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SRW and HRW wheat futures rose sharply between August and mid-October, reaching their highest levels since 2014 and 2018 respectively. Export basis values remain high because elevator capacity at the Gulf and Pacific Northwest is tight from heavy US exports to China.
Tight port capacity and fund buying are keeping US wheat export basis strong, raising the cost of US wheat for feed and export buyers.
northernag.netOct 15, 2020Not enough comparable past events yet for a historical read.
Not 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.
