Minneapolis Spring Wheat (HRS) Futures (MGEX MW)

MIAX Futures (formerly MGEX) · March 2027 contract · Priced in U.S. dollars per bushel

Contract Overview

$7.1925 / bu -0.48% (-0.0350) Today
Sep 29, 12:00 PM UTC-5
Price performance
Open 7.2275
Day's range 7.1775 – 7.2500
Volume 1.22K
Prev. settlement 7.2275
30-day range 7.2225 – 8.1075
Open interest 15.96K
Bid 7.1925
Ask 7.1975
Expires Mar 12, 2027

MGEX · Delayed 10 min · Updated 10 min ago · Market open · closes 13:20 CT

Price Performance

March 2027 · MWH27

Returns

1 week −5.1% −5.1% 1 week −0.3850 from 7.5775 on Sep 22
1 month −8.7% −8.7% 1 month −0.6850 from 7.8775 on Aug 28
3 months +10.2% +10.2% 3 months +0.6650 from 6.5275 on Jun 30
6 months +2.8% +2.8% 6 months +0.1925 from 7.0000 on Mar 30
Year to date +11.3% +11.3% year to date +0.7325 from 6.4600 on Dec 31, 2025
  • High since Oct 10, 2025 7.9950 Sep 2 · price 10.0% below
  • Low since Oct 10, 2025 6.3450 Dec 17, 2025 · price 13.4% above
  • 20-session high 7.9950 Sep 2 · price 10.0% below
  • 20-session low 7.2275 Sep 28 · price 0.5% below
Show more

Exports

Week ending Sep 17 · 2026/27
  • Sold this season 9.37M t 31% behind last year's pace
  • Shipped so far 6.29M t 67% of sales · 30% 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 Sep 17, released Sep 24; the next one is out Oct 1 at 8:30 am ET. Season forecast: WASDE, Sep 2026.

Show more

Commitments of Traders

Tuesday, Sep 22

Net positions

FundsManaged money +21.4K +21.4K net long Managed money · Sold 823 on the week · net long for 10 weeks
CommercialsProducers and merchants −32.2K −32.2K net short Producers and merchants · Long 32.3K · short 64.6K · net −1.2K on the week
  • Funds on the week Sold 823 Net long for 10 weeks
  • Open interest 81.9K Up 1.5K on the week · 121 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.

Show more

Futures chain

MWZ26 Dec 2026 $6.9825 / bu -0.0350 -0.50%
MWH27 Mar 2027 $7.1925 / bu -0.0350 -0.48%
MWK27 May 2027 $7.3175 / bu -0.0400 -0.54%
MWN27 Jul 2027 $7.3800 / bu -0.0300 -0.40%
MWU27 Sep 2027 $7.3200 / bu -0.0300 -0.41%
MWZ27 Dec 2027 $7.3275 / bu -0.0550 -0.75%
MWH28 Mar 2028 — — 0.00%
MWK28 May 2028 — — 0.00%

News Stories

Brownfield Ag NewsBrownfield Ag News•Sep 29 Fair, seasonal weather covers most of the eastern Corn Belt; beneficial showers expand on much of the Plains
World Grain•Sep 29 US-China tariff cuts exclude soybeans
BarchartBarchart•Sep 29 Corn, Wheat, and Soybean Prices Face a Wet Blanket as Heavy Rains Disrupt Crops
BarchartBarchart•Sep 29 Wheat Weakness Continuing on Tuesday Morning
BarchartBarchart•Sep 29 Wheat Posts Monday Losses
Brownfield Ag NewsBrownfield Ag News•Sep 28 Soybeans dive as China keeps import tariff in place
Show more

Contract Specifications

Contract March 2027 · MWH27
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 · Sep 28
No report

Strongest North Dakota −75¢ · weakest Montana −82¢

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

Farmbucks members get each state's basis on the map, every state's regions and the terminal markets. 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.

Questions or Feedback: For any additional information, questions, or feedback, please visit our Contact Us page. We're here to help.