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Spring Wheat May '23 (MWK23)

832-0s +8-4 (+1.03%) 05/12/23 [MIAX]
N/A x N/A N/A x N/A
underlying price ()
Overview for Fri, May 12th, 2023
Day Low
832-0
Day High
832-0
Open 0-0
Previous Close 823-4 823-4
Volume 0 0
Open Interest 0 0
Stochastic %K 74.34% 74.34%
Weighted Alpha -31.81 -31.81
5-Day Change +10-4 (+1.28%) +10-4 (+1.28%)
52-Week Range 758-2 - 1358-6 758-2 - 1358-6
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Spring Wheat Futures Market News and Commentary

Wheat Eases Lower into the Holiday

The wheat complex posted losses across most contracts on Thursday.  Chicago SRW wheat fell 7 to 9 cents on to round out the week on Thursday, with September rallying 16 cents on the short week.  KC HRW contracts closed Thursday with losses of 4 to 7 cents, as September was up just 2 ¼ cents on the week. MPLS spring wheat slipped back on Thursday, down 1 to 2 cents, with September up 19 ¼ cents this week. The markets will be closed on Friday for Independence Day, with the open set for Sunday night. 

USDA released their weekly Export Sales report this morning, with 2025/26 wheat sales totaling 585,989 MT in the week ending on June 26. That was on the high side of a Reuters survey of traders looking for between 200,000 and 600,000 MT. That was a MY high and more than double the previous week. The Philippines was the largest buyer of 162,000 MT, with 60,000 MT sold to Thailand. 

Census data was released this morning, showing 2.16 MMT (79.4 mbu) of wheat exported in May. That... Read more

Contract Specifications

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Contract
Hard Red Spring Wheat
Contract Size
5,000 bushels
Tick Size
0.025 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
$1,870/1,700
First Notice Date
04/28/23
Expiration Date
05/12/23 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of Jun 24, 2025

View Chart Details
Commercials - Long / Short
27,614 (-5,939)
30,621 (-274)
Non-Commercials - Long / Short
16,352 (+1,946)
14,387 (-4,632)
Producers - Long / Short
24,016 (-5,687)
29,645 (-112)
Swap Dealers - Long / Short
3,352 (-251)
730 (-161)
Managed Money - Long / Short
13,086 (+3,138)
13,154 (-5,084)
Other Reportables - Long / Short
3,266 (-1,192)
1,233 (+452)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
758-2 +9.73%
on 05/02/23
Period Open: 860-0
895-4 -7.09%
on 04/18/23
-28-0 (-3.26%)
since 04/12/23
3-Month
758-2 +9.73%
on 05/02/23
Period Open: 923-0
928-4 -10.39%
on 02/21/23
-91-0 (-9.86%)
since 02/10/23
52-Week
758-2 +9.73%
on 05/02/23
Period Open: 1279-4
1358-6 -38.77%
on 05/17/22
-447-4 (-34.97%)
since 05/12/22

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Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 832-0
2nd Resistance Point 832-0
1st Resistance Point 832-0
Last Price 832-0s
1st Support Level 832-0
2nd Support Level 832-0
3rd Support Level 832-0

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52-Week High 1358-6
Fibonacci 61.8% 1129-3
Fibonacci 50% 1058-4
Fibonacci 38.2% 987-5
Last Price 832-0s
52-Week Low 758-2

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