# Competitive U.S. Soft Wheat Buying Opportunity

> Chicago soft red winter wheat futures fell to $5.95/bushel in the week of May 2, the lowest since March 2021, making U.S. SRW the cheapest wheat on the world market. Soft white and SRW classes have become price competitive for importers after strong recent harvests.

- Date: 2023-05-09 · published 2023-05-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35984-competitive-u-s-soft-wheat-buying-opportunity
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Cheap U.S. soft wheat encourages importer buying and can displace corn and other feed grains in feed rations, pressuring corn and wheat prices.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- uswheat.org: https://uswheat.org/wheatletter/competitive-u-s-soft-wheat-creates-buying-opportunity/

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