# Todd Hubbs on Grain Markets, Basis Levels, and Crop Quality Ahead of WASDE - Oklahoma Farm Report

> Oklahoma Hard Red Winter wheat basis is steady at -$0.55 to -$0.70 under futures, and sorghum basis discounts persist. Heavy late-season rains in the Plains have raised mold and sprouting risk in beans and corn, and high Gulf freight rates are stalling sorghum shipments to China.

- Date: 2026-10-09 · published 2026-10-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/476-todd-hubbs-on-grain-markets-basis-levels-and-crop-quality-ahead-of-wasde
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Persistent sorghum basis discounts and quality risk weigh on local cash values, while elevated freight costs narrow export competitiveness.

## Read by commodity

- CORN: neutral
- KWHEAT: neutral
- SORGHUM: bearish ▼

## Sources

- oklahomafarmreport.com: https://www.oklahomafarmreport.com/2026/10/09/todd-hubbs-on-grain-markets-basis-levels-and-crop-quality-ahead-of-wasde/

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