Every Friday, U.S. Wheat Associates (USW) compiles information from market sources, including U.S. wheat exporters of all classes from U.S. export ports. The price indications 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. Actual offers will vary depending on contract specifications, loading terms and other contract terms and conditions. Please contact your export supplier for offers. Subscribe to the USW Price Report to receive it via email every Friday.
April 26, 2024
CBOT May SRW closed at
$6.03/bu
Up 53 cents
KCBT May HRW ended at
$6.46/bu
Up 65 cents
MGE May HRS traded at
$6.97/bu
Up 50 cents
Basis values finished the week mixed after the recent U.S. wheat price surge. HRS basis was down in the Gulf and flat in the PNW, while HRW basis was flat in the Gulf and down in the PNW. The rally sparked HRW and HRS farmer sales, which brought more market liquidity and put pressure on basis values. However, the tight export capacity in the near term balanced out the decline. SRW basis remained flat will soft wheat prices increased following recent demand.