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.
September 22, 2023
CBOT December SRW closed at
$5.80/bu
Up 25 cents
KCBT December HRW ended at
$7.11/bu
Up 35 cents
MGE December HRS traded at
$7.71/bu
Up 19 cents
Basis levels ended the week mixed. HRS basis was up in both the Gulf and the Pacific Northwest (PNW) following the completion of the HRS harvest. Meanwhile, HRW basis was flat in the Gulf and up in the PNW, narrowing the spread between PNW and Gulf HRW. SRW basis remained flat while SW prices increased, supported by steady demand. Low water levels on the Mississippi River also lent support to SRW basis.