# Reports support higher wheat prices | Farm Weekly | WA

> Localised crop problems in US hard red winter wheat areas pushed KCBT wheat futures back toward April highs. Other wheat contracts remained near recent lows, and funds were net short Chicago wheat.

- Date: 2023-05-19 · published 2023-05-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/36018-reports-support-higher-wheat-prices-farm-weekly-wa
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher-protein HRW prices are supported by the US crop shortfall, while other classes stay weak. Short fund positions could add to a rally if they are covered.

## Read by commodity

- WHEAT: neutral
- KWHEAT: bullish ▲

## Sources

- farmweekly.com.au: https://www.farmweekly.com.au/story/8199529/tight-global-stocks-a-positive-for-australian-wheat/

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