US Plains HRW Wheat-Basis steady as futures tick down

CHICAGO, Aug 4 (Reuters) - Spot basis bids for hard red winter wheat were steady in a spot check of locations in the southern U.S. Plains on Monday as futures weakened.

• K.C. wheat futures fell as winter wheat harvests advanced around the world.

• The U.S. Department of Agriculture said in a weekly crop progress report that U.S. winter wheat was 86% harvested vs. 80% a week ago.

• K.C. September HRW wheat futures KWU25 ended down 1-3/4 cents at $5.17 a bushel.

• Protein premiums for railcar wheat shipped to and through Kansas City were unchanged for all grades of wheat. 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