US Plains HRW Wheat-Wheat basis unchanged in muted trade

CHICAGO, Nov 4 (Reuters) - Basis bids for hard red winter (HRW) were flat in the U.S. Plains on Tuesday as farmers focused on planting the rest of the 2026 winter wheat crop.

• Analysts on average estimated U.S. winter wheat planting as 91% complete, up from last week's average trade estimate of 84%.

• Analysts on average rated 52% of the winter wheat crop in good to excellent condition, although estimates gathered from six analysts varied widely from 41% to 60% good-to-excellent.

• Roughly one-third of the U.S. winter wheat crop is still too dry, an analyst note said.

• K.C. December hard red winter wheat KWZ25 last fell 1/4 cent to $5.31-1/2 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