# HRW Wheat Basis Well Below Five-Year Average

> The DTN national average HRW wheat basis has stayed well below its five-year average since late June. USDA's November WASDE raised global wheat supplies for 2016-17, and U.S. ending stocks rose to 1.143 billion bushels. Global wheat production is forecast at a record 744.7 million tons.

- Date: 2016-11-21 · published 2016-11-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73892-hrw-wheat-basis-well-below-five-year-average
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Ample world and U.S. wheat supplies keep HRW cash bids weak relative to history, which pressures wheat values for feed buyers.

## Read by commodity

- KWHEAT: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/market-matters-blog/blog-post/2016/11/21/hrw-wheat-basis-five-year-average

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