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Oklahoma State analyst Kim Anderson notes wheat is trading as a feed grain, with HRW feed value about 106% of corn. Perryton wheat was $6.49 versus $7.31 for corn, and the KC July wheat futures were $6.52 against $6.64 for December.
With wheat priced near or below corn, feed mills are substituting wheat into rations, which supports wheat demand and ties its price to corn direction.
farmprogress.comKim AndersonMay 27, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
