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Export basis for U.S. spring wheat were as much as $60 per metric ton higher than for similar Canadian wheat in late 2022

  • by Christine Sauer and Claire Hutchins
  • 9/13/2023
  • International Markets & U.S. Trade
Combination bar and line chart comparing U.S. and Canadian basis for wheat with the basis spread between June 2022 and April 2023.

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Recent U.S. rail transportation problems have made it costlier and more difficult to get wheat to ports for export overseas or to neighboring trade partners such as Mexico.

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