US Plains HRW Wheat-Wheat basis steady in quiet trade
CHICAGO, Nov 3 (Reuters) - Basis bids for hard red winter (HRW) were flat in the U.S. Plains on Monday as dealers noted quiet trade.
Planting for the 2026 winter wheat crop is nearly complete.
Roughly one-third of the U.S. winter wheat crop is too dry.
K.C. December hard red winter wheat KWZ25 last rose 7-1/4 cents to $5.31-3/4 per bushel.
Basis values are quoted against futures in cts/bu:
| Current |
|
| Previous |
|
| Cash |
| basis |
|
| basis |
|
| price |
KANSAS |
|
|
|
|
|
|
|
Wichita | -50 | + | Z | -50 | + | Z | $4.82 |
Newton | -75 | + | Z | -75 | + | Z | $4.57 |
Goodland | -88 | + | Z | -88 | + | Z | $4.44 |
|
|
|
|
|
|
|
|
TEXAS |
|
|
|
|
|
|
|
Gulf track* | 115 | + | Z | 115 | + | Z | $6.47 |
Galveston | 110 | + | Z | 110 | + | Z | $6.42 |
|
|
|
|
|
|
|
|
OKLAHOMA |
|
|
|
|
|
|
|
Enid | -30 | + | Z | -30 | + | Z | $5.02 |
Catoosa | -15 | + | Z | -15 | + | Z | $5.17 |
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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