US Plains HRW Wheat-Spot basis bids flat to higher as farmer selling picks up

CHICAGO, May 16 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were steady to higher in a spot check of facilities around the southern U.S. Plains on Friday with farmer selling increasing slightly in some locations, according to dealers.

• CBOT July K.C. HRW wheat KWN25 futures settled down 11-3/4 cents at $5.16-1/2 a bushel.

• Warmer drier weather in the south central Plains is expected to maintain low moisture for late heading winter wheat in the coming weeks, according to forecaster Vaisala.

• Protein premiums for railcar wheat to and through Kansas City rose 8 cents a bushel for wheat with 13.4 percent protein and gained 13 cents for wheat with 13.6 percent protein. They were unchanged for other grades.KCBT/SCA

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. FOB Gulf Grain GRA/F