US Plains HRW Wheat-Basis bids mostly unchanged as farmer sales remain slow

CHICAGO, Dec 4 (Reuters) - Spot basis bids for hard red winter wheat held mostly steady in the U.S. Plains in slow trading on Thursday as farmer selling remained light, grain merchants said.

• HRW wheat futures on the Chicago Board of Trade edged higher on Thursday after declines in the prior session. The market was capped by ample global supplies.

• Farmer selling has been limited as cash prices remain below recent highs.

• The U.S. Department of Agriculture said net U.S. wheat export sales in the week ended October 30 totaled 505,400 metric tons for shipment in the 2025/26 marketing year, in line with trade estimates for 250,000 to 650,000 tons. The total included 148,400 tons in HRW wheat sales.

• Statistics Canada said the country's all wheat production in 2025 jumped 11.2% to 39.955 million metric tons, above the average trade estimate for 38.49 million tons.

• K.C. March hard red winter wheat KWH26 futures last traded 4-1/2 cents higher at $5.34 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