# Terrain | Wheat Is Catching a Ride on the Corn Train

> Terrain's quarterly outlook says tight US hard red winter wheat inventories will support harvest cash prices of $8 to $9 per bushel, while lower-cost exporters such as Russia, the EU and Australia cap US prices. It notes HRW prices track corn closely and that US wheat exports are at their lowest since 1971/72.

- Date: 2023-06-27 · published 2023-06-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35519-terrain-wheat-is-catching-a-ride-on-the-corn-train
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

US wheat is priced above Black Sea and EU competitors, so exports stay weak and supply tightness, not demand, sets the premium; corn weather volatility spills into HRW prices.

## Read by commodity

- CORN: neutral
- WHEAT: neutral
- KWHEAT: neutral

## Sources

- terrainag.com: https://www.terrainag.com/insights/wheat-is-catching-a-ride-on-the-corn-train/

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