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Soft red winter export prices dipped after January 24, 2020, with export basis falling 7% to $1.30/bu, the lowest since early December. SRW FOB values fell from $262/MT to $251/MT in the week to January 31.
Lower SRW export values create a buying window for importers, though analysts expect basis to stay firm through 2019/20 given tight exportable supplies and reduced planted area.
uswheat.orgFeb 5, 2020Not 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.
