US Plains HRW Wheat-Basis bids steady as farmers focus on planting

CHICAGO, Oct 23 (Reuters) - Basis bids for hard red winter (HRW) wheat were flat in the U.S. Plains on Thursday as farmers focused on planting.

• Selling was minimal.

• Late-week rain is expected to aid wheat in the central & southeast U.S. Plains, but the southwest third of the winter wheat belt is still too dry, according to forecaster Commodity Weather Group.

• K.C. December hard red winter wheat KWZ25 was last up 10-1/2 cents to $4.99 per 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