Despite quality concerns with the late-harvested spring wheat crop, U.S. Wheat Associates says the United States is prepared to meet international demand in the new marketing year. In addition to quality issues, farmer selling has been minimal. In a report from U.S. Wheat Associates market analyst Claire Hutchins, the lack of farmer selling has resulted in higher export basis at the Gulf and Pacific Northwest. Those export prices are expected to increase until local cash prices rise enough to encourage farmers to sell wheat.
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