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Kansas July HRW futures were $5.48 and December was $5.84 at the time of writing, a carry of $0.36 that roughly covers farmer storage costs. Storing wheat until November is described as break-even at best.
A narrow carry limits the incentive to store wheat, so farmers are more likely to sell at harvest, which keeps near-term wheat supplies available to feed users.
farmprogress.comKim AndersonJun 20, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
