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

CHICAGO, Oct 21 (Reuters) - Basis bids for hard red winter (HRW) wheat were flat to higher at elevators in the southern U.S. Plains on Tuesday on a day of light selling, according to dealers.

• Protein premiums for wheat shipped to and through Kansas City rose 5 cents for wheat with 11.6% to 12.2% protein content. They rose 11 cents for wheat with 12.4% protein content and 15 cents for wheat with 12.6% and 12.8% protein content. KCBT/SCA

• Dealers in some locations saw a little selling, but said it was too early in the season for most farmers.

• K.C. December hard red winter wheat KWZ25 futures settled down 5 cents on Tuesday at $4.85 per bushel. GRA/

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