Soft Red Winter Wheat

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Soft Red Winter Wheat (SRW) is a variety of wheat that plays a vital role in global agriculture and food production. It is known for its lower protein content and weaker gluten, which make it suitable for a wide range of food products. SRW wheat is primarily grown in regions with moderate climates, such as the United States, Canada, and parts of Europe. Its applications extend beyond direct human consumption, as it is also used for animal feed and industrial purposes.[1][2]

Characteristics of SRW Wheat[edit]

Protein Content: SRW wheat typically has a lower protein content compared to hard wheat varieties like Hard Red Winter (HRW) or Hard Red Spring (HRS) wheat. This lower protein content results in weaker gluten formation, making it less suitable for bread-making.[3][4]

Color: SRW wheat grains are usually light red or pale in color, distinguishing them from the amber or dark red kernels of hard wheat varieties.

Usage: Due to its weaker gluten structure, SRW wheat is often used in products such as pastries, cookies, cakes, crackers, and biscuits. It is also utilized in some types of noodles and pancakes.[5][6]

SRW Wheat Futures Market at CME Group[edit]

The Chicago Mercantile Exchange (CME) Group offers futures contracts for Soft Red Winter Wheat as part of its agricultural commodities product suite. These futures contracts allow market participants to hedge price risks associated with SRW wheat and provide a means for price discovery and speculation.

Key Features of SRW Wheat Futures Contracts at CME Group[edit]

Contract Specifications: SRW wheat futures contracts at CME Group are standardized with specific contract specifications, including the size of the contract, delivery months, and contract months. Each contract is 5000 bushels of SRW wheat.

Price Quotation: Prices for SRW wheat futures contracts are quoted in cents per bushel, with each contract representing a specific quantity of bushels.

Delivery Points: The futures contracts outline designated delivery points where physical delivery of SRW wheat can occur.

Market Participants: Market participants in SRW wheat futures include farmers, grain elevators, food processors, millers, traders, and speculators.

Significance of SRW Wheat Futures[edit]

Risk Management: SRW wheat futures allow farmers and other stakeholders in the wheat supply chain to hedge against price fluctuations. Farmers can use these contracts to lock in prices for their crops, reducing uncertainty and financial risk.

Price Discovery: The futures market for SRW wheat contributes to price discovery, helping establish transparent and fair prices for the commodity.

Global Trade: SRW wheat futures facilitate international trade in wheat by providing a standardized pricing mechanism. This is essential for global food security and efficient distribution.

Speculation: Traders and speculators participate in SRW wheat futures markets to profit from price movements, adding liquidity and depth to the market. [7]


  1. Soft Red Winter Wheat. Royal Lee Organics.
  2. Management of Soft Red Winter Wheat. University of Missouri Extension.
  3. Which Wheat for What?. Kansas Wheat.
  4. 6 Classes of Wheat and Their Uses. Nebraska Wheat.
  5. What is hard and soft red winter wheat?. US Flour.
  6. Transitional Soft Red Winter (Pastry) Wheat. Heirloom Organic Grains & Flours.
  7. EXCESSIVE SPECULATION IN THE WHEAT MARKET. United States Senate Committee on Homeland Security and Governmental Affairs.