Spring Wheat Dec '24 (MWZ24)
Spring Wheat Futures Market News and Commentary
The wheat complex closed with winter wheat weakness, with spring wheat higher on Friday. Chicago SRW futures were steady in some deferreds to 7 1/4 cents lower in the front months, as May was still up 20 ¼ cents this week. KC HRW futures were 1 ½ to 6 cents lower on Friday, with the weekly gain at 46 cents. MPLS spring wheat was up 1 1/4 to 3 3/4 cents, with May up 41 ¾ cents. Crude oil fell $9.12 on the day following Iran agreeing to open the Strait of Hormuz this morning.
Commitment of Traders data showed money managers adding 1,633 contracts to their net short position in CBT wheat at 7,266 contracts as of Tuesday. In KC wheat futures and options, specs added 1,316 contracts to their net long to 16,924 contracts.Â
Export Sales data will from Thursday now has the total commitments for old crop wheat at 24.54 MMT, which is slightly above the USDA projection vs. the 102% average pace. Shipments are 20.69 MMT, which is 84% of USDA’s number and matches the average shipping... Read more
Barchart · 7 minutes ago
Corn futures closed the Friday session with most contracts fractionally to 2 ½ cents higher, shrugging off early weakness. July was an exception, down...
Barchart · 7 minutes ago
Soybeans closed with Friday gains of ½ to 4 ¾ cents across the board, with Marh slipping 8 ½ cents on the week. The cmdtyView national average Cash...
Barchart · 7 minutes ago
The wheat complex closed with winter wheat weakness, with spring wheat higher on Friday. Chicago SRW futures were steady in some deferreds to 7 1/4 cents...
Walsh Trading · 13 minutes ago
Cattle Markets Crash and recover in front of the Cattle on Feed report
Swift Trading Company · Fri Apr 17, 2:08PM CDT
In my opinion, the cattle market is believed moving into equilibrium. Rationing has caused significant shifts in domestic production and processing.
Barchart · 3 minutes ago
Corn futures closed the Friday session with most contracts fractionally to 2 ½ cents higher, shrugging off early weakness. July was an exception, down...
Barchart · 3 minutes ago
Soybeans closed with Friday gains of ½ to 4 ¾ cents across the board, with Marh slipping 8 ½ cents on the week. The cmdtyView national average Cash...
Barchart · 3 minutes ago
Cotton futures posted gains of 44 to 170 points across the board on Friday, with May rallying 418 points on the week. The US dollar index was $0.045 higher...
Barchart · 3 minutes ago
Lean hog futures closed Friday with contracts down a tick to 67 cents, as June was down $2.67 this week. USDA’s national base hog price was reported...
Barchart · 3 minutes ago
Live cattle futures closed Friday seeing some strength off the lows but closing down 22 to 87 cents. April was down $1.82 this week. Cash trade has picked...
Barchart · 3 minutes ago
The wheat complex closed with winter wheat weakness, with spring wheat higher on Friday. Chicago SRW futures were steady in some deferreds to 7 1/4 cents...
Barchart · 42 minutes ago
United Airlines shares rally as Iran declares the Strait of Hormuz fully open. UAL stock is still relatively inexpensive to own in 2026.
Barchart · 1 hour ago
The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +1.20%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.79%, and the Nasdaq 100 Index...
