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Spring Wheat Mar '22 (MWH22)

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Spring Wheat Futures Market News and Commentary

Wheat Posting Limit Gains

The wheat complex is up the limit in several winter wheat front months at midday. CBT contracts are up 63 to 70 cents in the nearby contracts, with KC 67 to the 70 cent limit higher. Deferred contracts are up 22 to 55 cents. MPLS is 58 to 60 cents higher. 

Over the weekend, India took steps to limit exports. This was incorrectly reported in the media as a ban, but Bangladesh has indicated they will not be restricted, Egypt has indicated they have been promised 500,000 MT, and India has confirmed that other sales with active letters of credit will be allowed to proceed. The above did not prevent wheat from gapping higher on Sunday night. 

Wheat export inspections during the week of 5/12 were reported at 348,048 MT. That was a rebound from the week prior by 32.4%, but was still 47.3% below the same week in 2021. The MYTD total is now 19.376 MMT, down 20.62% vs. the year prior. 

US spring wheat planting is thought to have crawled forward to 41-45% complete vs. the 76%... 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
$3,630/3,300
First Notice Date
02/28/22
Expiration Date
03/14/22 (expired)

Seasonal Chart

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

Commitment of Traders Positions as of May 10, 2022

View Chart Details
Commercials - Long / Short
30,524 (+1,365)
60,539 (+1,880)
Non-Commercials - Long / Short
26,584 (+346)
1,491 (+49)
Producers - Long / Short
28,346 (+1,263)
59,068 (+1,805)
Swap Dealers - Long / Short
1,871 (+44)
1,164 (+17)
Managed Money - Long / Short
19,274 (-116)
1,017 (+193)
Other Reportables - Long / Short
7,310 (+462)
474 (-144)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
943-0 +16.57%
on 02/25/22
1183-6 -7.14%
on 03/07/22
+146-2 (+15.35%)
since 02/15/22
3-Month
872-2 +26.02%
on 01/18/22
1183-6 -7.14%
on 03/07/22
+90-0 (+8.92%)
since 12/15/21
52-Week
635-2 +73.04%
on 04/01/21
1183-6 -7.14%
on 03/07/22
+436-0 (+65.74%)
since 03/15/21

More Spring Wheat Quotes

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Most Recent Stories

More News
Crop Progress Update and RFD-TV Interview Clips

With news out over the weekend that India banned Wheat exports (traded limit up), Beans and Corn joined the bullish momentum. In the end, will US weather take over the headlines for Beans and Corn? Live...

Shootin' the Bull

Fats were a little higher today in the June and August.  Most likely some simple basis convergence. 

Crop Progress

Crop Progress - 2022-05-16

ZSN22 : 1656-4s (+0.61%)
ZSPAUS.CM : 16.2305 (+0.59%)
ZSBAUS.CM : -0.3345 (-1.67%)
ZSDAUS-BIW.CM : N/A (unch)
ZSYAUS-BIW.CM : 47.39 (-0.08%)
XSM22 : 5,356s (+2.45%)
XTN22 : 6,303s (+0.41%)
K1K22 : 7,222.00s (-0.76%)
ZCN22 : 809-4s (+3.62%)
ZCPAUS.CM : 7.9794 (+3.70%)
ZCBAUS.CM : -0.1156 (+1.53%)
XVU22 : 2,992s (+0.07%)
World Wheat, Wars, and Weather

Given ongoing world events and unrelenting weather around the world, global wheat markets have taken center stage of late.

KEN22 : 1352-0s (+5.46%)
MWU22 : 1378-6s (+4.55%)
ZWN22 : 1247-4s (+5.94%)
Havoc: How La Niña is Adding to the Bullish Enthusiasm in "Ag" Commodities

Jim Roemer's video explains how an east-based La Niña is causing havoc for certain crops that trade in futures markets

WEAT : 12.14 (+4.30%)
CORN : 29.98 (+2.29%)
SOYB : 28.04 (+0.61%)
BAL : 91.38 (+2.62%)
JO : 61.69 (+5.45%)
ZWN22 : 1247-4s (+5.94%)
ZCN22 : 809-4s (+3.62%)
ZSN22 : 1656-4s (+0.61%)
ZSX22 : 1512-0s (+0.92%)
CTN22 : 150.65s (+3.75%)
KCN23 : 221.15s (+4.81%)
Soybeans Backing Off From Early Gains

Soybeans have backed off from the early overnight gains by 10-15 cents, but are still up 6 to 10 ½ cents at midday. Product values are mixed as soybean meal is up $2.20/ton, and bean oil backing off 82...

ZSN22 : 1656-4s (+0.61%)
ZSPAUS.CM : 16.2305 (+0.59%)
ZSQ22 : 1607-2s (+0.74%)
ZSX21 : 1234-0s (+1.79%)
ZSPX21US.CM : 12.3270 (+1.90%)
Wheat Posting Limit Gains

The wheat complex is up the limit in several winter wheat front months at midday. CBT contracts are up 63 to 70 cents in the nearby contracts, with KC 67 to the 70 cent limit higher. Deferred contracts...

ZWN22 : 1247-4s (+5.94%)
ZWPAES.CM : 11.8633 (+6.18%)
KEN22 : 1352-0s (+5.46%)
KEPAWS.CM : 13.0232 (+5.52%)
MWN22 : 1385-0s (+4.53%)
Corn Posting Midday Gains

Corn futures are continuing their rally to start the week at midday, with contracts up 13 to 20 ¼ cents on Monday. Strength in wheat via limit gains is lending some support. Export Inspections data from...

ZCN22 : 809-4s (+3.62%)
ZCPAUS.CM : 7.9794 (+3.70%)
ZCU22 : 778-0s (+2.71%)
ZCZ21 : 588-6s (+0.77%)
ZCPZ21US.CM : 5.7930 (-0.49%)
Norther Corn Belt Sidelined By Severe Storms & Soggy Conditions. The Corn & Ethanol Report 05/16/2022

We start off the day with NY Empire State Manufacturing Index (May) at 7:30 A.M., Fed Williams Speech at 7:55 A.M., Export Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction at 10:30 A.M., NOPA...

The May WASDE Takes A Backseat To Europe’s Bread Basket

On May 12, the USDA released the May World Agricultural Supply and Demand Estimates report. Many market participants depend on the information as it is a source of critical fundamental data. The May report...

CORN : 29.98 (+2.29%)
SOYB : 28.04 (+0.61%)
WEAT : 12.14 (+4.30%)
ZSN22 : 1656-4s (+0.61%)
ZCN22 : 809-4s (+3.62%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 1099-2
2nd Resistance Point 1099-2
1st Resistance Point 1099-2
Last Price 1099-2s
1st Support Level 1099-2
2nd Support Level 1099-2
3rd Support Level 1099-2

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52-Week High 1183-6
Last Price 1099-2s
Fibonacci 61.8% 974-2
Fibonacci 50% 909-4
Fibonacci 38.2% 844-6
52-Week Low 635-2

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