Chicago Wheat (SRW) Futures Pricing

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

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.

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 · +14.50
Old vs new cropDec 2026 → Jul 2027: Carry · +22.00

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 241,549 660.25 ¢/bu -9.75 -1.46%

ZWH27 Mar 2027 OI 130,488 674.75 ¢/bu -9.50 -1.39%

ZWK27 May 2027 OI 43,610 681.00 ¢/bu -9.00 -1.30%

ZWN27 Jul 2027 OI 62,191 682.25 ¢/bu -8.00 -1.16%

ZWU27 Sep 2027 OI 11,585 688.75 ¢/bu -6.50 -0.93%

ZWZ27 Dec 2027 OI 13,515 699.50 ¢/bu -5.50 -0.78%

ZWH28 Mar 2028 OI 1,131 709.25 ¢/bu -2.00 -0.28%

ZWK28 May 2028 OI 227 707.00 ¢/bu -3.25 -0.46%

ZWN28 Jul 2028 OI 792 687.75 ¢/bu -4.25 -0.61%

ZWU28 Sep 2028 OI 49 694.25 ¢/bu -2.50 -0.36%

ZWZ28 Dec 2028 OI 637 708.50 ¢/bu 0.00 0.00%

ZWH29 Mar 2029 OI 3 713.50 ¢/bu 0.00 0.00%

ZWK29 May 2029 OI 2 704.00 ¢/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 6

Managed moneySold 7.9K on the week · most net short since Aug 11, 2026: −29.5K
Producers and merchantsLong 91.6K · short 139K · net +3.6K on the week: −47.8K
Open interest Up 24.5K on the week · 440 traders: 598K

CFTC Commitments of Traders (disaggregated), CBOT Chicago wheat futures and options combined: positions as of Tuesday, Oct 6, published Friday, Oct 9; the next report (Oct 13 positions) is out today 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.