# Market Offers Soft Red Winter Buying Opportunity - U.S. Wheat Associates

> 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.

- Date: 2020-02-05 · published 2020-02-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/54639-market-offers-soft-red-winter-buying-opportunity-u-s-wheat-associates
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- uswheat.org: https://uswheat.org/wheatletter/market-offers-soft-red-winter-buying-opportunity/

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