# Conflicting signals on world and U.S. wheat prices

> Oklahoma and Texas wheat cash prices, around $4.71 to $5.06 per bushel, are at their lowest since October 2020. The writer argues that wheat prices have returned to being driven by normal supply and demand, after COVID and the Russia-Ukraine war drove them up sharply.

- Date: 2024-07-30 · published 2024-07-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29309-conflicting-signals-on-world-and-u-s-wheat-prices
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Record world wheat output projected for 2024 (29.3 billion bushels) points to ample supply and continued pressure on wheat values, with stocks-to-use the key gauge for future prices.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/conflicting-signals-on-world-u-s-wheat-prices

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