# U.S. Wheat Export Prices Firm on Higher Futures Prices and Export Basis Values - U.S. Wheat Associates

> US Wheat Associates reports that SRW and HRW futures rose sharply from September to early October, with HRS also higher. Export basis values are sustained by tight Gulf and PNW elevation capacity caused by heavy US agricultural exports to China.

- Date: 2020-10-15 · published 2020-10-15T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/50680-u-s-wheat-export-prices-firm-on-higher-futures-prices-and-export-basis-values-u
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tight export logistics and high basis keep US wheat export offers expensive, supporting wheat feed-alternative prices.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2020-12-10 | [U.S. Wheat Export Basis to Remain High Until March 2021 - U.S. Wheat Associates](https://feedsoft.ai/events/49692-u-s-wheat-export-basis-to-remain-high-until-march-2021-u-s-wheat-associates.md) | +2.0% | +8.1% |
| KWHEAT | 2020-06-24 | [Limited Elevation Capacity Supports Gulf Wheat Export Basis - U.S. Wheat Associates](https://feedsoft.ai/events/52645-limited-elevation-capacity-supports-gulf-wheat-export-basis-u-s-wheat-associates.md) | +0.1% | +3.1% |
| KWHEAT | 2020-09-02 | [Secondary Rail Rates, Tight Elevation Capacity Continue to Support Wheat Export Prices - U.S. Wheat Associates](https://feedsoft.ai/events/51171-secondary-rail-rates-tight-elevation-capacity-continue-to-support-wheat-export.md) | -2.1% | +5.4% |
| KWHEAT | 2022-03-09 | [Explainer: India's wheat exports surge as world prices soar \| Reuters](https://feedsoft.ai/events/42246-explainer-india-s-wheat-exports-surge-as-world-prices-soar-reuters.md) | -2.4% | -8.7% |
| KWHEAT | 2023-01-31 | [Wheat prices on world exchanges have risen, and in Ukraine they are pressured by the delay in the approach of the courts](https://feedsoft.ai/events/37826-wheat-prices-on-world-exchanges-have-risen-and-in-ukraine-they-are-pressured-by.md) | +0.3% | -6.6% |
| WHEAT | 2020-12-10 | [U.S. Wheat Export Basis to Remain High Until March 2021 - U.S. Wheat Associates](https://feedsoft.ai/events/49692-u-s-wheat-export-basis-to-remain-high-until-march-2021-u-s-wheat-associates.md) | -1.5% | +4.0% |
| WHEAT | 2020-06-24 | [Limited Elevation Capacity Supports Gulf Wheat Export Basis - U.S. Wheat Associates](https://feedsoft.ai/events/52645-limited-elevation-capacity-supports-gulf-wheat-export-basis-u-s-wheat-associates.md) | +0.3% | -5.4% |
| WHEAT | 2020-09-02 | [Secondary Rail Rates, Tight Elevation Capacity Continue to Support Wheat Export Prices - U.S. Wheat Associates](https://feedsoft.ai/events/51171-secondary-rail-rates-tight-elevation-capacity-continue-to-support-wheat-export.md) | +9.4% | +15.3% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/u-s-wheat-export-prices-firm-on-higher-futures-prices-and-export-basis-values/

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