US Plains HRW Wheat-Basis bids flat as forecast warms in the Plains
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Basis bids for hard red winter wheat in the U.S. Plains remained steady following severe winter weather, with snow cover protecting crops from winterkill. Warmer weather is expected next week, although there are concerns about winterkill risks for Black Sea wheat. The rising dollar is impacting U.S. exports, leading to pressure on commodities. K.C. March HRW wheat futures traded flat at $5.35 per bushel. Current basis values show slight variations across different locations in Kansas, Texas, and Oklahoma.
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