US Plains HRW Wheat-Basis bids flat on an active day for farmer selling

CHICAGO, Jan 17 (Reuters) - Basis bids for hard red winter wheat were unchanged in a spot check of locations in the U.S. Plains on Friday with busy farmer selling, according to dealers.

Merchants said farmers continued to be engaged after a week of trade picking up steam as futures rose.

The Chicago Board of Trade K.C. March wheat contract KWH25 ticked up 2-1/2 cents at $5.40 per bushel at 12:18 p.m. CST (1818 GMT).

A lack of snow cover may allow some winterkill for wheat in the U.S. Plains next week, according to Maxar.

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 Kirsten Donovan)

((renee.hickman@thomsonreuters.com))