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Spot hard red winter wheat basis bids were unchanged in the U.S. Plains as farmers held sales ahead of the USDA planting and stocks reports. Drought affects about 14% of the winter wheat crop, and forecast rain pushed KC futures lower.
Farmers waiting on the USDA reports keeps local supply tight in the short term, but forecast rain is weighing on futures ahead of the data.
tradingview.comMar 28, 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.
