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.
July 12, 2024
CBOT September SRW closed at
$5.51/bu
Down 40 cents
KCBT September HRW ended at
$5.68/bu
Down 31 cents
MGE September HRS traded at
$5.98/bu
Down 36 cents
Basis levels were steady to higher across all classes and export points this week, increasing from seasonal lows. HRS basis was higher in the Gulf and flat in the PNW, while HRW basis increased in the Gulf and PNW as harvest continues throughout the plains. SRW basis remained flat, while SW price decreased. As harvest continues more information on protein premiums/discounts will become available.