How often does Chicago wheat trade higher than Minneapolis wheat?

[beaverdam]

Not cool ! What/where's the demand for Chicago wheat? Is this China related?

[bucket]

How often does Chicago wheat trade higher than Minneapolis wheat?

Not very often....

[SASKFARMER]

Some times but not to many.

[LWeber]

Some times but not to many.

Here u go

[Oliver88]

What is the reason for Chicago being higher currently?

[mcfarms]

What is the reason for Chicago being higher currently?

Stocks to use much more favourable for SRW than HRS. Here is a good article from November on this from DTN.
https://www.dtnpf.com/agriculture/web/ag/blogs/fundamentally-speaking/blog-post/2019/11/27/chicago-minneapolis-wheat-premium http://https://www.dtnpf.com/agriculture/web/ag/blogs/fundamentally-speaking/blog-post/2019/11/27/chicago-minneapolis-wheat-premium

[macdon02]

I'll make the arguement this is extremely bullish. Having said that, I'm not expecting a repeat of '08 or 11-12. It'll be a much slower grind. Next major turn point is 2024. Should break $6 by a bunch, pullback retest $6 then off we go. Growing bushels is gonna be a bastard.

[Oliver88]

Stocks to use much more favourable for SRW than HRS. Here is a good article from November on this from DTN.
https://www.dtnpf.com/agriculture/web/ag/blogs/fundamentally-speaking/blog-post/2019/11/27/chicago-minneapolis-wheat-premium http://https://www.dtnpf.com/agriculture/web/ag/blogs/fundamentally-speaking/blog-post/2019/11/27/chicago-minneapolis-wheat-premium

Thanks, great summary.

Interesting notes that since 2009 the average spread is Minneapolis +91 cents over Chicago.
Chicago wheat (SRW) has its lowest production since 1984 while HRS was above average.

[TechAnalyst]

Here is another chart displaying the spread. Each bar is the monthly high/low/close of the Minneapolis Wheat (MWE) less the Chicago Wheat (ZW) covering the past 20 years.