2017 CBOT Wheat Futures Class Action

The Class certified by the Court is defined as all persons or entities who purchased:

A long position in Chicago Board of Trade (“CBOT”) soft red winter (“SRW”) wheat December 2017 or March 2018 futures contracts;
A long position in CBOT call options on CBOT soft red winter wheat March 2018 futures contracts; or
A short position in CBOT put options on CBOT soft red winter wheat March 2018 futures contracts—and subsequently liquidated the position through an offsetting market transaction at any point during the period of November 30 through December 14, 2017, inclusive (the “Class Period”), except that sales of CBOT March 2018 futures contracts made after December 14, 2017, qualify for inclusion in the Class only to the extent they were made in liquidation of a long position in the CBOT March 2018 contract which was initiated prior to December 14, 2017.

The information contained on this web page is only a summary of information presented in more detail in the Notice of Proposed Class Action Settlement, November 12, 2026 Settlement Hearing and Class Members’ Rights (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional details.

A Notice of Class Action Settlement was mailed August 18, 2026. Your rights may be affected by the proceedings in the above-captioned Action. The Notice advises you of your rights and options with respect to this Action, including what you must do if you wish to share in the proceeds of the Net Settlement Fund.

If you purchased a Chicago Board of Trade (“CBOT”) soft red winter (“SRW”) wheat December 2017 or March 2018 futures contract after November 29, 2017, or a CBOT call option on CBOT soft red winter wheat March 2018 futures contracts, or a CBOT put option on CBOT soft red winter wheat March 2018 futures contracts after November 29, 2017, the purpose of the Notice is to inform you of a proposed settlement (the “Settlement”) with Defendants Cargill, Incorporated (“Cargill”) and The Andersons, Inc. (“TAI,” and together with Cargill, “Defendants”).

Plaintiffs entered into the Stipulations and Agreements of Settlement (the “Stipulations”) with Cargill and TAI on May 27, 2026.

Please do not contact the Court regarding the Notice. Inquiries concerning the Notice, Claim Form, or any other questions by Class Members should be directed to:

2017 CBOT Wheat Futures Class Action
c/o A.B. Data, Ltd.
P.O. Box 173107
Milwaukee, WI 53217
Tel: 866-588-5528

Email: info@2017CBOTWheatFuturesClassAction.com

Plaintiffs allege that that Defendants Cargill and TAI manipulated the CBOT SRW wheat December 2017 futures contract (“CBOT December 2017 contract”) and the CBOT SRW wheat March 2018 futures contract (“CBOT March 2018 contract”) and options on the CBOT March 2018 contract. Plaintiffs allege that Defendants manipulated these contracts (and options on the CBOT March 2018 contract) by registering 2,000 December 2017 SRW wheat shipping certificates for the purpose of influencing prices rather than because of any legitimate need to sell that quantity of wheat. Plaintiffs assert claims against Defendants under the Commodity Exchange Act, 7 U.S.C. § 1 et seq., the Sherman Antitrust Act, 15 U.S.C. §§ 1 and 2, et seq., and the common law regarding unjust enrichment.

Defendants deny that they did anything wrong and assert that Plaintiffs’ claims have no merit. Among other things, Defendants assert that the registration of shipping certificates was economical, not for any improper purpose, and lawful.

Nonetheless, to avoid the uncertainty and risk of further litigation and the duration, expense, difficulties, and delays inherent in such litigation, Defendants have agreed to settle the claims in this lawsuit, and to individually pay $5 million each, or $10 million total, to eligible Settlement Class Members.

The Court has preliminarily approved the Settlement. The following table contains a summary of your rights and options regarding the Settlement.

YOUR LEGAL RIGHTS AND OPTIONS IN THESE SETTLEMENTS
	Description	Due Date
DO NOTHING	If you do nothing in connection with the Settlement, you will receive no payment from the Net Settlement Fund and you will be bound by past and any future Court rulings, including rulings on the Settlement, if approved, and the Settlement’s releases.
FILE A CLAIM FORM	The only way to receive your share of the Net Settlement Fund is to complete and file a timely and valid Claim Form electronically by no later than December 14, 2026, or to mail your Claim Form so that it is postmarked no later than December 14, 2026.
OBJECT TO THE SETTLEMENT	If you wish to object to any aspect of the Settlement, Distribution Plan, Class Counsel’s application for attorneys’ fees and expenses, Plaintiffs’ application for Service Awards, or any other matter, you must file a written objection with the Court and serve copies on Class Counsel and Defendants’ Counsel by September 28, 2026. You must be and remain within the Settlement Class in order to object.
GO TO THE SETTLEMENT HEARING	You may ask the Court for permission to speak about the Settlement at the Settlement Hearing by including such a request in your written objection, which you must file with the Court and serve on Class Counsel and Defendants’ Counsel by September 28, 2026. The Settlement Hearing is currently scheduled for September 28, 2026, but you should check the Settlement Website before attending because the hearing date is subject to change.
APPEAR THROUGH AN ATTORNEY	You may enter an appearance through your own counsel at your own expense.

If you have questions, you may call the Settlement Help Line at 866-588-5528, or email info@2017CBOTwheatfuturesclassaction.com

2017 CBOT Wheat Futures Class Action

YOUR LEGAL RIGHTS AND OPTIONS IN THESE SETTLEMENTS