US Plains HRW Wheat-Basis bids steady as futures bounce

CHICAGO, Oct 27 (Reuters) - Basis bids for hard red winter (HRW) wheat were unchanged in the U.S. Plains on Monday as futures gained support from optimism over upcoming U.S.-China trade talks.

• Roughly one-third of U.S. wheat has remained too dry, an analyst note said.

• Farmers have shied away from selling as focus remains on planting.

• Analysts expect most of the hard red winter wheat crop has been planted.

• K.C. December hard red winter wheat KWZ25 was last up 16-1/2 cents to $5.18 per bushel.

Basis values are quoted against futures in cts/bu:

e 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