Chicago Wheat (SRW) Futures (CBOT ZW)

Chicago Board of Trade · December 2026 contract · Priced in U.S. cents per bushel

Contract Overview

600.00 ¢/bu +0.25% (+1.50) Today
Nov 5, 12:28 AM UTC-6
Price performance
Open 599.25
Day's range 598.75 – 602.75
Volume 3.57K
Prev. settlement 598.50
30-day range 591.00 – 706.50
Open interest 223.08K
Bid 599.75
Ask 600.00
Expires Dec 14, 2026

CBOT · Delayed 10 min · Updated 21 min ago · Market open · closes 07:45 CT

Price Performance

December 2026 · ZWZ26

Returns

1 week −0.6% −0.6% 1 week −3.75 from 603.75 on Oct 29
1 month −12.6% −12.6% 1 month −86.50 from 686.50 on Oct 7
3 months −8.8% −8.8% 3 months −58.25 from 658.25 on Aug 7
6 months −7.4% −7.4% 6 months −48.25 from 648.25 on May 7
Year to date +6.2% +6.2% year to date +35.25 from 564.75 on Dec 31, 2025
1 year −1.4% −1.4% 1 year −8.75 from 608.75 on Nov 4, 2025
  • 52-week high 784.00 Aug 28 · price 23.5% below
  • 52-week low 559.50 Dec 17, 2025 · price 7.2% above
  • 20-session high 683.25 Oct 8 · price 12.2% below
  • 20-session low 598.50 Nov 4 · price 0.3% above
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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 22 · 2026/27
  • Sold this season 11.5M t 29% behind last year's pace
  • Shipped so far 7.65M t 66% of sales · 37% 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 22, released Oct 29; the next one is out today at 8:30 am ET. Season forecast: WASDE, Oct 2026. Export Sales is out today at 8:30 am ET; showing the week ending Oct 22 until it lands.

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Commitments of Traders

Tuesday, Oct 27

Net positions

FundsManaged money −74.9K −74.9K net short Managed money · Sold 23.7K on the week · most net short since Jun 9, 2026
CommercialsProducers and merchants −7.5K −7.5K net short Producers and merchants · Long 112K · short 120K · net +18.2K on the week
  • Funds on the week Sold 23.7K Most net short since Jun 9, 2026
  • Open interest 629K Down 9.1K on the week · 419 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

ZWZ26 Dec 2026 600.00 ¢/bu +1.50 +0.25%
ZWH27 Mar 2027 611.00 ¢/bu +1.50 +0.25%
ZWK27 May 2027 616.25 ¢/bu +1.25 +0.20%
ZWN27 Jul 2027 620.75 ¢/bu +0.50 +0.08%
ZWU27 Sep 2027 633.25 ¢/bu +1.25 +0.20%
ZWZ27 Dec 2027 649.50 ¢/bu +1.25 +0.19%
ZWH28 Mar 2028 664.25 ¢/bu +2.25 +0.34%
ZWK28 May 2028 666.75 ¢/bu 0.00 0.00%
ZWN28 Jul 2028 657.25 ¢/bu 0.00 0.00%
ZWU28 Sep 2028 663.00 ¢/bu 0.00 0.00%
ZWZ28 Dec 2028 676.00 ¢/bu 0.00 0.00%
ZWH29 Mar 2029 682.75 ¢/bu 0.00 0.00%
ZWK29 May 2029 673.75 ¢/bu 0.00 0.00%
ZWN29 Jul 2029 663.75 ¢/bu 0.00 0.00%

News Stories

BarchartBarchart•Nov 04 Wheat Fails to Hold onto Midday Gains
BarchartBarchart•Nov 04 Wheat Posting Modest Midweek Gains
BarchartBarchart•Nov 04 Timing Is Everything
The Sizov ReportThe Sizov Report•Nov 04 Russian Wheat Exports Near 3 Mmt in October
World Grain•Nov 04 Record grain ending stocks forecast in Ukraine
BarchartBarchart•Nov 04 Wheat Holding on the Higher Side on Wednesday Morning
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Contract Specifications

Contract December 2026 · ZWZ26
Exchange Chicago Board of Trade · ZW
Contract size 5,000 bushels
Tick size ¼¢ per bushel · $12.50 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
Settlement Physical delivery

Cash Basis

USDA · Nov 4
No report

Strongest Virginia +60¢ · weakest Ohio −90¢

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

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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