US Plains HRW Wheat-Basis bids flat as futures weaken

CHICAGO, Dec 24 (Reuters) - Spot basis bids for hard red winter wheat remained flat Tuesday in the U.S. southern Plains, with little trade prior to the Christmas holiday.

K.C. HRW March wheat futures KWH25 were down 7-1/4 cents at $5.43-3/4 a bushel at 11:10 p.m. CST (1710 GMT).

Dealers said trade was quiet and farmer selling is expected to remain modest into the new year.

Basis values are quoted against futures in cts/bu:

NOTES:

H = March, K = May, N = July, U = September

Z = December; UNQ = Unquoted bids

0 = Sp Option price; NC = No comparison

= No. 1 12% hard winter wheat, rail bids

= Ordinary protein, rail bids

LINKS:

K.C. HRW wheat protein scales KCBT/SCA

U.S. weekly wheat crop progress US/WHE

U.S. forward basis WHEAT/BASIS

U.S. Midwest cash grain PM GRA/PM

U.S. CIF Gulf Grain GRA/C

U.S. FOB Gulf Grain GRA/F

(Reporting by Renee Hickman; Editing by Aurora Ellis)

((renee.hickman@thomsonreuters.com))