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Spring Wheat Mar '23 (MWH23)

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Spring Wheat Futures Market News and Commentary

Wheat Fails to See Green on St. Patrick’s Day

Wheat was under pressure on Tuesday, with losses across the three markets. Chicago SRW futures were 5 ¼ to 8 cents lower on the day. KC HRW futures were 6 ¼ to 9 ¾ cents in the red at the close. MPLS spring wheat was down 7 to 10 cents in the front months on Tuesday. Crude was up $2.52 on the day.

The next week looks dry for much of the Plains from NE to TX, with much of SRW country remaining dry with scattered precip.

The Kansas Crop Progress report from Monday showed winter wheat conditions down 4% to 52% good/excellent, with the Brugler500 index down 9 points to 339. 

EU wheat production was estimated at 142.6 MMT according to Coceral, down 1.3 MMT from the previous estimate. The European Commission estimates the EU wheat exports at 16.77 MMT from July 1 to March 15, up 1.23 MMT from the same period last year.

May 26 CBOT Wheat  closed at $5.89 3/4, down 7 1/2 cents,

Jul 26 CBOT Wheat  closed at $6.00 3/4, down 7 cents,

May 26 KCBT Wheat  close... Read more

Contract Specifications

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Contract
Hard Red Spring Wheat
Contract Size
5,000 bushels
Tick Size
0.0025 dollars per bushel ($12.50 per contract)
Trading Hours
7:00p.m. - 7:45a.m. and 8:30a.m. - 1:20p.m. (Sun-Fri) CST
Exchange
MIAX
Point Value
$5,000
Margin/Maintenance
$1,925/1,750
First Notice Date
02/28/23
Expiration Date
03/14/23 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Mar 10, 2026

View Chart Details
Commercials - Long / Short
29,355 (-2,024)
47,549 (+9,006)
Non-Commercials - Long / Short
26,300 (+2,596)
8,161 (-8,573)
Producers - Long / Short
27,727 (-1,478)
46,127 (+9,602)
Swap Dealers - Long / Short
1,353 (-421)
1,147 (-471)
Managed Money - Long / Short
22,890 (+3,562)
6,900 (-8,465)
Other Reportables - Long / Short
3,410 (-966)
1,261 (-108)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
806-0 +4.90%
on 03/09/23
935-0 -9.57%
on 02/21/23
-86-4 (-9.28%)
since 02/14/23
3-Month
806-0 +4.90%
on 03/09/23
940-0 -10.05%
on 12/30/22
-71-6 (-7.82%)
since 12/14/22
52-Week
806-0 +4.90%
on 03/09/23
1390-2 -39.18%
on 05/17/22
-168-4 (-16.62%)
since 03/14/22

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Wheat Fails to See Green on St. Patrick’s Day

Wheat was under pressure on Tuesday, with losses across the three markets. Chicago SRW futures were 5 ¼ to 8 cents lower on the day. KC HRW futures were 6 ¼ to 9 ¾ cents in the red at the close. MPLS...

KEN26 : 621-2s (-1.47%)
KEK26 : 606-6s (-1.58%)
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ZWK26 : 589-6s (-1.26%)
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Grain Spreads: Wild Swings in Soybeans

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Soybeans Bouncing Higher on Turnaround Tuesday

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Wheat Holding Lower on Tuesday

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KEN26 : 621-2s (-1.47%)
KEK26 : 606-6s (-1.58%)
MWK26 : 6.2425s (-1.54%)
ZWK26 : 589-6s (-1.26%)
ZWN26 : 600-6s (-1.15%)
Corn Bouncing on Tuesday Morning

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ZCZ25 : 431-4s (-0.86%)
ZCN26 : 465-4s (-0.05%)
ZCK26 : 454-0s (unch)
ZCPAUS.CM : 4.1062 (+0.01%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 845-4
2nd Resistance Point 845-4
1st Resistance Point 845-4
Last Price 845-4s
1st Support Level 845-4
2nd Support Level 845-4
3rd Support Level 845-4

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52-Week High 1390-2
Fibonacci 61.8% 1167-1
Fibonacci 50% 1098-1
Fibonacci 38.2% 1029-1
Last Price 845-4s
52-Week Low 806-0

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