# US: Spot basis bids for hard red winter wheat hold steady while futures strengthen

> Spot basis bids for hard red winter wheat were steady in the US Plains while futures strengthened after a pause in the dollar's rise. Drought affected 43% of the winter wheat crop, down from 57% the prior week. Weekly US wheat export sales were 380,100 metric tons, in line with expectations.

- Date: 2024-11-18 · published 2024-11-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27455-us-spot-basis-bids-for-hard-red-winter-wheat-hold-steady-while-futures
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Easing drought and strong export competition weigh on HRW prices, while the pause in dollar strength gave futures a short-term lift.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Sources

- tridge.com: https://www.tridge.com/news/us-plains-hrw-wheat-basis-bids-hold-steady-w-xxshvk

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