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.
May 17, 2024
CBOT July SRW closed at
$6.51/bu
Down 12 cents
KCBT July HRW ended at
$6.62/bu
Down 12 cents
MGE July HRS traded at
$7.12/bu
Down 9 cents
Basis decreased for all classes and export points this week, in response to the rise in wheat futures prices seen over the past four weeks. Exporters say they have been able to buy more wheat out of storage but that basis levels must decrease to stimulate export demand.