# Wheat futures starting to turn heads

> Chicago wheat futures have risen nearly $2 per bushel since August 2020 as corn and soybean prices rallied. The article notes that when corn tops about $6, wheat becomes a feed substitute, which lifts wheat demand. It suggests 2020-21 prices could trend higher into summer.

- Date: 2021-01-28 · published 2021-01-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49195-wheat-futures-starting-to-turn-heads
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher corn prices make wheat cheaper as a feed ingredient, pulling more wheat into livestock rations and supporting wheat futures. This linkage can keep wheat prices firm while corn stays high.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/wheat-futures-starting-to-turn-heads

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