# Wheat Scoops: The market may not want your wheat, now

> Cash HRW wheat in Medford, Oklahoma fell from $8.50 on July 24 to $6.90 by late August. The KC July 2024 futures trade 11 cents above September 2023, and the December contract is only 9 cents above September, which is not enough to cover storage carry.

- Date: 2023-08-29 · published 2023-08-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34629-wheat-scoops-the-market-may-not-want-your-wheat-now
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Weak HRW export sales and a flat-to-minimal futures carry signal limited near-term demand for US hard red winter wheat, pressuring cash prices.

## Read by commodity

- KWHEAT: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/wheat-scoops-the-market-may-not-want-your-wheat-now-

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