# Kansas City vs. Chicago Wheat Spread: A Tale of Two Markets

> Kansas City wheat futures have traded at an unusual discount to Chicago wheat since 2019, with the March 2020 KC contract at a 75-cent discount and December 2020 at 65 cents. The spread tracks HRW production relative to SRW production, which has been historically small for SRW in recent years.

- Date: 2020-01-13 · published 2020-01-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/55118-kansas-city-vs-chicago-wheat-spread-a-tale-of-two-markets
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The market's wide KC-Chicago discount signals continued tightness in Chicago wheat relative to HRW, supporting SRW prices through 2020.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bearish ▼

## Sources

- cmegroup.com: https://www.cmegroup.com/education/articles-and-reports/kc-vs-chicago-wheat-spread-a-tale-of-two-markets

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