# Wheat Industry News - U.S. Wheat Associates

> U.S. wheat futures fell sharply in the week ending June 17, with SRW closing down 36 cents at $10.34/bu and HRW down 57 cents at $11.05/bu. Declines extended into June 23, and a Senate subcommittee held a hearing on persistent drought affecting Western wheat.

- Date: 2022-06-23 · published 2022-06-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40990-wheat-industry-news-u-s-wheat-associates
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Sharp futures losses reduce wheat price levels for feed users, though drought concerns still support the HRW complex. Wheat feeding economics shift as the gap to corn narrows.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- newuswheat.mysites.io: https://newuswheat.mysites.io/wheatletter/wheat-industry-news-80/

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