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Spot basis bids for hard red winter wheat were mostly unchanged across the southern Plains on Thursday as futures held near a 3-1/2 week high. Farmer selling remained slow, while USDA data showed strong weekly HRW export sales.
Firm export demand and tight farmer selling support nearby HRW cash prices. Basis is steady, so there is no new directional shift for buyers.
tradingview.comMay 22, 2025Not 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.
