# Limited Elevation Capacity Supports Gulf Wheat Export Basis - U.S. Wheat Associates

> Gulf wheat export basis rose about 6-7% between June 12 and June 19, with HRS, HRW and SRW basis reaching $1.75, $1.65 and $0.75 per bushel. The increase reflects limited Center Gulf elevation capacity as soybean and corn export demand surges.

- Date: 2020-06-24 · published 2020-06-24T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/52645-limited-elevation-capacity-supports-gulf-wheat-export-basis-u-s-wheat-associates
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Crowded Gulf export elevators lift nearby wheat basis and compete for capacity with soybeans and corn, raising the cost of moving grain to export for buyers.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 2020-10-15 | [U.S. Wheat Export Prices Firm on Higher Futures Prices and Export Basis Values - U.S. Wheat Associates](https://feedsoft.ai/events/50680-u-s-wheat-export-prices-firm-on-higher-futures-prices-and-export-basis-values-u.md) | +1.9% | -0.2% |
| WHEAT | 2026-10-09 | [As Black Sea routes stall, Russian Baltic ports ramp up grain capacity by 170 per cent \| World Ports Organization](https://feedsoft.ai/events/14079-as-black-sea-routes-stall-russian-baltic-ports-ramp-up-grain-capacity-by-170.md) | +4.0% | +4.0% |
| WHEAT | 2026-03-01 | [Logistics disruptions keep Ukraine wheat exports at low levels, union says](https://feedsoft.ai/events/14138-logistics-disruptions-keep-ukraine-wheat-exports-at-low-levels-union-says.md) | +1.6% | +0.1% |
| SOY | 2020-02-13 | [Mississippi River project approved, more corn and soybean export capacity expected](https://feedsoft.ai/events/54495-mississippi-river-project-approved-more-corn-and-soybean-export-capacity.md) | +0.0% | -4.2% |
| SOY | 2025-12-04 | [Mississippi River Crisis Threatens U.S. Grain Exports and Farm Logistics - Agrolatam](https://feedsoft.ai/events/16404-mississippi-river-crisis-threatens-u-s-grain-exports-and-farm-logistics.md) | -2.2% | -7.7% |
| SOY | 2019-06-04 | [Strike halts grain exports in Argentina - U.S. Identity Preserved Alliance](https://feedsoft.ai/events/58440-strike-halts-grain-exports-in-argentina-u-s-identity-preserved-alliance.md) | -2.3% | +0.7% |

## Sources

- spotonnebraska.com: https://spotonnebraska.com/prairie-lakes/618697/limited-elevation-capacity.html
- uswheat.org: https://uswheat.org/wheatletter/limited-elevation-capacity-supports-gulf-wheat-export-basis/

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