Loading…
Basis bids for hard red winter wheat in the southern U.S. Plains were steady to lower as KC July futures hit an eight-month high. Farmer selling remained slow and elevators are awaiting the first new-crop supplies.
Wet weather is forecast for the southern Plains over the next six to ten days.
Slow farmer selling and firm futures keep HRW supplies tight, supporting prices for buyers, while expected rain could affect harvest timing and quality.
tridge.comEconomic timesMay 27, 2024Not 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.
