# Is Wheat a Good Buy or a Good Bye?

> Barchart columnist Darin Newsom argues that Chicago SRW wheat has been bearish for nearly a year, with speculators heavily net short. He notes SRW cash prices of $6.58 and stocks-to-use near 35%, the highest since August 2021, while suggesting long-term turning points may be near.

- Date: 2023-03-08 · published 2023-03-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/36894-is-wheat-a-good-buy-or-a-good-bye
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Large available stocks and carry spreads point to ample wheat supplies and soft prices, which keeps feed wheat competitive against corn. A turn in speculative positioning could still lift wheat prices.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- barchart.com: https://www.barchart.com/story/news/14876441/is-wheat-a-good-buy-or-a-good-bye

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