# US Plains HRW Wheat-Basis bids steady as futures stumble - Tiger Brokers

> Spot basis bids for hard red winter wheat were flat in the US Midwest on 4 March 2025 as KC May futures fell 15 cents to $5.47/bu. The move followed new 25% US tariffs on Canada and Mexico and a doubling of duties on Chinese goods to 20%, and farmers were hesitant to sell at low futures prices.

- Date: 2025-03-05 · published 2025-03-05T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/12567-us-plains-hrw-wheat-basis-bids-steady-as-futures-stumble-tiger-brokers
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Tariff-driven export risk pushed futures lower, and reluctant farmer selling keeps local cash supply tight, so buyers face weak futures with firm basis support.

## Read by commodity

- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2019-06-03 | [US wheat futures fall](https://feedsoft.ai/events/58651-us-wheat-futures-fall.md) | -5.1% | -4.5% |
| KWHEAT | 2026-10-28 | [Basis flat; tumbling futures halt farmer sales \| NewsSignals AI Analysis](https://feedsoft.ai/events/98-basis-flat-tumbling-futures-halt-farmer-sales-newssignals-ai-analysis.md) | +0.5% | — |
| KWHEAT | 2019-10-23 | [Why aren't UK wheat futures following US trends? Grain Market Daily \| AHDB](https://feedsoft.ai/events/56604-why-aren-t-uk-wheat-futures-following-us-trends-grain-market-daily-ahdb.md) | -0.5% | +1.1% |
| KWHEAT | 2023-12-18 | [US SRW wheat exports set to top HRW for first time after China haul](https://feedsoft.ai/events/32742-us-srw-wheat-exports-set-to-top-hrw-for-first-time-after-china-haul.md) | -3.1% | -7.6% |
| KWHEAT | 2018-07-23 | [Lower U.S. Wheat Futures: An Anomaly and Excellent Opportunity - U.S. Wheat Associates](https://feedsoft.ai/events/64092-lower-u-s-wheat-futures-an-anomaly-and-excellent-opportunity-u-s-wheat.md) | +4.7% | +11.1% |

## Sources

- itiger.com: https://www.itiger.com/news/2517607438

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.