# Weekly Analysis: Wheat Markets

> DTN's February 4 review reports the cash SRW index at $4.17 and the HRW index up 19 cents for the week to $4.12. July Chicago wheat closed at $4.73 and remained in an intermediate-term uptrend. Analysts flagged possible short-term pullbacks.

- Date: 2018-02-04 · published 2018-02-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/66547-weekly-analysis-wheat-markets
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Firm cash and futures wheat prices support feed-grain costs, but short-term signs of a pullback could ease prices. Buyers should track near-term support levels.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/technically-speaking/blog-post/2018/02/04/weekly-analysis-wheat-markets

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