What is soft red winter wheat used for?

Soft Red Winter Wheat is a low to medium protein wheat with soft endosperm used to make cake flour, pastry flour and some self-rising flours (baking powder and salt added). Soft red winter wheat is seeded in the fall. It is grown east of the Mississippi, with Ohio being the leading producer state followed by Arkansas, Illinois, and Missouri.

Are winter wheat futures undervalued?

Our bias is that winter wheat futures are undervalued at the moment given the uncertainty about export potential from the Black Sea and the shrinking global stocks outlook. But that does not imply producers will have smooth sailing in the US, especially when considering where prices could be at this time next year.

When will soft red winter wheat be harvested?

Soft red winter wheat was expected to be harvested around June 7th or 8th. It was expected that harvest activity would slow over the weekend as rain was expected across the Blacklands, Central Texas and South Texas.