Flour Facts

Up-to-Date Weekly Market Highlights
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February 22, 2024

Weekly Market Highlights

  • Wheat futures jumped higher Tuesday on short-covering after over a week of straight down days but have since cooled.
  • The domestic wheat market continues to be challenged by Russian pricing, with $216/ton export FOB reportedly trading Tuesday.
  • Wheat export inspections were slightly lower last week at 14.0 million bushels, which was in the middle of analyst estimates ranging between 11.0 million and 18.4 million bushels. We are still trending moderately below last year’s pace.

Soft Red Winter (SRW)

Soft Red Winter Wheat is grown in the eastern third of the United States. SRW is high yielding wheat, but relatively low in protein, usually about 10%. SRW is used for cakes, pastries, flat breads, crackers and snack foods.



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