US Plains HRW Wheat-Basis bids steady amid quiet selling

CHICAGO, Oct 29 (Reuters) - Basis bids for hard red winter (HRW) wheat were flat in the U.S. Plains on Wednesday as farmer selling and purchases were both slow, dealers said.

• Farmers are focused on planting the 2026 winter wheat crop.

• 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.

• Dryness in the U.S. Plains is expected to increase, an analyst note said.

• K.C. December hard red winter wheat KWZ25 rose 2-1/2 cents to settle at $5.22-1/2 a 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