# HRS/HRW Spread Continues to Strengthen

> The December spring wheat/hard red winter wheat spread widened to $2.43 1/2 per bushel on July 16, near record highs for data back to 1980. Spring wheat conditions fell sharply in the US and Canada, with North Dakota and Saskatchewan both rated only 25% good to excellent or lower, while HRW protein averaged 11.4%, below the five-year average.

- Date: 2021-07-16 · published 2021-07-16T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/46133-hrs-hrw-spread-continues-to-strengthen
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Poor spring wheat crops and below-average protein tighten supplies of high-protein milling wheat, which lifts the premium for HRS over HRW and supports wheat prices broadly.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-06-22 | [Continuing dry conditions in the northern hemisphere strengthen markets \| The Land \| NSW](https://feedsoft.ai/events/35547-continuing-dry-conditions-in-the-northern-hemisphere-strengthen-markets-the.md) | +7.6% | -0.3% |
| WHEAT | 2020-11-16 | [La Nina Impact to Continue](https://feedsoft.ai/events/50060-la-nina-impact-to-continue.md) | -2.8% | +1.3% |
| WHEAT | 2020-10-02 | [Soybean Surge Continues \| Feed & Grain](https://feedsoft.ai/events/12134-soybean-surge-continues-feed-and-grain.md) | +1.9% | +3.6% |
| WHEAT | 2021-06-16 | [EU wheat surges to record as supplies continue to tighten \| Saxo](https://feedsoft.ai/events/46640-eu-wheat-surges-to-record-as-supplies-continue-to-tighten-saxo.md) | -8.0% | -12.7% |
| WHEAT | 2018-07-31 | [Prices for barley in Ukraine continue to grow](https://feedsoft.ai/events/12408-prices-for-barley-in-ukraine-continue-to-grow.md) | +4.1% | +1.3% |
| KWHEAT | 2024-05-17 | [Forecasts of a good wheat harvest in the US and the EU continue to lower stock prices](https://feedsoft.ai/events/10908-forecasts-of-a-good-wheat-harvest-in-the-us-and-the-eu-continue-to-lower-stock.md) | +5.6% | -6.8% |
| KWHEAT | 2018-03-16 | [K.C. Wheat Tumbles, Rain Heads to Kansas](https://feedsoft.ai/events/8008-k-c-wheat-tumbles-rain-heads-to-kansas.md) | -8.3% | -3.5% |
| KWHEAT | 2019-09-24 | [U.S. grains: MGEX spring wheat rallies to highest since mid-June - Country Guide](https://feedsoft.ai/events/57104-u-s-grains-mgex-spring-wheat-rallies-to-highest-since-mid-june-country-guide.md) | +2.1% | +4.7% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2021/07/16/hrshrw-spread-continues-strengthen

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