Chicago Wheat (SRW) Futures Pricing

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

Cash Basis

USDA · Oct 16

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.

Every state's basis, its regions and the terminal markets are for Farmbucks members. See what's included

Storage Signal

Latest trades

Dec → Mar: Carry · +15.00
Old vs new cropDec 2026 → Jul 2027: Carry · +23.75

Carry (+) means later months trade above the nearby: the market is paying toward storage. Inverted (−) means the nearby trades above later months. Not trading advice.

Futures Chain

14 contracts

ZWZ26 Dec 2026 OI 246,446 654.75 ¢/bu -5.75 -0.87%

ZWH27 Mar 2027 OI 133,371 669.75 ¢/bu -5.25 -0.78%

ZWK27 May 2027 OI 43,310 676.50 ¢/bu -5.00 -0.73%

ZWN27 Jul 2027 OI 62,874 678.50 ¢/bu -4.75 -0.70%

ZWU27 Sep 2027 OI 11,142 684.75 ¢/bu -4.50 -0.65%

ZWZ27 Dec 2027 OI 13,485 695.75 ¢/bu -4.00 -0.57%

ZWH28 Mar 2028 OI 1,159 704.50 ¢/bu -2.75 -0.39%

ZWK28 May 2028 OI 237 707.25 ¢/bu 0.00 0.00%

ZWN28 Jul 2028 OI 796 690.25 ¢/bu 0.00 0.00%

ZWU28 Sep 2028 OI 42 695.25 ¢/bu 0.00 0.00%

ZWZ28 Dec 2028 OI 637 706.50 ¢/bu 0.00 0.00%

ZWH29 Mar 2029 OI 3 711.75 ¢/bu 0.00 0.00%

ZWK29 May 2029 OI 2 702.25 ¢/bu 0.00 0.00%

ZWN29 Jul 2029 OI 5 688.25 ¢/bu 0.00 0.00%

Open interest (OI) is how many contracts are still open in each month.

Commitments of Traders

Tuesday, Oct 13

Managed moneySold 3.5K on the week · most net short since Jul 14, 2026: −33.0K
Producers and merchantsLong 97.4K · short 141K · net +3.6K on the week: −44.1K
Open interest Up 11.1K on the week · 436 traders: 609K

CFTC Commitments of Traders (disaggregated), CBOT Chicago wheat futures and options combined: positions as of Tuesday, Oct 13, published Friday, Oct 16; the next report (Oct 20 positions) is out Friday, Oct 23 at 3:30 pm ET. Net is longs less shorts, in contracts of 5,000 bushels.

Two years of fund positioning, the three-year range and every trader group are for Farmbucks members. See what's included

More for members

Every state's cash basisThe typical basis and range in each of 9 states, each state's regions, and the terminal markets
The full Commitments of TradersTwo years of fund positioning, charted, its three-year range, and every trader group

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About

Cash Basis. USDA Agricultural Marketing Service, Market News, Daily Grain Bids: what country elevators, terminals and processors bid in each state, against December futures, published weekday afternoons.

Storage Signal. Worked out from the futures themselves: the front month against the next, and old crop against new while the front month is old crop, at the latest trades while the market is open, else at the last settle.

Futures Chain. Every CBOT contract month now trading, with its last price, the day’s change and its open interest.

Commitments of Traders. U.S. Commodity Futures Trading Commission, Commitments of Traders (disaggregated): the open positions of each kind of large trader as of Tuesday’s close, published Fridays at 3:30 pm ET (the following Monday in a holiday week).

Market Data: Futures price data on Farmbucks is provided by DTN, CME Group, and ICE. Cash basis is from USDA AMS daily grain bid reports; positioning is from the CFTC's Commitments of Traders; the natural gas outlook and storage are from the U.S. Energy Information Administration. This data is for informational purposes only, may be subject to delays or inaccuracies, and is not trading advice. Please consult official sources or your broker for trading decisions.