US Plains HRW Wheat-Basis bids flat to lower

CHICAGO, Dec 24 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were steady to down at elevators in the southern U.S. Plains on Wednesday.

• Dealers said trade was limited this week ahead of the Christmas holiday.

• The wheat crop in the U.S. Southern Plains is still too dry, according to forecaster Commodity Weather Group.

• Protein premiums were unchanged for all grades of wheat shipped to and through Kansas City. KCBT/SCA

• K.C. March hard red winter wheat futures KWH26 were up 6 cents at $5.34 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