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.
February 28, 2025
CBOT March SRW closed at
$5.37/bu
Down 49 cents
KCBT March HRW closed at
$5.58/bu
Down 49 cents
MGEX March HRS traded at
$5.82/bu
Down 51 cents
Basis values were mostly stable in both the PNW and Gulf as futures prices fell again this week. Spring wheat basis off the PNW decreased slightly while HRW basis out of the Gulf strengthened as the market tries to account for a large Food for Progress tender announced Feb. 27. The U.S. soft wheat classes remain unchanged week over week.