# Wheat prices soar on concerns of war, drought | AP News

> AP News reports that wheat prices soared on concerns of war and drought. The excerpt cites a cash price of $10.89 in Great Falls according to USDA.

- Date: 2022-03-05 · published 2022-03-05T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/42312-wheat-prices-soar-on-concerns-of-war-drought-ap-news
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher wheat cash prices in the US raise the cost of wheat-based feed ingredients, supporting feed price inflation.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Sources

- apnews.com: https://apnews.com/article/russia-ukraine-business-droughts-europe-montana-b81198d22601b886937930054b098899

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