# American Cows to Feast on Wheat as Deluge Sparks Corn Rally - Bloomberg

> Surging corn prices have made wheat relatively cheap as a cattle feed, since corn gains have outpaced wheat's gains after record spring rainfall. The wheat-corn cash spread has narrowed sharply and in some parts of the US has swung to a discount.

- Date: 2019-06-25 · published 2019-06-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/58630-american-cows-to-feast-on-wheat-as-deluge-sparks-corn-rally-bloomberg
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Cheaper wheat relative to corn gives feedlots a substitution option that can reduce corn demand at the margin and pressure corn premiums, while supporting wheat feed demand.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-06-25/corn-s-big-run-is-putting-u-s-wheat-back-in-the-feed-trough

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