# Not much chance of $5 wheat

> Oklahoma and Texas wheat prices are between $3.30 and $3.50 per bushel, down about $1.50 since early July, and a $5 price would need higher protein, test weight and lower world stocks. Forward contracts for 2018 harvest delivery are priced at $3.80 to $4.05 per bushel.

- Date: 2017-10-20 · published 2017-10-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68502-not-much-chance-of-5-wheat
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Low HRW protein and ample foreign supplies cap wheat prices, making a rally to $5 unlikely before July 2018. Feed buyers can expect continued cheap wheat relative to recent history.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/what-has-to-happen-to-get-5-wheat-

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