Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
UNLIMITED Watchlists, Portfolios, Screeners, and other Barchart tools with Barchart Premier. FREE 30 Day Trial
Stocks | Futures | Watchlist | More
or

Spring Wheat Jul '24 (MWN24)

[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [MGEX]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
[[ rootItem.symbol ]]underlying price [[ rootItem.lastPrice ]] [[ rootItem.priceChange ]] ([[ rootItem.percentChange ]]) [[ rootItem.tradeTime ]]
Quote Overview for [[ item.sessionDateDisplayLong ]]
[[ rowChartData.labelLow ]]
[[ rowChartData.lowPriceFormatted ]]
[[ rowChartData.lowPrice ]]
[[ rowChartData.labelHigh ]]
[[ rowChartData.highPriceFormatted ]]
[[ rowChartData.highPrice ]]
since [[ rowChartData.lowDate ]]
since [[ rowChartData.highDate ]]
[[ value ]] [[ value ]]

Spring Wheat Futures Market News and Commentary

Wheat Posts Gains on Friday, Led by Chicago

The wheat market was on a rally train on Friday, as Chicago led the complex with 13 ½ to 17 ¼ cent gains. Kansas city tagged along on the bull fun, with contracts up 4 ¼  to 7 ¾ cents at the close. MPLS spring wheat contracts pushed 5 to 9 ¾ cents higher. 

The large managed money speculators in Chicago wheat futures and options added 9,835 contracts to their net short as of 4/16, taking it to 96,403 contracts. In Kansas City they were seen as nearing their record net long, adding 4,620 contracts as of Tuesday to 49,231 contracts. 

SovEcon’s projection for their Russian production total was down 1 MMT on Friday from the March estimate at 93 MMT. On Friday, Russia’s Ag Ministry announce they were raising the Russian wheat export tax by 6.4% to 3,443 ruble/MT (~$1/bu). India’s government wheat stocks are at a 16 year low for April 1 at 7.5 MMT, down 0.85 MMT from last year. 

May 24 CBOT Wheat  closed at $5.50 1/4, up 13 1/2 cents,

Jul 24 CBOT Wheat  closed at $5... Read more

Contract Specifications

See More
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
$2,750/2,500
First Notice Date
06/28/24 (70 days)
Expiration Date
07/12/24 (84 days)

Seasonal Chart

Spring Wheat Jul '24
Average Price Chart for 5 Prior Jul Contracts

Commitment of Traders Positions as of Apr 16, 2024

View Chart Details
Commercials - Long / Short
39,518 (-2,443)
15,716 (-1,535)
Non-Commercials - Long / Short
11,300 (+107)
34,692 (-1,186)
Producers - Long / Short
36,609 (-2,307)
15,173 (-1,454)
Swap Dealers - Long / Short
2,679 (+135)
313 (+190)
Managed Money - Long / Short
8,534 (+610)
34,145 (-929)
Other Reportables - Long / Short
2,766 (-503)
547 (-257)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

See More
Period Period Low Period High Performance
1-Month
635-0 +2.76%
on 04/03/24
673-4 -3.12%
on 03/25/24
-10-0 (-1.51%)
since 03/19/24
3-Month
635-0 +2.76%
on 04/03/24
721-2 -9.53%
on 01/25/24
-56-4 (-7.97%)
since 01/19/24
52-Week
635-0 +2.76%
on 04/03/24
919-0 -29.00%
on 07/25/23
-195-6 (-23.08%)
since 04/19/23

More Spring Wheat Quotes

All Futures Prices
Please wait...

Most Recent Stories

More News
Soybeans Recover on Friday with Double Digit Front Month Gains

Soybeans posted 7 ¾ to 16 ¾ cent gains across the board on Friday to ease the week’s losses. Soymeal was up $3.50 to $5.80 heading into the weekend. Soy Oil saw 16 to 28 point gains on the day. A private...

ZMN24 : 343.2s (+1.72%)
ZLN24 : 44.94s (+0.63%)
ZSK24 : 1150-4s (+1.43%)
ZSPAUS.CM : 10.9682 (+1.51%)
ZSN24 : 1165-6s (+1.46%)
ZSX24 : 1161-0s (+1.02%)
ZSPX24US.CM : 11.0062 (+1.08%)
Wheat Posts Gains on Friday, Led by Chicago

The wheat market was on a rally train on Friday, as Chicago led the complex with 13 ½ to 17 ¼ cent gains. Kansas city tagged along on the bull fun, with contracts up 4 ¼ to 7 ¾ cents at the close....

ZWK24 : 550-2s (+2.52%)
ZWN24 : 566-6s (+2.49%)
KEK24 : 581-4s (+0.74%)
KEN24 : 583-0s (+1.35%)
MWK24 : 647-0s (+1.29%)
Corn Rally into Weekend with Export Business and EPA Announcement

Corn futures closed out the week parring back the losses on Friday, as contracts were up 3 ½ to 6 ¾ cents across the board. May was up 6 ¾, with December up 6 ¼ cents to close out the day. The EPA...

ZCK24 : 433-4s (+1.58%)
ZCPAUS.CM : 4.1760 (+1.82%)
ZCN24 : 443-0s (+1.55%)
ZCZ24 : 466-2s (+1.36%)
ZCPZ24US.CM : 4.3502 (+1.43%)
Bull or Bear? Where Corn, Wheat, and Soybean Price are Headed

Darin Newsom joins Bryce Doeschot on Market Journal to discuss the corn, wheat, soybean, and cattle markets.

ZCK24 : 433-4s (+1.58%)
ZWK24 : 550-2s (+2.52%)
ZSK24 : 1150-4s (+1.43%)
LEJ24 : 181.475s (+0.17%)
Shootin' the Bull about a higher price for more cattle

Today's on feed number is interesting with 11.82 million head on feed, approximately 1 % more when March of '23 had 11.64. Today's price of April futures is $181.47 and last year, with fewer cattle on...

Corn Sellers are Winning... For Now

Technical Analysis of Corn Futures to assist traders and farmers with grain marketing.

ZCN24 : 443-0s (+1.55%)
Wheat Still Higher at Midday

Despite pulling off the overnight highs by 15-20 cents across some contracts, the wheat complex is still in the green on Friday. Chicago contracts are leading the way, with 9 to 10 cent gains in the front...

ZWK24 : 550-2s (+2.52%)
ZWN24 : 566-6s (+2.49%)
KEK24 : 581-4s (+0.74%)
KEN24 : 583-0s (+1.35%)
MWK24 : 647-0s (+1.29%)
Corn Heading Higher Following EPA Announcement

Midday action in the corn market has futures with 5 to 7 cent gains across most front months. The EPA today issued an emergency waiver to allow sales of E15 this summer. The waiver overrides the current...

ZCK24 : 433-4s (+1.58%)
ZCPAUS.CM : 4.1760 (+1.82%)
ZCN24 : 443-0s (+1.55%)
ZCZ24 : 466-2s (+1.36%)
ZCPZ24US.CM : 4.3502 (+1.43%)
Soybeans Rallying Double Digits into the Weekend

Soybeans are posting double digit gains across the front months on Friday, with gains of 10 to 14 cents. Soymeal is up $5.60 to $6 in the nearbys at midday. Soy Oil is 6 to 7 points higher so far. A private...

ZMN24 : 343.2s (+1.72%)
ZLN24 : 44.94s (+0.63%)
ZSK24 : 1150-4s (+1.43%)
ZSPAUS.CM : 10.9682 (+1.51%)
ZSN24 : 1165-6s (+1.46%)
ZSX24 : 1161-0s (+1.02%)
ZSPX24US.CM : 11.0062 (+1.08%)
Grains Attempt to Rally

Grain markets are firm in the early morning trade, will it last?

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 670-7
2nd Resistance Point 663-1
1st Resistance Point 657-7
Last Price 652-4s
1st Support Level 644-7
2nd Support Level 637-1
3rd Support Level 631-7

See More

52-Week High 919-0
Fibonacci 61.8% 810-4
Fibonacci 50% 777-0
Fibonacci 38.2% 743-4
Last Price 652-4s
52-Week Low 635-0

See More

Solutions for Grain Market Professionals barchart.com/cmdty
Commodity Price Reports
Get Free Access!
cmdtyView for Ag marketers and merchandisers
Start Free Trial
We help Agribusinesses make better decisions
Learn Now
Want to use this as
your default charts setting?
Save this setup as a Chart Templates
Switch the Market flag
for targeted data from your country of choice.
Open the menu and switch the
Market flag for targeted data from your country of choice.
Want Streaming Chart Updates?
Switch your Site Preferences
to use Interactive Charts
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.

Free Barchart Webinar