High basis on PNW soft wheat
We're +1.69 to the CBOT. One variety of soft white wheat is now $3 above that. In fact, it's now the highest priced wheat in the country. Higher than HRS not counting possible premiums.
Now that the glopbal ending wheat inventroy is barely more than the 5 year average - and quality around the globe is fairly substandard, I don't see this ship going down.