# Higher wheat prices likely have ‘staying power,’ market experts say | Capital Press

> Wheat prices have reached 12-month highs, with soft white wheat near $6.65 per bushel. Analysts cannot pinpoint a single cause, citing year-end demand, Russian crop concerns and possible Chinese purchases.

- Date: 2020-12-31 · published 2020-12-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49690-higher-wheat-prices-likely-have-staying-power-market-experts-say-capital-press
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Sustained strength in old-crop wheat raises feed wheat costs for buyers, and analysts expect the rally to persist into 2021.

## Read by commodity

- WHEAT: bullish ▲

## Sources

- capitalpress.com: https://capitalpress.com/2020/12/31/higher-wheat-prices-likely-have-staying-power-market-experts-say/

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