
CHICAGO, Nov 12 (Reuters) - Basis bids for hard red winter wheat were flat in the U.S. Plains on Wednesday in quiet trade.
A Reuters poll of analysts estimated export sales of wheat for the week ended November 6 at 250,000 to 600,000 metric tons.
The release of export sales data by the USDA has been suspended because of the ongoing U.S. government shutdown.
The USDA report will include the agency's first estimates of U.S. and global crop production and ending stocks since mid-September.
K.C. December hard red winter wheat KWZ25 ended 1-3/4 cents higher at $5.25-1/2 a bushel.
Basis values are quoted against futures in cts/bu:
Current | Previous | Cash | |||||
basis | basis | price | |||||
KANSAS | |||||||
Wichita | -50 | + | Z | -50 | + | Z | $4.76 |
Newton | -75 | + | Z | -75 | + | Z | $4.51 |
Goodland | -88 | + | Z | -88 | + | Z | $4.38 |
TEXAS | |||||||
Gulf track* | 125 | + | Z | 125 | + | Z | $6.51 |
Galveston | 110 | + | Z | 110 | + | Z | $6.36 |
OKLAHOMA | |||||||
Enid | -30 | + | Z | -30 | + | Z | $4.96 |
Catoosa | -15 | + | Z | -15 | + | Z | $5.11 |
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