Minneapolis Spring Wheat (HRS) Futures (MGEX MW)

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

Contract Overview

$7.3275 / bu -0.75% (-0.0550) Today
Sep 29, 9:32 AM UTC-5
Price performance
Open 7.3575
Day's range 7.2900 – 7.3575
Volume 49
Prev. settlement 7.3825
30-day range 7.3525 – 8.0500
Open interest 515
Bid 7.2900
Ask 7.3650
Expires Dec 14, 2027

MGEX · Delayed 10 min · Updated 2 hr ago · Market open · closes 13:20 CT

Price Performance

December 2027 · MWZ27

Returns

1 week −3.9% −3.9% 1 week −0.3000 from 7.6275 on Sep 22
1 month −7.1% −7.1% 1 month −0.5575 from 7.8850 on Aug 28
3 months +5.4% +5.4% 3 months +0.3775 from 6.9500 on Jun 30
  • High since Jun 2 8.0525 Sep 2 · price 9.0% below
  • Low since Jun 2 6.8725 Jun 3 · price 6.6% above
  • 20-session high 8.0525 Sep 2 · price 9.0% below
  • 20-session low 7.3825 Sep 28 · price 0.7% below
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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.

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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.

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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
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Contract Specifications

Contract December 2027 · MWZ27
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.

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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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