US Plains HRW Wheat-Basis bids remain steady, farmers plant next crop

CHICAGO, Sept 29 (Reuters) - Basis bids for hard red winter wheat were unchanged at elevators in the southern U.S. Plains on Monday, dealers said, as plantings picked up speed.

• Farmers were focused on harvesting corn and planting wheat that will be harvested next spring.

• Warm and dry weather was expected to favor HRW wheat plantings and germination this week, weather forecaster Vaisala said.

• The U.S. Department of Agriculture was slated to issue an update on winter wheat planting and corn harvesting in a weekly progress report due at 3 p.m. CDT (2000 GMT).

• K.C. December hard red winter wheat KWZ25 was up 3-1/2 cents at $5.09 a bushel by 11:45 a.m. CDT.

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