# Chicago Wheat Has Unusually Firm Support

> DTN analyst Todd Hultman says December Chicago (SRW) wheat dipped below its 100-day average several times in 2021, but end-user buying showed up each time to support prices. He notes SRW supplies tightened in 2019-20 and that end users pay up for SRW because it is hard to replace in consumer goods.

- Date: 2021-09-24 · published 2021-09-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/45094-chicago-wheat-has-unusually-firm-support
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Persistent commercial buying on dips suggests firm underlying demand for SRW wheat, which supports Chicago futures despite weak trader interest.

## Read by commodity

- WHEAT: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2021/09/24/chicago-wheat-unusually-firm-support

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