
CHICAGO, Nov 10 (Reuters) - Basis bids remained steady for hard red winter wheat at grain elevators in the southern U.S. Plains on Monday as futures rose.
K.C. December hard red winter wheat KWZ25 ended up 7-3/4 cents at $5.27 a bushel.
Forecaster Commodity Weather Group showed drier weather in the southern U.S. Plains in the next 1-5 days.
Rains have slowed wheat plantings in Kansas, and some farmers estimated that plantings will be the same or lower than last year, according to producers' group Kansas Wheat.
The U.S. Department of Agriculture has stopped publishing weekly crop progress data during the federal government's shutdown, pausing updates for winter wheat planting progress and crop conditions.
Basis values are quoted against futures in cts/bu:
| Current |
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| Previous |
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| Cash |
| basis |
|
| basis |
|
| price |
KANSAS |
|
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|
Wichita | -50 | + | Z | -50 | + | Z | $4.77 |
Newton | -75 | + | Z | -75 | + | Z | $4.52 |
Goodland | -88 | + | Z | -88 | + | Z | $4.39 |
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|
TEXAS |
|
|
|
|
|
|
|
Gulf track* | +125 | + | Z | +125 | + | Z | $6.52 |
Galveston | +110 | + | Z | +110 | + | Z | $6.37 |
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|
OKLAHOMA |
|
|
|
|
|
|
|
Enid | -20 | + | Z | -20 | + | Z | $5.07 |
Catoosa | -15 | + | Z | -15 | + | Z | $5.12 |
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