# Is HRW Wheat As Bearish As It Looks?

> March Kansas City HRW wheat futures have fallen for about 18 months and closed Dec. 28 at $6.43 3/4, well below the 100-day average. Spot KC wheat is set for one of the largest percentage losses in 2023 among US grains, and USDA projects 2023-24 ending stocks at 35% of use.

- Date: 2023-12-29 · published 2023-12-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32743-is-hrw-wheat-as-bearish-as-it-looks
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Persistent weakness and tight-ish ending stocks give a mixed price signal, with commercial buying near current lows possibly limiting further downside. Feed buyers face soft HRW-based values for the time being.

## Read by commodity

- KWHEAT: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2023/12/29/hrw-wheat-bearish-looks

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