US Plains HRW Wheat-Wheat basis steady in quiet trade

CHICAGO, Oct 31 (Reuters) - Basis bids for hard red winter (HRW) wheat were unchanged in the U.S. Plains on Friday as trade was quiet, dealers said.

• Roughly one-third of wheat is too dry in the U.S. Plains. Dryness is expected to expand.

• Farmers are well into planting the 2026 winter wheat crop.

• Wheat futures fell on profit-taking and spillover weakness from soybeans.

• K.C. December hard red winter wheat KWZ25 were last up 5-3/4 cents to $5.56-1/4 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