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Palouser
Senior Advisor

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.

 

 

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2 Replies
elcheapo
Veteran Advisor

Re: High basis on PNW soft wheat

Don't you read the market information,
There is plenty of wheat!

:-)
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Hobbyfarmer
Honored Advisor

Re: High basis on PNW soft wheat

Yep and most of it is only suitable for use in a heating stove or as cattle feed.

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