Spring Wheat Dec '23 (MWZ23)
Spring Wheat Futures Market News and Commentary
The wheat complex was in rally mode to close out the week, finishing higher in all three exchanges. Chicago SRW contracts were 4 ¾ to 9 ½ cents higher across most contracts, with September up 42 ½ cents on the week. KC HRW futures rallied 10 ½ to 15 ¾ cents on the day, with September up 56 cents for the week. MPLS spring wheat was right there with the winter wheats, up 6 ½ to 11 ½ cents on Friday, as September rallied 39 ¼ cents.
Continued buying from the escalating Black Sea conflict is supportive after strikes on ports and vessels on the water have disrupted the flow of exports.
The weekly USDA Export Sales report from Thursday shows 2026/27 wheat sales now at 2.057 MMT as of July 9, which was 10% of the USDA export projection and ahead of the 9% average pace over the last 5 years.
Weekly Commitment of Traders data indicated managed money in CBT wheat futures and options slashing their net short by 25.527 contracts in the week ending on July 14, taking it to 36,7... Read more
Sidwell Strategies · Sat Jul 18, 12:04PM CDT
Weekend Black Sea & Hormuz activity could stimulate further rally
Bull Strangle Newsletter · Sat Jul 18, 9:51AM CDT
Choosing the right direction is an important first step, but it rarely tells the entire story. Learn why factors such as timing, contract selection, and...
Walsh Trading · Fri Jul 17, 6:57PM CDT
Cattle markets sink to new lows, taking cash prices with t
Best Weather Inc. · Fri Jul 17, 6:13PM CDT
The Black Sea, Midwest & European Weather Convergence: Why Grain Markets Just Exploded
Barchart · Fri Jul 17, 3:55PM CDT
Soybeans rebounded from the Thursday losses to close Friday with a late push higher, up 4 ½ to 9 ½ cents. August was 12 ¾ cents in the green on the...
Barchart · Sat Jul 18, 12:30PM CDT
The easy gains from AI may be over, but few companies still stand to benefit from the next wave of AI infrastructure spending.
Barchart · Sat Jul 18, 10:45AM CDT
Citi cut its Microsoft price target from $620 to $570 while maintaining a 'Buy' rating, citing ongoing software multiple compression after the stock dropped...
Barchart · Sat Jul 18, 10:30AM CDT
Among the 14 S&P 500 stocks that have surged more than 100% so far this year, Micron stands out as my top pick.
Barchart · Sat Jul 18, 10:15AM CDT
Micron is expanding its automotive footprint with a string of strategic deals. Could this latest move add more fuel to MU stock’s remarkable rally?
Barchart · Sat Jul 18, 10:00AM CDT
Mark Cuban shares what he’d do with a $100,000 windfall, including paying off debt, buying household essentials in bulk and explaining why keeping cash...
Barchart · Sat Jul 18, 9:30AM CDT
Palo Alto’s recurring revenue continues to grow rapidly, platform adoption is strengthening customer relationships, and AI security is emerging as a...
Barchart · Sat Jul 18, 9:00AM CDT
After more than a decade of being starved for yield by the Federal Reserve, the bond market is finally offering us a clean, honest 5% return on zero-risk...
Barchart · Sat Jul 18, 9:00AM CDT
AST SpaceMobile has announced a $1 billion convertible offering triggering dilution concerns among investors.