The cmdty HRW Wheat Price Index (HWPI, weighted national average cash price) could break the tie between the major (long-term) downtrend seen on the monthly chart for the SRW market and major uptrend of the cash HRS market. A look at the HWPI monthly chart (drumroll please) shows us a similar pattern to what we seen in SRW wheat, with a bearish spike reversal posted during May leading to a Wave A low of $5.5357 during July. This was followed by a move to a monthly high of $6.6567, with a challenge of the May peak of $7.1497 not out of the question over the next couple months. However, as with SRW wheat, this should be viewed as a selling opportunity of newly harvested 2021 bushels.