Chicago Wheat (SRW) Futures (CBOT ZW)

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

Contract Overview

665.50 ¢/bu -0.67% (-4.50) Today
Oct 16, 1:23 AM UTC-5
Price performance
Open 669.50
Day's range 665.25 – 670.25
Volume 2.75K
Prev. settlement 670.00
30-day range 661.50 – 736.00
Open interest 241.55K
Bid 665.25
Ask 665.75
Expires Dec 14, 2026

CBOT · Delayed 10 min · Updated 17 min ago · Market open · closes 07:45 CT

Price Performance

December 2026 · ZWZ26

Returns

1 week −0.8% −0.8% 1 week −5.50 from 671.00 on Oct 9
1 month −8.5% −8.5% 1 month −61.50 from 727.00 on Sep 17
3 months −3.8% −3.8% 3 months −26.00 from 691.50 on Jul 20
6 months +5.6% +5.6% 6 months +35.25 from 630.25 on Apr 17
Year to date +17.8% +17.8% year to date +100.75 from 564.75 on Dec 31, 2025
1 year +16.3% +16.3% 1 year +93.25 from 572.25 on Oct 15, 2025
  • 52-week high 784.00 Aug 28 · price 15.1% below
  • 52-week low 559.50 Dec 17, 2025 · price 18.9% above
  • 20-session high 726.75 Sep 21 · price 8.4% below
  • 20-session low 669.25 Oct 13 · price 0.6% below
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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 1 · 2026/27
  • Sold this season 10.1M t 32% behind last year's pace
  • Shipped so far 6.82M t 67% of sales · 33% 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 1, released Oct 8; 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 1 until it lands.

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Commitments of Traders

Tuesday, Oct 6

Net positions

FundsManaged money −29.5K −29.5K net short Managed money · Sold 7.9K on the week · most net short since Aug 11, 2026
CommercialsProducers and merchants −47.8K −47.8K net short Producers and merchants · Long 91.6K · short 139K · net +3.6K on the week
  • Funds on the week Sold 7.9K Most net short since Aug 11, 2026
  • Open interest 598K Up 24.5K on the week · 440 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 665.50 ¢/bu -4.50 -0.67%
ZWH27 Mar 2027 680.00 ¢/bu -4.25 -0.62%
ZWK27 May 2027 686.00 ¢/bu -4.00 -0.58%
ZWN27 Jul 2027 686.50 ¢/bu -3.75 -0.54%
ZWU27 Sep 2027 692.25 ¢/bu -3.00 -0.43%
ZWZ27 Dec 2027 704.75 ¢/bu -0.25 -0.04%
ZWH28 Mar 2028 711.25 ¢/bu 0.00 0.00%
ZWK28 May 2028 710.25 ¢/bu 0.00 0.00%
ZWN28 Jul 2028 688.75 ¢/bu -3.25 -0.47%
ZWU28 Sep 2028 696.75 ¢/bu 0.00 0.00%
ZWZ28 Dec 2028 708.50 ¢/bu 0.00 0.00%
ZWH29 Mar 2029 713.50 ¢/bu 0.00 0.00%
ZWK29 May 2029 704.00 ¢/bu 0.00 0.00%
ZWN29 Jul 2029 688.25 ¢/bu 0.00 0.00%

News Stories

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
Successful FarmingSuccessful Farming•Oct 13 Grains End the Day in the Red | Tuesday, Oct. 13, 2026
BarchartBarchart•Oct 13 MAR KANSAS CITY-CHICAGO WHEAT SPREAD (KEH27-ZWH27) – UPDATE
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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 · Oct 15
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.

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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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