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.
April 12, 2024
CBOT May SRW closed at
$5.56/bu
Down 11 cents
KCBT May HRW ended at
$5.90/bu
Up 8 cents
MGE May HRS traded at
$6.43/bu
Down 5 cents
Basis values were steady to lower across U.S. export points this week. The HRS basis was flat in both the Gulf and PNW. Exporting companies tell U.S. Wheat Associates (USW) that very little grain is moving out of storage in the current market environment. HRW basis was down in the Gulf and PNW weighed by low demand. SRW basis was down, and SW prices remained steady as cash values reach parity.