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Hard red winter wheat basis bids were unchanged at southern Plains elevators on September 29. Farmers were harvesting corn and planting wheat, and warm, dry weather was expected to favor planting.
KC December HRW futures were up 3.5 cents at $5.09 per bushel.
Stable basis and steady futures show little new price direction for HRW wheat. Planting progress and weather will set the supply outlook for next year's crop.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.