US Plains HRW Wheat-Basis bids steady, protein premiums firm

CHICAGO, Oct 10 (Reuters) - Basis bids for hard red winter (HRW) wheat held steady at elevators in the southern U.S. Plains on Friday after firming at a few locations a day earlier, as sagging futures prices and ongoing fieldwork continued to discourage farmer selling, dealers said.

• Protein premiums for railcar HRW wheat to and through Kansas City rose by 5 cents a bushel for "ordinary" wheat with less than 11.0% protein, by 9 cents for wheat with 11.0% protein, and by 3 cents for wheat with 11.2% through 11.8% protein. Premiums for higher grades of wheat were unchanged. KCBT/SCA

• An uptick in premiums this week reflected demand for certain wheat grades from domestic flour millers at a time when farmers were reluctant sellers.

• K.C. hard red wheat futures 0#KW: and CBOT soft wheat futures 0#W: set contract lows across the board, pressured by ample global grain supplies and a selloff in CBOT soybeans tied to escalating U.S.-China trade tensions. GRA/

• K.C. December hard red winter wheat KWZ25 futures settled down 6-3/4 cents at $4.83 per bushel after posting a contract low at $4.80-3/4.

• Plains farmers remain busy with harvesting corn, soybeans and sorghum while planting the 2026 winter wheat crop.

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