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:
| Current |
|
| Previous |
|
| Cash |
| basis |
|
| basis |
|
| price |
KANSAS |
|
|
|
|
|
|
|
Wichita | -21 | + | H | -21 | + | H | $5.19 |
Newton | -50 | + | H | -50 | + | H | $4.90 |
Goodland | -75 | + | H | -75 | + | H | $4.65 |
|
|
|
|
|
|
|
|
TEXAS |
|
|
|
|
|
|
|
Gulf track* | 125 | + | H | 125 | + | H | $6.65 |
Galveston** | 100 | + | H | 100 | + | H | $6.40 |
|
|
|
|
|
|
|
|
OKLAHOMA |
|
|
|
|
|
|
|
Enid | -25 | + | H | -25 | + | H | $5.15 |
Catoosa | 10 | + | H | 10 | + | H | $5.50 |
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))
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