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Spring Wheat Dec '21 (MWZ21)

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Spring Wheat Futures Market News and Commentary

Wheat Falling Lower on Tuesday

The wheat complex is trading with weakness on Tuesday across the three markets. Chicago SRW futures are posting 6 to 7 cent Tuesday losses. KC HRW futures are showing 3 to 4 cent losses at midday. MPLS spring wheat is down 2 to 3 cents in the front months on Tuesday. 

USDA’s FGIS tallied wheat export shipments at 392,661 MT (14.43 mbu) during the week ending on January 15. That was 23.48% larger than the week prior and 49.97% above the same week last year. Mexico was the top destination of 110,660 MT, with 82,764 MT headed to Japan and 54,455 MT to Taiwan. Marketing year exports for 2025/26 are 15.975 MMT (586.96 mbu) since June 1, which is now 19.84% larger than the same period last year. 

The weekly CFTC update via Commitment of Traders data showed managed money trimming just 936 contracts from their net short in CBT wheat futures and options to 106,229 contracts by Tuesday. As of January 13, specs were net short just 12,781 contracts in KC wheat futures and options, a... 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
11/30/21
Expiration Date
12/14/21 (expired)

Seasonal Chart

Spring Wheat Dec '21
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Jan 13, 2026

View Chart Details
Commercials - Long / Short
42,136 (+3,472)
25,672 (+3,019)
Non-Commercials - Long / Short
14,048 (+1,201)
29,987 (+865)
Producers - Long / Short
37,187 (+3,401)
23,377 (+2,723)
Swap Dealers - Long / Short
4,226 (-185)
1,572 (+40)
Managed Money - Long / Short
8,996 (+135)
29,498 (+833)
Other Reportables - Long / Short
5,052 (+1,066)
489 (+32)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
999-0 +2.13%
on 11/16/21
1061-0 -3.84%
on 12/02/21
-29-6 (-2.83%)
since 11/12/21
3-Month
881-6 +15.71%
on 09/21/21
1086-4 -6.10%
on 11/02/21
+133-0 (+14.99%)
since 09/14/21
52-Week
590-0 +72.92%
on 12/16/20
1086-4 -6.10%
on 11/02/21
+426-6 (+71.90%)
since 12/14/20

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ZSPAUS.CM : 9.8180 (-0.56%)
ZLH26 : 52.56s (-0.10%)
ZMH26 : 291.6s (+0.55%)
ZSX25 : 1112-6s (-1.70%)
ZSH26 : 1053-0s (-0.45%)
ZSK26 : 1064-0s (-0.44%)
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ZCH26 : 423-6s (-0.24%)
ZCPAUS.CM : 3.8594 (-0.30%)
Wheat Falling Lower on Tuesday

The wheat complex is trading with weakness on Tuesday across the three markets. Chicago SRW futures are posting 6 to 7 cent Tuesday losses. KC HRW futures are showing 3 to 4 cent losses at midday. MPLS...

KEK26 : 534-4s (-0.70%)
KEH26 : 523-0s (-0.81%)
MWH26 : 5.6200s (-0.53%)
ZWH26 : 510-2s (-1.50%)
ZWK26 : 521-6s (-1.32%)
Grains Start the Shortened Week Under Pressure

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ZCH26 : 423-6s (-0.24%)
ZMH26 : 291.6s (+0.55%)
KEH26 : 523-0s (-0.81%)
ZWH26 : 510-2s (-1.50%)
ZMH26 : 291.6s (+0.55%)
KEH26 : 523-0s (-0.81%)
ZSH26 : 1053-0s (-0.45%)
ZCH26 : 423-6s (-0.24%)
ZSH26 : 1053-0s (-0.45%)
ZWH26 : 510-2s (-1.50%)
ZLH26 : 52.56s (-0.10%)
Soybeans Easing Back Lower on Tuesday Morning

Soybeans are slipping back 1 to 2 cents so far on Tuesday AM trade. Futures posted 4 to 5 cent gains across most contracts on Friday, as March was down just 4 ¾ cents on the week. Friday’s preliminary...

ZSPAUS.CM : 9.8180 (-0.56%)
ZLH26 : 52.56s (-0.10%)
ZMH26 : 291.6s (+0.55%)
ZSX25 : 1112-6s (-1.70%)
ZSH26 : 1053-0s (-0.45%)
ZSK26 : 1064-0s (-0.44%)
Wheat Pulling Back to Come Out of the Long Weekend

Wheat is trading lower across the winter wheat contracts on Tuesday morning, with spring wheat steady. The wheat complex rallied into the long weekend with gains across the three markets. Chicago SRW futures...

KEK26 : 534-4s (-0.70%)
KEH26 : 523-0s (-0.81%)
MWH26 : 5.6200s (-0.53%)
ZWH26 : 510-2s (-1.50%)
ZWK26 : 521-6s (-1.32%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 1046-1
2nd Resistance Point 1040-7
1st Resistance Point 1030-5
Last Price 1020-2s
1st Support Level 1015-1
2nd Support Level 1009-7
3rd Support Level 999-5

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52-Week High 1086-4
Last Price 1020-2s
Fibonacci 61.8% 896-7
Fibonacci 50% 838-2
Fibonacci 38.2% 779-5
52-Week Low 590-0

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