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Senior Advisor

West Coast Soft Wheat $1+ basis

That's a healthy spread. Just keeps ratcheting over time. I don't expect the basis to be reduced significantly for the rest of the marketing year until near harvest. I'm traveling so it's hard for me to get close to wireless so I haven't checked SRW but I expect it's similar for export.

 

Been meeting rabbis on mountain hill tops and scaring Indian ponies. Basically staying in the back country. Saw big elk in the desert in NM. Always something new.

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Honored Advisor

Re: West Coast Soft Wheat $1+ basis

I was told the same for HRW this last week, we are in the -20 to -40 range which is pretty strong for us.  Was told it will remain strong through harvest.

 

Lots of good stuff in NM----------------------------- 

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