US Plains HRW Wheat-Basis remains stable, traders eye US weather

CHICAGO, Jan 13 (Reuters) - Basis bids for hard red winter (HRW) wheat were steady to lower on Tuesday at grain elevators in the southern U.S. Plains, dealers said.

• Traders kept an eye on unfavorable dry weather in the region.

• A drier pattern was expected over the next 10 days in the Plains, Commodity Weather Group said.

• The U.S. Department of Agriculture on Monday said U.S. farmers planted less winter wheat for harvest in 2026 than in 2025, though the agency's estimate was above analysts' expectations.

• HRW wheat plantings were little changed from the previous year, according to the USDA.

• K.C. March HRW wheat futures KWH26 closed down 7-1/4 cents at $5.19-1/2 per bushel and hit a one-week low.

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