Cash basis remain firm in HRW & SRW despite the expansion of harvest. Despite 85 ct/bu break in futures in the past week, US wheat still isn’t completive & exporters are not seeing many queries from buyers. We have narrowed the gap against other origins but we’re still $$15-$20+/mt away from being competitive. Black Sea wheat values have broken $14-$18/mt but KWN8 futures have broken $30+/mt but the basis has rallied $5+/mt.

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Cash Values