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Spot HRW basis bids were mostly flat at southern Plains elevators on Monday as K.C. September futures fell to a life-of-contract low of $4.95-3/4.
Protein premiums for rail shipments to Kansas City rose 5 to 10 cents, and USDA reported export inspections of 946,472 metric tons, above expectations.
Firm protein premiums signal domestic milling demand, while strong export inspections support the wheat complex, though futures remain near contract lows.
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.