Wheat SRW (CBOT)
Wheat (Chicago SRW) positioning
Price series: Wheat futures (front month) · positions as of Tuesday Nov 3, 2026, published Friday Nov 6, 2026
This week · published Nov 6, 2026
Wheat (Chicago SRW), week of Nov 3, 2026: Managed money sit at the 27th percentile of their 3-year range. They cut 12,520 net long contracts on the week. 8-week signal: convergence — healthy downtrend.
Signal log — Managed money
Every past signal in this market, and what price did afterwards.
Every rolling 8-week window classified as a bullish or bearish divergence, or as convergence where price and positioning agree. Price change is in percent; net change is in contracts.
Each row covers one stretch of weekly reports: the % is the price change over that stretch, the net figure is the change in the group's net position, in contracts.
- Convergence — healthy downtrendAug 18, 2026 → Nov 3, 2026price -12.1% · net position -61,798 contracts
- Convergence — healthy uptrendJun 2, 2026 → Sep 15, 2026price +23.1% · net position +50,966 contracts
- Bearish divergenceMay 19, 2026 → Jul 14, 2026price +5.6% · net position -31,798 contracts
- Convergence — healthy downtrendApr 28, 2026 → Jun 30, 2026price -5.4% · net position -79,286 contracts
- Bearish divergenceMar 17, 2026 → Jun 2, 2026price -2.6% · net position -42,766 contracts
- Bullish divergenceMar 10, 2026 → May 5, 2026price -1.8% · net position +12,213 contracts
- Convergence — healthy uptrendDec 23, 2025 → Apr 28, 2026price +20.3% · net position +109,899 contracts
- Bearish divergenceDec 16, 2025 → Feb 10, 2026price +7.7% · net position -13,753 contracts
- Convergence — healthy downtrendOct 28, 2025 → Jan 13, 2026price -3.0% · net position -34,916 contracts
- Convergence — healthy uptrendSep 2, 2025 → Dec 9, 2025price +6.7% · net position +34,241 contracts
- Convergence — healthy downtrendJun 17, 2025 → Sep 16, 2025price -8.0% · net position -11,543 contracts
- Bullish divergenceJun 3, 2025 → Aug 5, 2025price -7.3% · net position +11,586 contracts
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Source: CFTC Commitments of Traders — positions as of Tuesday, published the following Friday. All position figures are futures contracts unless the % of open interest view is selected. Positioning is a sentiment tool, not a timing signal. Not investment advice.