# North American millers, bakers scramble to satisfy bread-buying binge

> Chicago May wheat futures rose more than 3% on Monday and hit a one-month high on strong global demand. Premiums for certain milling grades also rose as North American millers and bakers scrambled to meet a surge in bread buying tied to coronavirus stay-at-home orders in several US states.

- Date: 2020-03-23 · published 2020-03-23T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/8239-north-american-millers-bakers-scramble-to-satisfy-bread-buying-binge
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Stockpiling-driven demand for milling wheat tightens near-term supplies and lifts wheat prices and milling premiums, which raises feed wheat and co-product costs for buyers.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/us-health-coronavirus-wheat/north-american-millers-bakers-scramble-to-satisfy-bread-buying-binge-idUSKBN21A30P/

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