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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

Combination bar and line chart comparing U.S. and Canadian basis for wheat with the basis spread between June 2022 and April 2023.

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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