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.
March 15, 2024
CBOT May SRW closed at
$5.29/bu
Down 9 cents
KCBT May HRW ended at
$5.66/bu
Down 23 cents
MGE May HRS traded at
$6.47/bu
Down 16 cents
Basis values declined across the board this week. HRS and HRW basis levels decreased in the Gulf and the PNW on slow demand. SRW basis weakened in response to contract cancellation earlier in the week, while SW prices decreased to remain in line with competing origins and CBOT futures.