Minneapolis Spring Wheat (HRS) Futures (MGEX MW)

MIAX Futures (formerly MGEX) · December 2026 contract · Priced in U.S. dollars per bushel

Contract Overview

$6.1600 / bu -0.65% (-0.0400) Today
Nov 6, 1:23 PM UTC-6
Price performance
Open 6.2000
Day's range 6.1225 – 6.2000
Volume 7.29K
Prev. settlement 6.2000
30-day range 6.1225 – 7.1400
Open interest 37.43K
Bid 6.1400
Ask 6.1750
Expires Dec 14, 2026

MGEX · Delayed 10 min · Updated 18 hr ago · Market closed · opens Sun 19:00 CT

Price Performance

December 2026 · MWZ26

Returns

1 week −1.6% −1.6% 1 week −0.0975 from 6.2575 on Nov 2
1 month −11.4% −11.4% 1 month −0.7925 from 6.9525 on Oct 9
3 months −10.0% −10.0% 3 months −0.6850 from 6.8450 on Aug 11
6 months −15.3% −15.3% 6 months −1.1150 from 7.2750 on May 11
Year to date −2.7% −2.7% year to date −0.1725 from 6.3325 on Dec 31, 2025
1 year −2.3% −2.3% 1 year −0.1450 from 6.3050 on Nov 6, 2025
  • 52-week high 7.8200 Sep 2 · price 21.2% below
  • 52-week low 6.1600 Nov 6 · price is here
  • 20-session high 6.9625 Oct 12 · price 11.5% below
  • 20-session low 6.1600 Nov 6 · price is here
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Balance Sheet

WASDE · Oct 9, 2026 · 2026/27 forecast
  • Ending stocks 740M bu From 717M bu in Sep
  • Stocks-to-use 39.8% The tightest since 2023/24

Farmbucks members get what moved in this month's WASDE, the crop and the price. Get Started for Free

USDA World Agricultural Supply and Demand Estimates for October 2026, released Oct 9: the U.S. all wheat balance sheet. Changes are against the September report.

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Exports

Week ending Oct 29 · 2026/27
  • Sold this season 12.1M t 28% behind last year's pace
  • Shipped so far 7.8M t 65% of sales · 38% of USDA's forecast

Farmbucks members get the season's top buyers and the week's sales and shipments. Get Started for Free

USDA Export Sales Report for the week ending Oct 29, released Nov 5; the next one is out Nov 13 at 8:30 am ET. Season forecast: WASDE, Oct 2026.

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Commitments of Traders

Tuesday, Nov 3

Net positions

FundsManaged money −9.7K −9.7K net short Managed money · Sold 6.0K on the week · most net short since Feb 24, 2026
CommercialsProducers and merchants +963 +963 net long Producers and merchants · Long 39.8K · short 38.9K · net +5.3K on the week
  • Funds on the week Sold 6.0K Most net short since Feb 24, 2026
  • Open interest 82.7K Up 2.4K on the week · 120 traders

Funds are hedge funds and other money managers (managed money). Commercials are the hedgers: farmers, elevators, processors and exporters (producers and merchants). Net is longs less shorts, in contracts of 5,000 bushels, as of Tuesday’s close.

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Futures chain

MWZ26 Dec 2026 $6.1600 / bu -0.0400 -0.65%
MWH27 Mar 2027 $6.3025 / bu -0.0725 -1.14%
MWK27 May 2027 $6.4100 / bu -0.0750 -1.16%
MWN27 Jul 2027 $6.5125 / bu -0.0775 -1.18%
MWU27 Sep 2027 $6.6075 / bu -0.0675 -1.01%
MWZ27 Dec 2027 $6.7700 / bu -0.0675 -0.99%
MWH28 Mar 2028 — — 0.00%
MWK28 May 2028 $7.1325 / bu 0.0000 0.00%

News Stories

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BarchartBarchart•Nov 06 Grain Spreads: Mid Term Reaction/2027 Outlook
AgDaily•Nov 06 Crop insurance prices rise in 2026, but farmers still face tight margins
AgWeek•Nov 06 Politics at play in this week's grain market volatility
BarchartBarchart•Nov 06 Wheat Facing Friday Weakness on Black Sea Pressure
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Contract Specifications

Contract December 2026 · MWZ26
Exchange MIAX Futures (formerly MGEX) · MW
Contract size 5,000 bushels
Tick size $0.00025 per bushel · $1.25 per contract
Value of a 1¢ move $50 per contract
Contract months Mar, May, Jul, Sep, Dec (H, K, N, U, Z)
Trading hours 7:00 pm – 7:45 am and 8:30 am – 1:20 pm CT, Sun–Fri

Cash Basis

USDA · Nov 6
No report

Strongest Montana −55¢ · weakest South Dakota −66¢

USDA country-elevator bids against December futures, in cents per bushel; the legend runs from the weakest basis to the strongest.

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Stocks & Acreage

Farmbucks members get USDA's grain stocks and planted area for every state on the map, with each state's change from a year ago. Get Started for Free

Drought Monitor

Farmbucks members get this week's Drought Monitor for every state on the map, with each state's share in drought. Get Started for Free

DISCLAIMER: The grain price information provided on Farmbucks.com is for informational purposes only and is subject to change at any time. Prices are sourced from participating grain companies, verified farmer reports and our trusted partners such as Barchart and DTN. While we work to ensure accuracy, discrepancies may occur between the prices listed on this website and those provided by grain buyers. Users are responsible for contacting the purchaser directly to confirm current prices and selling instructions. Farmbucks does not guarantee the accuracy, completeness, or timeliness of the prices displayed and assumes no liability for decisions made based on this information.

Futures Market Data: Futures price data on Farmbucks is provided by DTN, CME Group, and ICE. This data is for informational purposes only and may be subject to delays or inaccuracies. Please consult official exchange sources or your broker for trading decisions.

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