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Spot basis bids for hard red winter wheat were steady in the Southern U.S. Plains on Wednesday as futures weakened.Basis values are quoted against futures in cts/bu:NOTES:H = March, K = May, N = July, U = SeptemberZ = December; UNQ = Unquoted bids0 = Spot Option price; NC = No comparison* = No. 1 1…
10-Year T-Note futures traded slightly lower, settling near the middle of the month’s 108-to-109 range as rolling moved from September to December.
2-Year T-Note futures advanced for a third consecutive session to reach a one-week high as Treasury yields fell across the curve. The upward momentum in bond prices was supported by declining crude oil prices and weaker-than-expected consumer confidence data, which helped ease inflationary concerns. Market participants