US Plains HRW Wheat-Cash basis steady to lower as futures fall

CHICAGO, Sept 17 (Reuters) - Basis bids for hard red winter (HRW) wheat were steady to lower in a spot check of grain elevators in the southern U.S. Plains on Wednesday as futures dipped.

• Wheat futures followed corn and soybean futures lower on the Chicago Board of Trade with rains in the southern U.S. Plains adding to bearish sentiment.

• Moisture in the U.S. Plains remains mostly favorable for early winter wheat germination, according to Commodity Weather Group.

• December hard red winter wheat KWZ25 ended down 7-1/4 cents at $5.16-1/4 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