# Opportunities Abound for Customers to Lock-in Competitive Prices - U.S. Wheat Associates

> US wheat futures had risen to 2- and 3-year highs earlier in summer after sharply lower US production but have since fallen on a growing 2017/18 supply. USDA estimates 2017/18 SRW supply at 14.2 MMT, and HRW output is forecast to fall 30 percent. Protein premiums are widening as higher-protein supplies tighten.

- Date: 2017-08-24 · published 2017-08-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/69493-opportunities-abound-for-customers-to-lock-in-competitive-prices-u-s-wheat
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower futures and wide protein premiums give importers a chance to buy cheaper wheat, while tight high-protein supply keeps premiums firm for specialty buyers.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bullish ▲

## Sources

- uswheat.org: https://uswheat.org/wheatletter/opportunities-abound-for-customers-to-lock-in-competitive-prices/

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