# A Look at the CWRS-CPRS Spread

> The Canada Western Red Spring to Canada Prairie Spring Red spread widened to $58.25/mt in northern Alberta on November 20, the widest since November 2021. The US spread between the National Spring Wheat Index and National HRW Index reached $1.28/bu, the widest since February 2022.

- Date: 2023-11-21 · published 2023-11-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33224-a-look-at-the-cwrs-cprs-spread
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Wider premiums for hard spring wheat reflect tighter spring wheat fundamentals relative to HRW, which can shift buyer demand between classes and support spring wheat values.

## Read by commodity

- WHEAT: neutral
- KWHEAT: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2023/11/21/look-cwrs-cprs-spread

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