
CHICAGO, Sept 24 (Reuters) - Basis bids for hard red winter wheat were flat in the U.S. Plains on Wednesday, with rains slowing the trade, according to dealers.
More rain is expected in the southern Plains in the coming weeks, according to forecaster Vaisala.
Farmers are planting the U.S. winter wheat crop that will be harvested next year.
K.C. December hard red winter wheat KWZ25 ended 4-3/4 cents lower at $5.06-3/4 a bushel.
Basis values are quoted against futures in cts/bu:
| Current |
|
| Previous |
|
| Cash |
| basis |
|
| basis |
|
| price |
KANSAS |
|
|
|
|
|
|
|
Wichita | -60 | + | Z | -60 | + | U | $4.47 |
Newton | -85 | + | Z | -85 | + | U | $4.22 |
Goodland | UNQ | + |
| UNQ | + |
| UNQ |
|
|
|
|
|
|
|
|
TEXAS |
|
|
|
|
|
|
|
Gulf track* | 85 | + | Z | 85 | + | U | $5.92 |
Galveston | 100 | + | Z | 100 | + | U | $6.07 |
|
|
|
|
|
|
|
|
OKLAHOMA |
|
|
|
|
|
|
|
Enid | -30 | + | Z | -30 | + | U | $4.77 |
Catoosa | -30 | + | Z | -30 | + | U | $4.77 |
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