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Spring Wheat May '23 (MWK23)

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Full Chart

Spring Wheat Futures Market News and Commentary

Wheat Trading Mostly Higher at Midday

Barchart - Fri May 1, 5:09PM CDT

The wheat complex closed Friday with most exchanges higher. Chicago SRW futures saw steady to 5 cent higher trade, as May was 16 ¼ cents in the green since last Friday. KC HRW futures posted ¾ to 4 ½ cent gains, as May rallied 23 ½ cents on the week. MPLS spring wheat was mixed, with contracts down 1 ¾ to 9 ¾ cents higher on Friday, as May was 28 ½ cents higher over the week.

The quarterly Flour Milling report from NASS showed a total of 222.4 million bushels of wheat ground for flour in January through March, a 4.2 mbu drop from the same period last year.

CFTC data from Friday showed managed money in CBT wheat futures and options flipping back to a net long of 10,664 contracts as of Tuesday, a move of 21,381 contracts to the long side. In KC wheat, spec traders were busy increasing their net long by 2,615 contracts to 30,624 contracts.

Weekly Export Sales from Thursday has total export commitments at 24.859 MMT, which is 15% above the same time last year. That is... Read more

Contract Specifications

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

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 Apr 28, 2026

View Chart Details

Commercials - Long / Short

30,901 (-821)

62,830 (+3,810)

Non-Commercials - Long / Short

36,402 (+6,741)

3,533 (-446)

Producers - Long / Short

26,504 (-1,131)

62,622 (+4,088)

Swap Dealers - Long / Short

4,189 (+399)

0 (-189)

Managed Money - Long / Short

30,048 (+5,948)

2,382 (-699)

Other Reportables - Long / Short

6,354 (+793)

1,151 (+253)

Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

Period	Period Low	Period High	Performance
1-Month	758-2 +9.73% on 05/02/23	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	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	1358-6 -38.77% on 05/17/22	-447-4 (-34.97%) since 05/12/22

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More news for this symbol

Symbol	Latest	Change
MWK23	832-0s	+8-4
Spring Wheat May '23
MWN26	7.0400s	-0.0175
Spring Wheat Mpls
ZCN26	480-2s	+5-4
Corn
ZSN26	1203-2s	+7-6
Soybean
ZMN26	319.3s	+0.4
Soybean Meal
ZLN26	75.16s	+0.62
Soybean Oil
ZWN26	637-6s	+1-0
Wheat
KEN26	694-4s	+1-0
Hard Red Winter Wheat
KWN26	707-4s	+0-4
Hard Red Spring Wheat
ZON26	352-0s	+2-6
Oats
ZRN26	11.235s	+0.080
Rough Rice
RSN26	756.30s	-7.50
Canola

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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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