
CHICAGO, Nov 21 (Reuters) - Basis bids for hard red winter wheat were unchanged in the U.S. Plains on Friday in quiet trade, dealers said.
Producers have nearly finished seeding the 2026 winter wheat crop.
Rains forecast for the weekend in the U.S. Plains are expected to improve the crop, an analyst note said.
K.C. March hard red winter wheat KWH25 futures were last up 2-3/4 cents at $5.26-1/2 per bushel.
Basis values are quoted against futures in cts/bu:
Current | Previous | Cash | |||||
basis | basis | price | |||||
KANSAS | |||||||
Wichita | -50 | + | Z | -50 | + | Z | $4.78 |
Newton | -75 | + | Z | -75 | + | Z | $4.53 |
Goodland | -88 | + | Z | -88 | + | Z | $4.40 |
TEXAS | |||||||
Gulf track* | 125 | + | Z | 125 | + | Z | $6.53 |
Galveston | 110 | + | Z | 110 | + | Z | $6.38 |
OKLAHOMA | |||||||
Enid | -30 | + | Z | -30 | + | Z | $4.98 |
Catoosa | -10 | + | Z | -10 | + | Z | $5.18 |
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