NewsSignals AI analysis·Reuters·Nov 4, 2026

Basis bids steady amid little selling

Grade Bbullish AI signal$WHEAT

US hard red winter wheat basis bids remained steady as farmer selling virtually disappeared amid low futures prices and limited available supplies. USDA reported winter wheat planting was 83% complete, slightly behind the five-year average, while only 44% of the crop was rated good to excellent, below the 50% analyst expectation. Limited farmer selling and weaker crop conditions could support wheat prices, although progress toward resolving the Ukraine and Iran conflicts could ease commodity supply disruption concerns.

Bullish strength: 65/100

Farmer selling was virtually nonexistent amid limited excess wheat supplies.
Winter wheat planting was one percentage point behind the five-year average.
Only 44% of the crop was rated good to excellent, below the 50% analyst expectation.
K.C. December HRW wheat futures were 3 cents higher.

Bearish strength: 35/100

Diplomatic efforts to end the Ukraine and Iran wars raised expectations of easing commodity flow disruptions.
Low futures prices continue to discourage farmer selling and weigh on market sentiment.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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