# Basis bids for US Plains hard red winter wheat steady to lower as futures climb

> 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.

- Date: 2024-05-27 · published 2024-05-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30315-basis-bids-for-us-plains-hard-red-winter-wheat-steady-to-lower-as-futures-climb
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Slow farmer selling and firm futures keep HRW supplies tight, supporting prices for buyers, while expected rain could affect harvest timing and quality.

## Read by commodity

- KWHEAT: bullish ▲

## Sources

- tridge.com: https://www.tridge.com/news/us-plains-hrw-wheat-basis-bids-steady-to-low-rulxrp

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