A marketing analyst says she expects winter wheat basis to tighten later this year because of limited planted acres.
Angie Setzer, co-founder of the grain marketing firm Consus, tells Brownfield large stocks will likely help offset the estimated six percent decline in plantings.
“Wheat on hand was up pretty substantially versus a year ago, about 12 million bushels more, which doesn’t sound like a lot, but it’s a whole mill worth of additional demand basically,” she says.