← All markets

Wheat (SRW)

WHEAT-SRW · CHICAGO BOARD OF TRADE · CFTC code 001602 · week ending 2026-08-11

Trader category
Range

Managed Money is net short 7.0% of open interest — elevated

Managed Money holds a net position of −33,400 contracts, or 7.0% of the 475,566 contracts of open interest, leaving the category net short. That is meaningfully above its three-year average, though short of an extreme (z = +1.29 and sits at 70 on a 0–100 scale of its three-year range). In contracts, the net position moved −8,530 while open interest moved +9,243 — new shorts entering, with fresh money taking the short side as open interest grew. That is −1.69pp as a share of open interest.

Net position as a share of open interest

Managed Money · blue above the line is net long, red below is net short

Open interest

The denominator. Positioning shares mean little without knowing whether the market itself is growing or shrinking.

Z-score vs its own 3-year history

Shaded beyond ±2σ. Measures how unusual today's share is for this market.

COT Index (0–100)

Rank within the 3-year range. Shaded below 10 and above 90.

Weekly flow, adjusted for open interest

Change in the net share week over week, in percentage points of open interest.

Who is on the other side

Net share of open interest by trader group. The groups net to zero — every long is someone's short.

Producer / Merchant Swap Dealer Managed Money Other Reportable Non-Reportable
Recent weeks (table view)
Week Open interest Net Net % OI Δ pp Z COT Idx
2026-08-11 475,566 −33,400 -7.02% -1.69 1.29 70
2026-08-04 466,323 −24,870 -5.33% -3.57 1.57 75
2026-07-28 463,502 −8,163 -1.76% 2.28 2.14 86
2026-07-21 455,433 −18,399 -4.04% 4.09 1.83 79
2026-07-14 429,298 −34,887 -8.13% 6.52 1.22 67
2026-07-07 412,570 −60,432 -14.65% 1.96 0.21 47
2026-06-30 406,723 −67,561 -16.61% -0.17 -0.10 41
2026-06-23 428,305 −70,433 -16.44% -0.93 -0.07 42
2026-06-16 444,641 −68,968 -15.51% 1.57 0.08 44
2026-06-09 454,377 −77,593 -17.08% -5.75 -0.15 40
2026-06-02 482,332 −54,640 -11.33% -8.00 0.75 58
2026-05-26 485,691 −16,154 -3.33% -2.68 1.97 82