# Should we be pricing wheat on a good start? - Mecardo

> Australian wheat sowing has started early after above-average April rains in Victoria, southern NSW and WA. Forward prices remain at the top of the historical range, and Chicago SRW futures have fallen to their lowest since January 2021.

- Date: 2023-04-26 · published 2023-04-26T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/36454-should-we-be-pricing-wheat-on-a-good-start-mecardo
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Early sowing and a USDA forecast of a seven-year high in US wheat plantings add supply expectations that pressure prices, while forward prices still carry a premium that makes pricing decisions a question for growers.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- mecardo.com.au: https://mecardo.com.au/should-we-be-pricing-wheat-on-a-good-start/

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