# WHEAT SCOOPS: Why $.65 below average prices remain

> Oklahoma economist Kim Anderson explains that 2024 harvest-delivery wheat forward contracts in Oklahoma and Texas are trading about $0.65 below the 15-year average of $5.85. Stocks-to-use ratios point to average or above-average prices, and Russian export dumping is cited as a possible reason for the discount.

- Date: 2024-03-28 · published 2024-03-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31243-wheat-scoops-why-65-below-average-prices-remain
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Heavy Russian export supply is pulling forward wheat bids lower despite balanced stocks, which keeps feed wheat economics cheap relative to history. Buyers can expect continued discounts unless Black Sea exports slow.

## Read by commodity

- KWHEAT: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/wheat-scoops-why-65-below-average-prices-remain

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