Kansas City 12.5% Wheat Basis

Data: gold/kansas_city_wheat_12_5_basis.parquet, gold/minneapolis_hrs_14_basis.parquet, gold/kansas_city_hrs_cash_spread.parquet, gold/mexico_wheat_ratio_vs_cash_spread.parquet, gold/hrw_q1_feed_residual_base_model.parquet, gold/hrw_q1_feed_residual_spread_model.parquet

Estimated 12.5% protein HRW basis, calculated as the midpoint of the daily 12.4% and 12.6% published bid ranges.

HRS 14% Protein Delivered Chicago

US #1 Milling NS/DNS basis over MGEX futures.

HRS 14% vs KC 12.5% Flat Price

HRS delivered Chicago cash price minus Kansas City HRW cash price on matched report dates. Both prices include their respective nearby futures component.

Mexico HRS/HRW Exports vs Flat-Price Spread

June-August average HRS minus KC flat-price spread versus the following September-November HRS/HRW export ratio. Each point is one calendar year.

HRW Q1 Feed and Residual Base Model

Official ERS Q1 (June-August) HRW feed and residual versus crop-year HRW production, using crop years 2021 onward.

HRW Base-Model Error vs Flat-Price Spread

Leave-one-out base-model error (actual minus predicted) versus the June-August HRS-minus-KC flat-price spread.