Chicago Wheat (SRW) Futures (CBOT ZW)

Chicago Board of Trade · July 2027 contract · Priced in U.S. cents per bushel

Contract Overview

712.00 ¢/bu 0.00% (0.00) Today
Sep 29, 11:39 AM UTC-5
Price performance
Open 710.25
Day's range 704.75 – 713.00
Volume 4.67K
Prev. settlement 712.00
30-day range 707.25 – 805.00
Open interest 54.49K
Bid 711.50
Ask 712.00
Expires Jul 14, 2027

CBOT · Delayed 10 min · Updated 31 min ago · Market open · closes 13:20 CT

Price Performance

July 2027 · ZWN27

Returns

1 week −3.8% −3.8% 1 week −28.00 from 740.00 on Sep 22
1 month −10.1% −10.1% 1 month −80.25 from 792.25 on Aug 28
3 months +12.7% +12.7% 3 months +80.00 from 632.00 on Jun 30
6 months +8.6% +8.6% 6 months +56.25 from 655.75 on Mar 30
Year to date +20.6% +20.6% year to date +121.75 from 590.25 on Dec 31, 2025
1 year +17.7% +17.7% 1 year +107.25 from 604.75 on Sep 26, 2025
  • 52-week high 794.75 Sep 1 · price 10.4% below
  • 52-week low 584.75 Dec 16, 2025 · price 21.8% above
  • 20-session high 794.75 Sep 1 · price 10.4% below
  • 20-session low 712.00 Sep 28 · price is here
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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

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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 −13.1K −13.1K net short Managed money · Sold 8.4K on the week · most net short since Aug 25, 2026
CommercialsProducers and merchants −63.0K −63.0K net short Producers and merchants · Long 79.5K · short 142K · net +5.2K on the week
  • Funds on the week Sold 8.4K Most net short since Aug 25, 2026
  • Open interest 595K Down 7.7K on the week · 443 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 691.00 ¢/bu +2.25 +0.33%
ZWH27 Mar 2027 705.25 ¢/bu +1.75 +0.25%
ZWK27 May 2027 712.00 ¢/bu +1.25 +0.18%
ZWN27 Jul 2027 712.00 ¢/bu 0.00 0.00%
ZWU27 Sep 2027 717.25 ¢/bu -0.75 -0.10%
ZWZ27 Dec 2027 726.75 ¢/bu -2.00 -0.27%
ZWH28 Mar 2028 735.75 ¢/bu 0.00 0.00%
ZWK28 May 2028 734.75 ¢/bu 0.00 0.00%
ZWN28 Jul 2028 717.25 ¢/bu 0.00 0.00%
ZWU28 Sep 2028 722.25 ¢/bu 0.00 0.00%
ZWZ28 Dec 2028 733.25 ¢/bu 0.00 0.00%
ZWH29 Mar 2029 738.25 ¢/bu 0.00 0.00%
ZWK29 May 2029 728.75 ¢/bu 0.00 0.00%
ZWN29 Jul 2029 695.00 ¢/bu 0.00 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 July 2027 · ZWN27
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 · Sep 28
No report

Strongest Virginia +18¢ · 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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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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