US Plains HRW Wheat-Basis bids unchanged in quiet trade

CHICAGO, Jan 6 (Reuters) - Basis bids for hard red winter wheat were flat in the U.S. Plains on Tuesday as selling and demand remained sluggish, dealers said.

• The U.S. Department of Agriculture is scheduled on January 12 to release its first estimate of how much winter wheat was planted by U.S. farmers for harvest in 2026.

• Dry conditions in the U.S. Plains and rising tensions in the Black Sea export region supported prices under pressure from ample global supplies.

• Traders also kept a close watch on the Black Sea export corridor. On Monday, Russia launched five missile strikes on Ukraine's Kharkiv, damaging energy infrastructure, and attacked an enterprise owned by U.S. agricultural producer Bunge BG.N in the southeastern city of Dnipro, Ukrainian officials said.

• K.C. HRW wheat futures March contract KWH26 was last up 3-3/4 cents to $5.24-1/2 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