US Plains HRW Wheat-Farmers delay sales while waiting for rain

ReutersApr 16, 2025 6:10 PM

CHICAGO, April 16 (Reuters) - Spot basis bids for hard red winter (HRW) wheat remained mostly steady in the southern U.S. Plains on Wednesday as farmer selling was minimal, dealers said.

Farmers are holding off on booking advance sales of the upcoming harvest because of uncertainty over whether rains will arrive to ease harmful dryness, dealers said.

Warm, dry conditions were further reducing soil moisture in the Plains on Wednesday, according to a daily U.S. Department of Agriculture weather report. Rains are expected this weekend in the region.

K.C. May hard red winter wheat futures KWK25 were up 6 cents at $5.59 a bushel by 12:55 p.m. CDT (1755 GMT).

Basis values are quoted against futures in cts/bu:

	Current			Previous			Cash
	basis			basis			price
KANSAS
Wichita	-36	+	K	-36	+	K	$5.23
Newton	-65	+	K	-65	+	K	$4.94
Goodland	-82	+	K	-82	+	K	$4.77

TEXAS
Gulf track*	+100	+	K	+100	+	K	$6.59
Galveston	+100	+	K	+100	+	K	$6.59

OKLAHOMA
Enid	-40	+	K	-45	+	K	$5.19
Catoosa	+15	+	K	+15	+	K	$5.74

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. FOB Gulf Grain GRA/F

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