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.
November 15, 2024
CBOT December SRW closed at
$5.37/bu
Down 36 cents
KCBT December HRW closed at
$5.40/bu
Down 24 cents
MGE December HRS traded at
$5.72/bu
Down 25 cents
Basis levels were flat to lower this week. HRS basis inched lower in the Gulf and stayed flat in the PNW. HRS continues to struggle with competitiveness, but trade sources indicate logistics performance is adequate and secondary rail freight markets have weakened from October’s elevated levels. HRW basis was flat in the Gulf and has dropped sharply in the PNW to remain competitive with other origins. SRW basis was steady, while SW prices decreased.