# WHEAT WORLD – GrainsWest

> Wheat prices rallied in late June and early July on dryness in the US northern plains and southern Prairies. Prices then gave up those gains as USDA estimates came in above trade expectations and global production recovered. Chicago and Kansas City futures fell back to 10-year lows, with projected global ending stocks at a record high.

- Date: 2017-10-02 · published 2017-10-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/10967-wheat-world-grainswest
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Record global wheat stocks cap price rallies in the wider wheat complex, though high-protein wheat remains tighter and may hold a premium.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- grainswest.com: https://grainswest.com/2017/10/wheat-world/

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