# Basis steady as futures rise — TradingView News

> 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.

- Date: 2025-07-31 · published 2025-07-31T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/23802-basis-steady-as-futures-rise-tradingview-news
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Confirmed export sales to Nigeria add to demand for US HRW, supporting K.C. futures and cash prices.

## Read by commodity

- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2025-07-30 | [Basis flat as farmer selling increases slightly — TradingView News](https://feedsoft.ai/events/23803-basis-flat-as-farmer-selling-increases-slightly-tradingview-news.md) | -2.7% | -4.9% |
| KWHEAT | 2025-10-28 | [Chicago wheat futures firm on export deal hopes, traders adjusting positions — TradingView News](https://feedsoft.ai/events/5429-chicago-wheat-futures-firm-on-export-deal-hopes-traders-adjusting-positions.md) | +3.4% | -1.4% |
| KWHEAT | 2020-03-20 | [CBOT wheat futures rise on reports of China buying US wheat](https://feedsoft.ai/events/6106-cbot-wheat-futures-rise-on-reports-of-china-buying-us-wheat.md) | +4.7% | +2.8% |
| KWHEAT | 2025-11-03 | [CBOT wheat ends higher on hopes of China demand, technical buying — TradingView News](https://feedsoft.ai/events/21997-cbot-wheat-ends-higher-on-hopes-of-china-demand-technical-buying-tradingview.md) | -1.0% | -1.4% |
| KWHEAT | 2026-07-10 | [US Plains HRW Wheat-Basis flat, futures rally spurs farmer sales](https://feedsoft.ai/events/7340-us-plains-hrw-wheat-basis-flat-futures-rally-spurs-farmer-sales.md) | +11.6% | +9.0% |

## Sources

- tradingview.com: https://www.tradingview.com/news/reuters.com,2025:newsml_L1N3TS1DA:0-basis-steady-as-futures-rise/

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