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Spot hard red winter wheat basis was flat across southern Plains locations on Thursday. K.C.
September futures rose after USDA reported private sales of 100,000 tonnes of US HRW wheat to Nigeria. Weekly export sales for the week ending July 24 were within trade expectations.
Confirmed export sales to Nigeria add to demand for US HRW, supporting K.C. futures and cash prices.
tradingview.comJul 31, 2025After 102 past bullish trade events, Wheat (HRW) moved a median 0.0% over 5 sessions (49% higher; middle half -2.0% to +3.5%), and -1.4% over 20.
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.
