Winter Wheat Markets Have Flipped the Script | Presented by CME Group

[Music] US winter wheat markets have flipped the script. For years, the higher protein winter wheat used for bread cost more than the softer wheat used for pastries. But since mid August of this year, in a striking reversal, Kansas City hard red winter wheat futures are trading at a discount to Chicago wheat futures.It's an inversion driven by two factors: supply and quality. Kansas City hard red winter wheat typically commands a premium for its moderate to high protein content relative to the soft red wint ...