# Three Questions About Chicago SRW Wheat and the CME's Variable Storage Rate

> A Barchart columnist argues the September-December Chicago SRW wheat spread is bearish enough to trigger the CME's maximum commercial storage rate. He says futures spreads better reveal supply and demand than USDA or crop tours.

- Date: 2023-08-25 · published 2023-08-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34619-three-questions-about-chicago-srw-wheat-and-the-cme-s-variable-storage-rate
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A bearish spread that triggers storage rate signals heavy commercial supply and reinforces downward pressure on SRW wheat prices, with carry-based storage absorbing surplus.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- barchart.com: https://www.barchart.com/story/news/19708875/three-questions-about-chicago-srw-wheat-and-the-cme-s-variable-storage-rate

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