# Basis bids flat to higher as futures ease

> U.S. hard red winter wheat basis bids were steady to higher on Monday even as wheat futures fell for a second straight session. USDA data showed winter wheat conditions improving to 49% good to excellent from 44% a week earlier, with planting advancing to 89% from 83%; dryness still affects about half the crop.

- Date: 2026-11-09 · published 2026-11-10T06:05:33.629Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/90997-basis-bids-flat-to-higher-as-futures-ease
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Improving crop conditions and planting progress, alongside expectations for ample global supply, are bearish for wheat prices. Persistent dryness across the Plains crop provides a countervailing supply risk, while steady-to-higher basis bids indicate local cash demand remains firm.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2025-09-18 | [US wheat futures slip after USDA boosts global ending stocks](https://feedsoft.ai/events/22928-us-wheat-futures-slip-after-usda-boosts-global-ending-stocks.md) | -1.8% | -5.4% |
| KWHEAT | 2025-01-06 | [US export figures disappoint - wheat has to cope with](https://feedsoft.ai/events/11499-us-export-figures-disappoint-wheat-has-to-cope-with.md) | +2.4% | +8.7% |
| KWHEAT | 2025-06-26 | [Big global wheat crop expected to pressure prices \| The Western Producer](https://feedsoft.ai/events/24273-big-global-wheat-crop-expected-to-pressure-prices-the-western-producer.md) | -0.3% | +0.8% |
| KWHEAT | 2026-04-09 | [Wheat stocks hit 5-year high as USDA holds export outlook steady](https://feedsoft.ai/events/19666-wheat-stocks-hit-5-year-high-as-usda-holds-export-outlook-steady.md) | +5.1% | +13.5% |
| KWHEAT | 2021-03-18 | [The higher forecast production in the new season lowers the price of wheat old crop](https://feedsoft.ai/events/48191-the-higher-forecast-production-in-the-new-season-lowers-the-price-of-wheat-old.md) | -4.1% | +1.1% |
| WHEAT | 2018-10-11 | [WASDE report pushes corn, soybean futures higher - RealAgriculture](https://feedsoft.ai/events/62482-wasde-report-pushes-corn-soybean-futures-higher-realagriculture.md) | +8.2% | +4.6% |
| WHEAT | 2021-12-10 | [Wheat tightness to ease \| articles \| ING THINK](https://feedsoft.ai/events/43541-wheat-tightness-to-ease-articles-ing-think.md) | -5.9% | -2.6% |
| WHEAT | 2019-04-09 | [Futures mixed after mixed USDA reports](https://feedsoft.ai/events/59544-futures-mixed-after-mixed-usda-reports.md) | -0.5% | -10.8% |

## Sources

- newssignalsai.com: https://newssignalsai.com/news/basis-bids-flat-to-higher-as-futures-ease--WyJ0cmFkaW5ndmlldyIsInRhZzpyZXV0ZXJzLmNvbSwyMDI2Om5ld3NtbF9MMk40NlExOUY6MCJd

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