Config.
Marché
Rapport
Unité

COT Soft Red Winter Wheat (SRW, CBOT)

Période
Échelle

As-of mardi · close vendredi · source CFTC

Long vs Short

Long et short en % d’OI (catégorie focus)

Δ 4 semaines

Variation du net vs le rapport d’il y a 4 semaines

Cette semaine

Catégorie Long Short Spreading Net Δ Long Δ Short Δ Net % OI long % OI short

Historique

Grains · CBOT

What is CBOT Soft Red Winter (SRW) wheat?

Chicago SRW wheat

A long means…

Exposure to a rise in deliverable Soft Red Winter wheat at Chicago — not Kansas HRW, not Minneapolis spring.

What is this?

Chicago wheat is Soft Red Winter: the East and Mississippi crop, about 15–20% of US wheat, flour for cookies, crackers and cakes — not Hard Red Winter from the Plains (Kansas), and not Minneapolis spring. The CBOT future delivers by shipping certificate from Chicago, Toledo, the Ohio and the Mississippi. At par, No. 2 SRW, but also No. 2 HRW and spring: the market remains river soft wheat, often the cheapest US class.

Elevators and exporters hedge the grain; millers hedge the cost of pastry flour.

Pitfalls

  • SRW ≠ HRW ≠ spring: three CFTC codes.
  • ZW / 001602 only.
  • Do not overlay KE prices on this page.

Univers LIX

Le positionnement n’est pas le risque

Le COT décrit qui est positionné. Le LIX décrit le niveau de risque de marché — 12 indicateurs, hors COT.