# Wheat Export Basis Supports Competitiveness

> USW published an analysis on January 8, 2024, showing US wheat export basis levels were well below their five-year averages, with HRW 31% below, SRW 27% below and HRS 15% below. Export basis had hovered near record lows in summer 2023 as demand was slow.

- Date: 2024-01-08 · published 2024-01-08T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/32175-wheat-export-basis-supports-competitiveness
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Weak basis makes US wheat more competitive on export markets, which could support future export sales. Slow overall grain export demand remains a constraint on basis recovery.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-01-30 | [Wheat continues to rise - export demand supports US](https://feedsoft.ai/events/21105-wheat-continues-to-rise-export-demand-supports-us.md) | -0.3% | +3.1% |
| WHEAT | 2020-04-07 | [Sea port wheat exports halved wk/wk — Latifundist.com](https://feedsoft.ai/events/53499-sea-port-wheat-exports-halved-wk-wk-latifundist-com.md) | -0.2% | -0.5% |
| WHEAT | 2020-01-28 | [Wheat export shipment halved — Latifundist.com](https://feedsoft.ai/events/54923-wheat-export-shipment-halved-latifundist-com.md) | -0.5% | +2.7% |
| WHEAT | 2018-03-20 | [Export of wheat from seaports decreased 28% — Latifundist.com](https://feedsoft.ai/events/65860-export-of-wheat-from-seaports-decreased-28-latifundist-com.md) | +0.6% | +4.6% |
| WHEAT | 2019-09-01 | [Ukraine Benefits from Slow Start to Russia’s Wheat Exports - Russia Business Today](https://feedsoft.ai/events/56934-ukraine-benefits-from-slow-start-to-russia-s-wheat-exports-russia-business-today.md) | -2.3% | +1.7% |
| KWHEAT | 2019-12-07 | [The U.S. is competitive in the wheat export market](https://feedsoft.ai/events/55618-the-u-s-is-competitive-in-the-wheat-export-market.md) | +3.0% | +14.5% |
| KWHEAT | 2026-01-30 | [Wheat continues to rise - export demand supports US](https://feedsoft.ai/events/21105-wheat-continues-to-rise-export-demand-supports-us.md) | -1.6% | +4.7% |
| KWHEAT | 2022-05-16 | [Exclusive: India's surprise wheat export ban traps 1.8 million tonnes at ports](https://feedsoft.ai/events/41433-exclusive-india-s-surprise-wheat-export-ban-traps-1-8-million-tonnes-at-ports.md) | 0.0% | -7.3% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/u-s-wheat-export-basis-levels-support-on-going-competitiveness/

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