US Plains HRW Wheat-Basis flat, beneficial rains in forecast

CHICAGO, Nov 20 (Reuters) - Basis bids for hard red winter wheat were flat in the U.S. Plains on Thursday as futures ticked lower.

• Producers have nearly finished seeding the 2026 winter wheat crop and were waiting for rains in the southern Plains late this week that should help boost early growth.

• The U.S. Department of Agriculture confirmed private sales of 132,000 metric tons of U.S. white wheat to China for delivery in the 2025/26 marketing year that began June 1.

• Separately, the USDA reported export sales of U.S. wheat for the week ended October 2 at 887,900 metric tons, topping a range of trade expectations for 350,000 to 600,000 tons.

• K.C. March hard red winter wheat KWH25 futures settled down 8 cents at $5.23-3/4 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