# A Look at the HRS and HRW Spread

> As of June 14, the US winter wheat harvest was 15% complete, matching the five-year average. Since June 4, July HRW futures have closed lower in eight of nine sessions and hit a 12-week low on June 17, while July HRS has been firmer.

- Date: 2020-06-17 · published 2020-06-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52657-a-look-at-the-hrs-and-hrw-spread
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The widening HRS premium over HRW suggests buyers are paying up for higher-quality spring wheat, which can support spring wheat and pressure HRW values if the trend persists.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/06/17/look-hrs-hrw-spread

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