# Spreads Show Increased Interest in Protein

> The HRS/HRW monthly spread traded at 82.5 cents, near resistance at 84 cents, reflecting demand for higher-protein hard red spring wheat. Wheat futures fell 6 to 9.5 cents in the nearby July contracts across North American markets on Monday. Global wheat ending stocks are expected to hit a record in 2016/17.

- Date: 2016-06-21 · published 2016-06-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10758-spreads-show-increased-interest-in-protein
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Strong protein premiums support hard red spring wheat, but record global stocks keep the broader wheat outlook weak. Feed buyers face little near-term price pressure from this spread.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2016/06/21/spreads-show-increased-interest

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.