# Strong Bullish Run for Wheat Prices Continues - Northern Ag Network

> 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.

- Date: 2020-10-15 · published 2020-10-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50676-strong-bullish-run-for-wheat-prices-continues-northern-ag-network
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Tight port capacity and fund buying are keeping US wheat export basis strong, raising the cost of US wheat for feed and export buyers.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Sources

- northernag.net: https://www.northernag.net/strong-bullish-run-for-wheat-prices-continues/

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