Wheat Spread Hits Seven-Month High as US Plains Crop Fears Grow

Hard-red winter wheat is trading at its largest premium to soft red wheat in more than seven months as heat in the central U.S. increases stress on fields. The weather-driven supply concern is supporting hard-red prices and could tighten available soft red supplies, implying greater near-term volatility for wheat markets and downstream processors/exporters.

Analysis

Hard-red winter wheat is trading at its largest premium to soft red wheat in more than seven months as heat in the central U.S. increases stress on fields. The weather-driven supply concern is supporting hard-red prices and could tighten available soft red supplies, implying greater near-term volatility for wheat markets and downstream processors/exporters.