# Wheat Market Update: Breakout Confirmed, But What’s Next? — CODAK Risk Advisory

> CODAK reviews its wheat outlook after a predicted breakout, noting SRW and HRS have turned bearish on carry metrics while HRW stays neutral. The analysis highlights a USD/RUB divergence and winterkill in Russian regions near the Caspian Sea supporting prices.

- Date: 2025-02-19 · published 2025-02-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/26076-wheat-market-update-breakout-confirmed-but-what-s-next-codak-risk-advisory
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Winterkill in Russia and a tight wheat-corn spread support prices, but widening basis and carry signals point to weaker US wheat demand at the margin.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Sources

- codakgroup.com: https://www.codakgroup.com/blog/wheat-market-update-breakout-confirmed-but-whats-next

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