# Decline in contract price for wheat underscores need to grow and market quality product | Oklahoma State University

> An Oklahoma State University extension note says wheat and corn both set new contract lows in late November, with Chicago wheat funds heavily short. Wheat slipped from support at $4.30 to $4.25, and the specialist said quality at harvest will determine any price recovery.

- Date: 2017-12-01 · published 2017-12-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/67515-decline-in-contract-price-for-wheat-underscores-need-to-grow-and-market-quality
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Fund short positions and contract lows point to weak near-term corn and wheat values, which favors feed buyers covering needs at current levels, though a short-covering rally remains possible.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- news.okstate.edu: https://news.okstate.edu/articles/agriculture/2017/decline-in-contract-price-for-wheat-underscores-need-to-grow-and-market-quality-product.html

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