’s midday.Chicago SRW futures are up 2 to 3 cents so far on the day. KC HRW are trading with fractional losses across the nearbys. MPLS spring wheat is trading with 2 to 3 cent gains.

Thursday morning’s Export Sales report showed all export commitments for wheat are now 11.093 MMT, which is 28% above the same time last year and a 4-year high. That is 49% of the USDA export projection, with the 5-year average pace at 52%.

Ukraine’s ag ministry pegs the 2024/25 winter wheat planted area dripping 4.5% from their previous number to 11.07 million acres. 

Dec 24 CBOT Wheat  is at $5.68 1/2, up 3 cents,

Mar 25 CBOT Wheat  is at $5.87 3/4, up 2 3/4 cents,

Dec 24 KCBT Wheat  is at $5.64, down 1/2 cent,

Mar 25 KCBT Wheat  is at $5.78, down 1/4 cent,

Dec 24 MGEX Wheat  is at $6.09 3/4, up 2 cents,

Mar 25 MGEX Wheat  is at $6.32 1/4, up 2 1/2 cents,

On the... 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
MGEX
Point Value
$50
Margin/Maintenance
$2,090/1,900
First Notice Date
11/30/16
Expiration Date
12/14/16 (expired)

Seasonal Chart

Spring Wheat Dec '16
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Sep 17, 2024

View Chart Details
Commercials - Long / Short
38,686 (-3,822)
24,939 (+986)
Non-Commercials - Long / Short
13,184 (+1,491)
27,836 (-3,720)
Producers - Long / Short
35,434 (-4,044)
24,416 (+1,117)
Swap Dealers - Long / Short
3,086 (+232)
357 (-121)
Managed Money - Long / Short
9,644 (+1,501)
26,186 (-3,664)
Other Reportables - Long / Short
3,540 (-10)
1,650 (-56)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
512-0 +5.81%
on 11/15/16
550-2 -1.54%
on 11/29/16
+29-6 (+5.81%)
since 11/14/16
3-Month
490-0 +10.56%
on 09/21/16
550-2 -1.54%
on 11/29/16
+48-6 (+9.89%)
since 09/14/16
52-Week
480-2 +12.81%
on 08/31/16
580-4 -6.68%
on 06/08/16
-14-6 (-2.65%)
since 12/14/15

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Most Recent Stories

More News
Shootin' the Bull about a good day to conduct business

In my opinion, a great deal of opportunity was presented this week to get some marketing done at price levels and basis spreads previously unavailable.

Corn Posting Losses at Midday

Corn futures are trading at Friday’s midday with losses of 2 to 3 ½ cents. The national average Cash Corn price from cmdtyView is down 2 ¾ cents at $3.69 per bu. Thursday morning's Export Sales report...

ZCPAUS.CM : 3.6822 (-0.97%)
ZCZ24 : 401-6s (-0.99%)
ZCZ24 : 401-6s (-0.99%)
ZCH25 : 420-0s (-1.00%)
ZCPZ24US.CM : 3.7524 (-1.10%)
Soybeans Pulling Off Early Session Lows

Soybeans are trading 2 to 3 ¼ cents lower so far on Friday, with midday action well off the early double digit losses. CmdtyView’s national front month Cash Bean price is dow 3 cents at $9.48 1/2. Soymeal...

ZLZ24 : 41.36s (+1.05%)
ZMZ24 : 319.2s (-0.75%)
ZSPX24US.CM : 9.5350 (-0.08%)
ZSPAUS.CM : 9.5024 (-0.12%)
ZSX24 : 1012-0s (-0.12%)
ZSX24 : 1012-0s (-0.12%)
ZSF25 : 1029-4s (-0.17%)
Wheat Posting Mixed Midday Action

The wheat complex is trading with mixed feelings across the three markets at Friday’s midday.Chicago SRW futures are up 2 to 3 cents so far on the day. KC HRW are trading with fractional losses across...

KEH25 : 577-4s (-0.13%)
MWZ24 : 608-0s (+0.04%)
KEZ24 : 564-0s (-0.09%)
ZWZ24 : 568-4s (+0.53%)
ZWH25 : 587-4s (+0.43%)
Will Seasonal Tendencies Come Into Play This Year?

Corn and soybeans drift lower in the early morning trade, while wheat tries to find it’s footing. Will seasonal tendencies come into play this year?

Corn Ticking Lower to Start Friday

Corn prices are kicking off Friday with losses of ¾ to 1 cent in the nearbys. Futures closed out the Thursday session with losses of 3 ¾ to 7 cents across the board. The front month national Cash Corn...

ZCPAUS.CM : 3.6822 (-0.97%)
ZCZ24 : 401-6s (-0.99%)
ZCZ24 : 401-6s (-0.99%)
ZCH25 : 420-0s (-1.00%)
Wheat Managing to Post Overnight Gains Heading into Friday

Futures are posting gains across the three markets as we begin the Friday session. The wheat complex posted losses across the board on Thursday. Chicago SRW futures were down 8 ½ to 10 1/4 cents on the...

KEH25 : 577-4s (-0.13%)
MWZ24 : 608-0s (+0.04%)
KEZ24 : 564-0s (-0.09%)
ZWZ24 : 568-4s (+0.53%)
ZWH25 : 587-4s (+0.43%)
Soybeans Close with Fractional Losses

Soybean futures rounded out the Thursday session with a bout of weakness, as contracts were fractionally lower across the front months. CmdtyView’s national front month Cash Bean price was down 3/4 cent...

ZSPAUS.CM : 9.5024 (-0.12%)
ZMZ24 : 319.2s (-0.75%)
ZLZ24 : 41.36s (+1.05%)
ZSX24 : 1012-0s (-0.12%)
ZSF25 : 1029-4s (-0.17%)
ZSX24 : 1012-0s (-0.12%)
Corn Falls Lower on Thursday

Corn futures closed out the Thursday session with losses of 3 ¾ to 7 cents across the board. The front month national Cash Corn price from cmdtyView was down 7 cents to match Dec, settling at $3.71 1/2...

ZCPAUS.CM : 3.6822 (-0.97%)
ZCZ24 : 401-6s (-0.99%)
ZCH25 : 420-0s (-1.00%)
ZCZ24 : 401-6s (-0.99%)

Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 541-6
1st Resistance Point 541-6
Last Price 541-6s
1st Support Level 541-6
2nd Support Level 541-6
3rd Support Level N/A

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52-Week High 580-4
Fibonacci 61.8% 542-2
Last Price 541-6s
Fibonacci 50% 530-3
Fibonacci 38.2% 518-4
52-Week Low 480-2

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