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Spot hard red winter wheat basis bids were steady in the U.S. Plains amid slow trade and light farmer selling. About 14% of the U.S. winter wheat crop is in drought, and Black Sea ceasefire news and rain forecasts pushed futures lower.
Stable basis and slow selling suggest little change in local HRW supply pressure, while futures remain soft on rain and Black Sea news.
tradingview.comMar 27, 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.
