US Plains HRW Wheat-Basis bids unchanged as rain slows harvesting

CHICAGO, June 6 (Reuters) - Spot basis bids for hard red winter (HRW) wheat remained steady in the southern U.S. Plains on Friday as rain impeded early harvesting, grain dealers said.

• Forecasts for continued rainfall could potentially threaten the crop's quality, a broker said.

• The U.S. Department of Agriculture is slated to issue an update on harvest progress in a weekly report on Monday. The nation's winter wheat harvest was 3% complete as of June 1.

• Chicago Board of Trade July K.C. HRW wheat KWN25 futures finished 6-3/4 cents higher at $5.49-1/4 per bushel.

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