U.S. Wheat Export Basis will Remain High Until March 2021
Significantly greater Chinese demand for U.S. agricultural products limited export elevation availability, causing an increase in wheat export basis values for October 2020 through February 2021 deliveries. However, the anticipation of seasonally reduced Chinese demand for U.S. agricultural goods could pressure U.S. wheat export basis levels for March 2021 and forward delivery periods. The United […]
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