Every Friday, U.S. Wheat Associates (USW) compiles information from market sources, including U.S. wheat exporters of all classes from various U.S. ports. The prices represent the value of grade number two or better and the proteins indicated. These prices are not intended to represent offers nor should importers of U.S. wheat rely upon them as such. Subscribe to this report to receive it via email every Friday.
July 23 2021 Price Report
CBOT September SRW closed at
$6.84/bu
down 8 cents
KCBT September HRW ended at
$6.46/bu
down 5 cents
MGE September HRS traded at
$8.83/bu
down 34 cents
Basis was mixed in the Gulf and up in the PNW as dry conditions continued to stress both the HRS and soft white (SW) crops. Basis prices for October and November delivery are higher due to tighter export capacity as wheat shipments compete for space with other commodities. Farmers in the PNW are busy with harvest and slow to sell grain forcing traders to raise their offer prices. Positive harvest momentum and strong yields in the Southern Plains has made HRW the most affordable wheat class in the U.S. causing basis prices from Gulf origins to go down while ongoing drought in Montana has strengthened basis from the PNW as exporters there will need to bring grain from further away.
Price Reports
