# Southwest wheat prices likely to remain below average

> Oklahoma State economist Kim Anderson says Southwest wheat prices are about $1.25 below the 16-year average, with Pond Creek cash wheat at $4.50. The 2025-26 HRW stocks-to-use ratio is projected at 50%, matching the long-run average. Forward contracts for 2026 harvest delivery trade about 50 cents higher than cash.

- Date: 2025-11-18 · published 2025-11-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/22000-southwest-wheat-prices-likely-to-remain-below-average
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Below-average HRW prices and a forward curve pointing to modest gains give feed buyers a cheap wheat outlook for 2026. Stocks-to-use at the average suggests no major supply shock is driving the discount.

## Read by commodity

- KWHEAT: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/bet-on-below-average-wheat-prices

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