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Spring Wheat May '25 (MWK25)

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Spring Wheat Futures Market News and Commentary

Wheat Closes Mixed on Wednesday, with Spring Wheat Heading Higher

The wheat complex posted mostly lower trade on Wednesday with the spring wheat contracts holding higher. Chicago SRW contracts were lower on the midweek session with losses of 1 1/2 to 3 1/2 cents. KC HRW futures were down 3/4 to 3 3/4 cents lower on Wednesday. MPLS spring wheat was steady to 4 cents higher at the close.

A Reuters survey of analysts shows expectations of 200,000 to 500,000 MT for 2026/27 MT wheat in the week of 7/23 ahead of the Thursday Export Sales report. 

Black Sea traffic remains limited, as strikes between Ukraine and Russia continue on port and some internal logistics infrastructure.

Sep 26 CBOT Wheat  closed at $6.60 3/4, down 1 3/4 cents,

Dec 26 CBOT Wheat  closed at $6.77 3/4, down 2 cents,

Sep 26 KCBT Wheat  closed at $7.25 1/2, down 3/4 cent,

Dec 26 KCBT Wheat  closed at $7.40 3/4, down 1 1/4 cents,

Sep 26 MIAX Wheat  closed at $7.05, up 2 1/2 cents,

Dec 26 MIAX Wheat  closed at $7.28 1/4, up 3 cents,

... 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 Ag
Point Value
$5,000
Margin/Maintenance
$2,310/2,100
First Notice Date
04/30/25
Expiration Date
05/14/25 (expired)

Seasonal Chart

Spring Wheat May '25
Average Price Chart for 5 Prior May Contracts

Commitment of Traders Positions as of Jul 21, 2026

View Chart Details
Commercials - Long / Short
50,209 (-2,495)
52,350 (+6,042)
Non-Commercials - Long / Short
22,785 (+1,745)
20,364 (-5,874)
Producers - Long / Short
45,841 (-3,258)
51,515 (+7,423)
Swap Dealers - Long / Short
4,169 (+965)
636 (-1,179)
Managed Money - Long / Short
21,419 (+1,877)
18,967 (-6,307)
Other Reportables - Long / Short
1,366 (-132)
1,397 (+433)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
578-6 +6.52%
on 04/28/25
633-4 -2.68%
on 04/30/25
+11-6 (+1.94%)
since 04/14/25
3-Month
573-0 +7.59%
on 03/28/25
659-4 -6.52%
on 02/19/25
-32-6 (-5.04%)
since 02/14/25
52-Week
573-0 +7.59%
on 03/28/25
802-4 -23.18%
on 05/28/24
-152-2 (-19.80%)
since 05/14/24

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Wheat Closes Mixed on Wednesday, with Spring Wheat Heading Higher

The wheat complex posted mostly lower trade on Wednesday with the spring wheat contracts holding higher. Chicago SRW contracts were lower on the midweek session with losses of 1 1/2 to 3 1/2 cents. KC...

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Wheat Posting Mixed Wednesday Trade

The wheat complex is showing mixed trade on Wednesday, with contracts firmer in the hard red months. Chicago SRW contracts are slipping lower on the midweek session with losses of ¾ to 2 cents. KC HRW...

KEZ26 : 748-0 (+0.98%)
KEU26 : 733-4 (+1.10%)
MWU26 : 7.0500 (unch)
ZWU26 : 664-6 (+0.61%)
ZWZ26 : 681-4 (+0.55%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 616-4
2nd Resistance Point 616-4
1st Resistance Point 616-4
Last Price 616-4s
1st Support Level 616-4
2nd Support Level 616-4
3rd Support Level 616-4

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52-Week High 802-4
Fibonacci 61.8% 714-7
Fibonacci 50% 687-6
Fibonacci 38.2% 660-5
Last Price 616-4s
52-Week Low 573-0

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