Minneapolis Spring Wheat (HRS) Futures (MGEX MW)

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

Contract Overview

$6.7650 / bu -1.38% (-0.0950) Today
Oct 16, 1:30 PM UTC-5
Price performance
Open 6.8600
Day's range 6.7600 – 6.8875
Volume 5.25K
Prev. settlement 6.8600
30-day range 6.7600 – 7.5375
Open interest 46.11K
Bid 6.7600
Ask 6.7825
Expires Dec 14, 2026

MGEX · Delayed 10 min · Updated 1 day ago · Market closed · opens Sun 19:00 CT

Price Performance

December 2026 · MWZ26

Returns

1 week −2.7% −2.7% 1 week −0.1875 from 6.9525 on Oct 9
1 month −10.1% −10.1% 1 month −0.7600 from 7.5250 on Sep 17
3 months −5.7% −5.7% 3 months −0.4075 from 7.1725 on Jul 20
6 months −3.4% −3.4% 6 months −0.2400 from 7.0050 on Apr 17
Year to date +6.8% +6.8% year to date +0.4325 from 6.3325 on Dec 31, 2025
1 year +6.9% +6.9% 1 year +0.4350 from 6.3300 on Oct 15, 2025
  • 52-week high 7.8200 Sep 2 · price 13.5% below
  • 52-week low 6.2125 Dec 17, 2025 · price 8.9% above
  • 20-session high 7.4625 Sep 21 · price 9.3% below
  • 20-session low 6.7650 Oct 16 · 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 8 · 2026/27
  • Sold this season 10.4M t 33% behind last year's pace
  • Shipped so far 7.15M t 69% of sales · 35% 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 8, released Oct 16; the next one is out Oct 22 at 8:30 am ET. Season forecast: WASDE, Oct 2026.

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Commitments of Traders

Tuesday, Oct 13

Net positions

FundsManaged money +9.5K +9.5K net long Managed money · Sold 2.1K on the week · net long for 13 weeks
CommercialsProducers and merchants −19.8K −19.8K net short Producers and merchants · Long 31.8K · short 51.6K · net +2.0K on the week
  • Funds on the week Sold 2.1K Net long for 13 weeks
  • Open interest 73.7K Down 2.9K on the week · 118 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 $6.7650 / bu -0.0950 -1.38%
MWH27 Mar 2027 $6.9375 / bu -0.0975 -1.39%
MWK27 May 2027 $7.0600 / bu -0.0875 -1.22%
MWN27 Jul 2027 $7.1650 / bu -0.0750 -1.04%
MWU27 Sep 2027 $7.1250 / bu -0.0750 -1.04%
MWZ27 Dec 2027 $7.1825 / bu -0.0525 -0.73%
MWH28 Mar 2028 — — 0.00%
MWK28 May 2028 — — 0.00%

News Stories

BarchartBarchart•Oct 17 Wheat Weakness Extends into the Weekend
BarchartBarchart•Oct 16 Corn Froth Is Draining: Is a Value Zone Showing Up?
Farms.comFarms.com•Oct 13 Alberta Harvest Catches Up to Longer-Term Average
BarchartBarchart•Oct 14 Global wheat supply under pressure
BarchartBarchart•Oct 13 Cattle Hit a Decision Point: Full Grain and Livestock Recap
BarchartBarchart•Oct 14 Wheat Faces Modest Tuesday Weakness, with Export Drag Continuing
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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 · Oct 16
No report

Strongest Montana −73¢ · weakest North Dakota −77¢

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

Crop Progress

Farmbucks members get this week's crop progress and condition for every state on the map, with each state's own report. 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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