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Spot HRW wheat basis was flat in the US Plains as farmers held back sales amid persistent low prices. China imposed an extra 34% levy on all US goods, and dry conditions persist across the southern Plains.
Retaliatory tariffs threaten US farm export sales, while Plains drought adds some support to HRW; farmers' reluctance to sell tightens nearby supply.
tradingview.comApr 4, 2025After 20 past neutral trade events, Wheat (HRW) moved a median -0.7% over 5 sessions (30% higher; middle half -4.1% to +1.4%), and -4.0% over 20.
After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% 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.
