# Spring Wheat Market Signals Bears Watching

> Spring wheat futures were lacklustre on Nov. 12 while SRW and HRW winter wheat reached fresh contract highs. The USDA WASDE report was bullish for hard red spring wheat, with total HRS supplies estimated down 31.6% from last crop year.

- Date: 2021-11-12 · published 2021-11-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44098-spring-wheat-market-signals-bears-watching
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Sharply lower hard red spring supplies keep spring wheat firm, supporting feed-grade wheat costs, though the analyst notes spring wheat is lagging winter wheat.

## Read by commodity

- WHEAT: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2021/11/12/spring-wheat-market-signals-bears

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