US Plains HRW Wheat-Basis flat to lower

CHICAGO, Aug 12 (Reuters) - Spot basis bids for hard red winter wheat were steady to down in a spot check of locations in the southern U.S. Plains on Tuesday as futures eased.

• Dealers said selling by farmers had been minimal.

• Protein premiums for railcar wheat shipped to and through Kansas City gained 1 cent for wheat with 12% to 12.2% protein content. It was unchanged for all other grades of wheat. KCBT/SCA

• In a monthly report, the U.S. Department of Agriculture cut its 2025/26 U.S. wheat ending stocks outlook to 869 million bushels, down from 890 million a month ago and below the average analyst estimate for 882 million bushels.

• The USDA also projected all U.S. wheat production this year at 1.927 billion bushels, slightly above analysts' average estimate. The winter crop was also above expectations at 1.355 billion bushels.

• K.C. September hard red winter wheat KWU25 settled 8-1/4 cents lower at $5.10-3/4 a 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