Wheat spot market in the United States: the basis of hard red winter wheat is mostly stable
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: on Wednesday, in the spot market in the plain area of the United States, the base price of hard red winter wheat mostly remained stable, but at the beginning of this week, the base price of wheat fell sharply because of the sharp increase in the sales volume of farmers Wheat spot traders said producers delivered a lot of wheat last week, so processing plants lowered their base price, which fell 6 to 10 cents early in the week However, because the railway transportation is still not smooth and the delivery time is delayed, the wheat price is supported, but the overall trend of wheat spot in the United States is still weak In Kansas, the largest wheat producing area in the United States, the base price of hard red winter wheat rose 1 cent per bushel on Wednesday, but in other areas, the base price was basically stable Exports were quiet on Wednesday, with reports that South Korea plans to bid for 20000 tons of us No 1 wheat
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