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Spring Wheat Dec '22 (MWZ22)

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Spring Wheat Futures Market News and Commentary

Wheat Futures Dropped Double Digits

Wheats continued lower on Thursday. Chicago wheat closed down by 26 3/4 to 31 3/4 cents. KC HRW settled just off the lows in the front months, but futures were still down by as much as 38 1/2 cents on the day. Spring wheats closed with 26 1/2 to 30 3/4 cent losses in the front months. 

USDA’s Export Sales report showed 207,152 MT of wheat was sold for export during the week that ended 8/11. That was down from 360k MT last week as a MY low and was below expectations. Mexico and the Philippines were the top buyers. Spring wheat was the most sold variety of the week with a third of the total. 

India’s ag ministry raised the country’s wheat production number by 0.43 MMT to 106.84 MMT on Wednesday. For comparison, USDA is at 103 MMT.  Some private firms insist the number is much lower, citing slow farmer sales. 

An additional 4 loaded vessels left Ukrainian ports, taking the total since the first of August to 24. Some are now carrying wheat. Ukraine’s wheat exports have... Read more

Contract Specifications

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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
$3,960/3,600
First Notice Date
11/30/22 (103 days)
Expiration Date
12/14/22 (117 days)

Seasonal Chart

Spring Wheat Dec '22
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Aug 9, 2022

View Chart Details
Commercials - Long / Short
36,161 (-1,543)
35,945 (-2,035)
Non-Commercials - Long / Short
6,873 (-324)
4,661 (+11)
Producers - Long / Short
33,820 (-1,665)
35,052 (-2,073)
Swap Dealers - Long / Short
2,323 (+134)
875 (+50)
Managed Money - Long / Short
2,952 (-199)
3,967 (+164)
Other Reportables - Long / Short
3,921 (-125)
694 (-153)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
861-6 +1.04%
on 08/18/22
967-0 -9.95%
on 07/20/22
-70-6 (-7.51%)
since 07/19/22
3-Month
861-6 +1.04%
on 08/18/22
1325-2 -34.30%
on 05/20/22
-454-2 (-34.28%)
since 05/19/22
52-Week
744-0 +17.04%
on 09/10/21
1400-0 -37.80%
on 05/17/22
+100-2 (+13.01%)
since 08/19/21

More Spring Wheat Quotes

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Wheat Futures Dropped Double Digits

Wheats continued lower on Thursday. Chicago wheat closed down by 26 3/4 to 31 3/4 cents. KC HRW settled just off the lows in the front months, but futures were still down by as much as 38 1/2 cents on...

ZWU22 : 737-4 (+0.82%)
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ZWPAES.CM : 6.7290 (-4.49%)
KEU22 : 820-4 (+0.98%)
KEPAWS.CM : 7.6620 (-4.79%)
MWU22 : 859-6 (+0.82%)
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Take the Stress Out of Your Marketing Strategy. No hedge account. No margin calls. Just comprehensive, common-sense guidance at a great value. Learn more: https://www.totalfarmmarketing.com/tfm-cash-plus/...

Corn Back to Black at Midday

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ZCU22 : 619-2 (unch)
ZCPAUS.CM : 6.7188 (+0.48%)
ZCZ22 : 615-4 (unch)
ZCH23 : 622-4 (unch)
ZCPZ22US.CM : 5.8904 (+0.64%)
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Red Midday for Wheat Market

The wheat futures complex continues lower with Thursday midday losses of double digits. The slowest weekly export sales of the marketing year, along with increased volume out of Ukraine, is pressuring...

ZWU22 : 737-4 (+0.82%)
ZWZ22 : 754-6 (+0.77%)
ZWPAES.CM : 6.7290 (-4.49%)
KEU22 : 820-4 (+0.98%)
KEPAWS.CM : 7.6620 (-4.79%)
MWU22 : 859-6 (+0.82%)
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Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 919-1
2nd Resistance Point 907-1
1st Resistance Point 885-7
Last Price 872-6
1st Support Level 852-5
2nd Support Level 840-5
3rd Support Level 819-3

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52-Week High 1400-0
Fibonacci 61.8% 1149-3
Fibonacci 50% 1072-0
Fibonacci 38.2% 994-5
Last Price 872-6
52-Week Low 744-0

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