Wheat is bought and sold on a vigorous and complex world market. U.S. wheat can be purchased by anyone around the world through private companies. Here’s some basic information about the wheat trade.

Markets

There are three key U.S. wheat markets, the Chicago Board of Trade, the Kansas City Board of Trade and the Minneapolis Grain Exchange.

The Chicago Board of Trade, part of the CME Group, offers futures and options contracts for soft red winter (SRW) wheat. Visit CBOT for more details and current market pricing.

The Kansas City Board of Trade, also part of the CME Group, offers wheat futures and options for hard red winter wheat (HRW). Learn more about KCBT and current market information.

The Minneapolis Grain Exchange, known as MGEX, is the principal market for hard red spring wheat (HRS). MGEX also offers index and options contracts on hard red spring wheat (HRS), hard red winter wheat (HRW) and soft red winter wheat (SRW). More information and current prices quotes are available at MGEX.

Buying U.S. Wheat

uswaU.S. Wheat Associates  is the industry’s market development organization working in 90 countries on behalf of America’s wheat producers. U.S. Wheat doesn’t buy or sell wheat directly, but helps everyone else learn how to do so. For much more about the U.S. wheat purchasing process, visit U.S. Wheat’s online buyer’s guide.

Also visit wheatflourbook.org, which provides an introduction to the marketing and quality evaluation of wheat and flour.

Exporting Wheat

naegaFor information about exporting U.S. wheat, please visit the website of the North American Export Grain Association or complete their trade lead form to contact their member-companies.