US Plains HRW Wheat-Basis holds steady; protein premiums firm

CHICAGO, Oct 8 (Reuters) - Basis bids for hard red winter wheat held steady in the southern U.S. Plains on Wednesday while protein premiums firmed for a few grades, typically a reflection of demand from domestic flour millers.

• Cash wheat sales remained slow as K.C. HRW wheat futures hovered near life-of-contract lows.

• Producers have been busy harvesting corn, soybeans and sorghum while planting the 2026 winter wheat crop.

• Protein premiums for railcar HRW wheat to and through Kansas City rose by 11 cents a bushel for wheat with 12.0% protein and by 4 cents for wheat with 12.2% through 12.8% protein. Premiums for other grades were unchanged. KCBT/SCA

• K.C. December hard red winter wheat KWZ25 futures settled up 1-1/4 cents at $4.93-1/4 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