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Spring Wheat Dec '21 (MWZ21)

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Spring Wheat Futures Market News and Commentary

Wheat Markets Close Mixed on Afternoon Fade

Wheat markets ended the Friday session mixed. CBT SRW futures closed with 2 3/4 to 6 1/4 cent gains. December rallied 15 cents from Friday to Friday. KC wheat futures faded back from their midday gains to close fractionally to 1 3/4 cents in the red. From Friday to Friday Dec HRW was still 6 3/4 cents higher. Spring wheat futures ended the last trade day of the week with 2 1/2 to 4 1/2 cent gains. 

Wheat stocks are estimated at 1.855 bbu ahead of the September Grain Stocks report. If realized that would be down 303 mbu yr/yr. September 30th will also bring wheat production figures, with the trade looking for a 14.6 mbu cut. Other Spring is expected to be reduced 12.4 mbu on average to 331 mbu. 

Canadian spring wheat harvest in Saskatchewan reached 94% through 9/23. That is well ahead of their 63% average pace reflecting the dry conditions. Ukraine’s Ag Ministry saw 18.3% of winter wheat planted as 9/23. Russia’s Ag Ministry indicated next week’s wheat export tax would be... 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
$3,315/2,550
First Notice Date
11/30/21 (66 days)
Expiration Date
12/14/21 (80 days)

Seasonal Chart

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

Commitment of Traders Positions as of Sep 21, 2021

View Chart Details
Commercials - Long / Short
27,500 (-61)
54,325 (-14)
Non-Commercials - Long / Short
24,559 (+583)
3,362 (-70)
Producers - Long / Short
24,545 (-298)
52,735 (+4)
Swap Dealers - Long / Short
2,624 (+237)
1,259 (-18)
Managed Money - Long / Short
12,921 (-333)
335 (-75)
Other Reportables - Long / Short
11,638 (+916)
3,027 (+5)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
861-4 +6.33%
on 09/10/21
927-0 -1.19%
on 08/30/21
+5-2 (+0.58%)
since 08/24/21
3-Month
771-6 +18.69%
on 07/06/21
937-4 -2.29%
on 08/13/21
+117-4 (+14.72%)
since 06/24/21
52-Week
572-0 +60.14%
on 09/29/20
937-4 -2.29%
on 08/13/21
+337-4 (+58.34%)
since 09/24/20

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Most Recent Stories

More News
Markets rebound after China fears ease

Cattle on feed higher than expected. USDA Grain Stocks reports on Thursday

Soybeans Firm on Friday

Front month soybean futures ended the Friday session fractionally mixed. From the week’s open, November soybeans were unchanged, while the November to November spread tightened by 14 3/4 cents to a 30...

ZSX21 : 1285-0s (unch)
ZSPAUS.CM : 12.4162 (+0.05%)
ZSF22 : 1294-6s (unch)
ZSX21 : 1285-0s (unch)
Wheat Markets Close Mixed on Afternoon Fade

Wheat markets ended the Friday session mixed. CBT SRW futures closed with 2 3/4 to 6 1/4 cent gains. December rallied 15 cents from Friday to Friday. KC wheat futures faded back from their midday gains...

ZWZ21 : 723-6s (+0.84%)
ZWPAES.CM : 6.6697 (+0.86%)
KEZ21 : 719-6s (unch)
KEPAWS.CM : 6.9331 (-0.01%)
MWZ21 : 916-0s (+0.49%)
Corn Market Weakens into Weekend

On Friday, corn prices worked lower to close 2 to 2 1/2 cents in the red. New crop futures were firmer with Red dec only giving back 3/4 cents while Sept gained 1 1/4 cents. For the week December corn...

ZCZ21 : 526-6s (-0.47%)
ZCPAUS.CM : 5.0977 (-0.55%)
ZCH22 : 534-4s (-0.47%)
ZCZ21 : 526-6s (-0.47%)
Shootin' The Bull

Live Cattle and Feeder Cattle Markets will have their challenges in next week's trade. The Cattle on Feed report was slightly bearish and open interest in the complex has been decreasing.

Livestock Report

Markets wait for Reports

Top Farmer Closing Commentary 9-24-21

TFM Cash+ 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/...

Oats Dec 2021

And higher they went!

Corn Fading through Midday

Nearby corn futures are weaker at midday, giving back 1 1/2 to 3 1/4 cents so far. Prices had bounced back on Wednesday and Thursday, though December is back to red for the week on Friday. The International...

ZCZ21 : 526-6s (-0.47%)
ZCPAUS.CM : 5.0977 (-0.55%)
ZCH22 : 534-4s (-0.47%)
ZCZ21 : 526-6s (-0.47%)
Beans Firm but Red so far

Soy futures are mixed to mostly lower on Friday. Beans are showing fractional to 2 cent losses through midday. Meal prices are down so far, with losses of $1.70 to $2.60/ton. Front month BO futures are...

ZSX21 : 1285-0s (unch)
ZSPAUS.CM : 12.4162 (+0.05%)
ZSF22 : 1294-6s (unch)
ZSX21 : 1285-0s (unch)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 935-5
2nd Resistance Point 927-7
1st Resistance Point 921-7
Last Price 916-0s
1st Support Level 908-1
2nd Support Level 900-3
3rd Support Level 894-3

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52-Week High 937-4
Last Price 916-0s
Fibonacci 61.8% 797-7
Fibonacci 50% 754-6
Fibonacci 38.2% 711-5
52-Week Low 572-0

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