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Spring Wheat Mpls May '26 (MWK26)

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Spring Wheat Mpls Futures Market News and Commentary

Wheat Losses Extend to Wednesday Morning

Wheat is kicking off Wednesday trade with losses of 2 to 4 cents. The wheat complex was weaker on Tuesday. Chicago SRW futures were steady to 2 cents lower. Open interest rose 3,208 contracts on Tuesday. KC HRW futures are down 5 to 6 cents in the front months on Tuesday. OI ticked up 519 contracts on Tuesday. MPLS spring wheat was 1 to 3 cents weaker.

Precip will be limited in the Southern Plains over the next week, with some totals from scattered precip to 2 inches in parts of SRW country. 

EU soft what exports from July 1 to February 22 have totaled 15.38 MMT according to European Commission data, up 1.36 MMT from the same week last year. Algeria purchased wheat in a tender on Tuesday, though totals have yet to be announced. Russia’s wheat export estimate for 2025/26 was trimmed by 0.3 MMT to 45.4 MMT by SovEcon.

Mar 26 CBOT Wheat  closed at $5.67 1/2, down 2 cents, currently down 2 1/2 cents

May 26 CBOT Wheat  closed at $5.73 1/4, down 1/2 cent, currently... 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
$1,650/1,500
First Notice Date
04/30/26 (64 days)
Expiration Date
05/14/26 (78 days)

Seasonal Chart

Spring Wheat Mpls May '26
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of Feb 17, 2026

View Chart Details
Commercials - Long / Short
42,338 (+1,925)
28,993 (+2,582)
Non-Commercials - Long / Short
15,471 (+1,382)
28,544 (+996)
Producers - Long / Short
39,955 (+2,046)
26,831 (+1,618)
Swap Dealers - Long / Short
1,988 (-72)
1,767 (+1,013)
Managed Money - Long / Short
9,060 (+1,337)
27,784 (+1,070)
Other Reportables - Long / Short
6,411 (+45)
760 (-74)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
5.7850 +2.68%
on 01/27/26
6.0475 -1.78%
on 02/23/26
+0.0725 (+1.24%)
since 01/23/26
3-Month
5.7175 +3.89%
on 12/18/25
6.0475 -1.78%
on 02/23/26
+0.0375 (+0.64%)
since 11/25/25
52-Week
5.7175 +3.89%
on 12/18/25
7.0150 -15.32%
on 06/20/25
-0.8775 (-12.87%)
since 02/25/25

More Spring Wheat Mpls Quotes

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Wheat Losses Extend to Wednesday Morning

Wheat is kicking off Wednesday trade with losses of 2 to 4 cents. The wheat complex was weaker on Tuesday. Chicago SRW futures were steady to 2 cents lower. Open interest rose 3,208 contracts on Tuesday....

KEK26 : 562-0 (-0.88%)
KEH26 : 551-0 (-0.59%)
MWH26 : 5.7600 (-0.60%)
ZWH26 : 563-4 (-0.70%)
ZWK26 : 567-2 (-1.05%)
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ZCH26 : 428-6 (+0.23%)
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Wheat Eases Lower on Tuesday

The wheat complex was weaker on Tuesday. Chicago SRW futures were steady to 2 cents lower. KC HRW futures are down 5 to 6 cents in the front months on Tuesday. MPLS spring wheat were 1 to 3 cents weaker....

KEK26 : 562-0 (-0.88%)
KEH26 : 551-0 (-0.59%)
MWH26 : 5.7600 (-0.60%)
ZWH26 : 563-4 (-0.70%)
ZWK26 : 567-2 (-1.05%)
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ZLK26 : 60.21 (-0.48%)
ZMK26 : 320.6 (+1.97%)
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ZSH26 : 1143-4 (+0.35%)
ZSK26 : 1159-6 (+0.39%)
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Grain Spreads: Bean Timing

How Much Upside in Left?

Shootin' the Bull about the next shoe to drop

Basis didn't improve much, if any, and everyone appears to be holding their breath to see who pays up, and who doesn't.

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Strong Signal Strength.

Key Turning Points

3rd Resistance Point 6.0417
2nd Resistance Point 6.0183
1st Resistance Point 5.9867
Last Price 5.9125
1st Support Level 5.9317
2nd Support Level 5.9083
3rd Support Level 5.8767

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52-Week High 7.0150
Fibonacci 61.8% 6.5194
Fibonacci 50% 6.3663
Fibonacci 38.2% 6.2131
Last Price 5.9125
52-Week Low 5.7175

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