# The Wacky World of Kansas Wheat | CZ app

> Kansas hard red winter wheat prices hit a low of $3.81/bu in September, the lowest December contract in over ten years, before recovering above $4/bu. The HRW premium over corn narrowed to 11c/bu, below the normal 50c to $1.50 range, as global wheat stocks stay heavy.

- Date: 2019-12-09 · published 2019-12-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/55616-the-wacky-world-of-kansas-wheat-cz-app
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A narrow HRW premium over corn makes wheat more likely to replace corn in feed rations, which caps HRW values while global oversupply persists.

## Read by commodity

- CORN: neutral
- KWHEAT: bearish ▼

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/the-wacky-world-of-kansas-wheat/

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