US Plains HRW Wheat-Basis bids steady as futures bounce
CHICAGO, Oct 28 (Reuters) - Basis bids for hard red winter (HRW) wheat were unchanged in the U.S. Plains on Tuesday as futures bounced and wheat planting carried on.
Farmers continue to plant the U.S. winter wheat crop that will be harvested in 2026.
Analysts on average estimated winter wheat planting as 84% complete, up from last week's average trade estimate of 75%, according to a Reuters poll of 10 analysts.
K.C. December hard red winter wheat KWZ25 rose 5-3/4 cents to settle at $5.20 a bushel.
Basis values are quoted against futures in cts/bu:
| Current |
|
| Previous |
|
| Cash |
| basis |
|
| basis |
|
| price |
KANSAS |
|
|
|
|
|
|
|
Wichita | -50 | + | Z | -50 | + | Z | $4.71 |
Newton | -75 | + | Z | -75 | + | Z | $4.46 |
Goodland | -88 | + | Z | -88 | + | Z | $4.33 |
|
|
|
|
|
|
|
|
TEXAS |
|
|
|
|
|
|
|
Gulf track* | 100 | + | Z | 100 | + | Z | $6.21 |
Galveston | 100 | + | Z | 100 | + | Z | $6.21 |
|
|
|
|
|
|
|
|
OKLAHOMA |
|
|
|
|
|
|
|
Enid | -30 | + | Z | -30 | + | Z | $4.91 |
Catoosa | -15 | + | Z | -15 | + | Z | $5.06 |
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
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