SoftSignal Research
HRW Wheat — Positioning & Signal
CFTC COT · Structural Positioning Reversal Tendency (SPRT) · fundamental stress — updated weekly
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As of June 9, 2026, managed-money speculators held a short-leaning position in CBOT/KC HRW Wheat futures, placing net positioning in the lower third of its range (15th–35th percentile) since 2010. The position fell notably week-over-week. Fundamentals — HRW wheat-belt drought (D3+ coverage): 24.3% D3+.

Managed-money regime
Short-Leaning
Direction (WoW)
Fell notably
Fundamental signal
24.3% D3+
COT report date
June 9, 2026
Source
CFTC Disaggregated COT (Combined)

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