US Plains HRW Wheat-Basis bids flat to weaker ahead of holiday

CHICAGO, Dec 23 (Reuters) - Spot basis bids for hard red winter (HRW) wheat stayed flat or lower at elevators in the southern U.S. Plains on Tuesday, according to dealers.

• Dealers said trade was very slow with the Christmas holiday approaching.

• Dry weather continued for Southern Plains wheat, according to Commodity Weather Group.

• Protein premiums fell for wheat with 11.0% to 11.8% protein and for wheat with 13.8% and 14.0% protein on Tuesday, and were unchanged for all other grades. KCBT/SCA

• K.C. March hard red winter wheat futures KWH26 were up 6-3/4 cents at $5.28 a 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