# The Wild, Wild West of Wheat

> DTN analyst Todd Hultman argues that USDA's projected 39% ending stocks-to-use for U.S. soft red winter wheat in 2019-20 may not drive prices as expected, noting historical correlation between ending stocks and SRW price indices is weak. He contrasts Chicago wheat's heavy trading volume with Kansas City and Minneapolis contracts.

- Date: 2019-08-23 · published 2019-08-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/57616-the-wild-wild-west-of-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Opinion-based analysis suggests SRW prices may not follow standard supply-demand logic, so buyers should not assume a tight-stocks projection will support prices. The commentary has limited immediate price impact.

## Read by commodity

- WHEAT: neutral

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2019/08/23/wild-wild-west-wheat

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