US Plains HRW Wheat-Basis bids unchanged, dry weather persists

CHICAGO, Jan 14 (Reuters) - Basis bids for hard red winter (HRW) wheat were mostly unchanged at grain elevators in the southern U.S. Plains on Wednesday, dealers said.

• Weather conditions were expected to remain dry in the Plains wheat belt in February and March, according to a forecast from Vaisala. Continued drier weather would maintain low moisture for winter wheat, the firm said.

• The U.S. Department of Agriculture, in a monthly report on Monday, estimated U.S. hard red winter wheat ending stocks for 2025/26 at 450 million bushels. That was up from its December estimate of 426 million and from 402 million in the previous year.

• K.C. March HRW wheat futures KWH26 ended 2-3/4 cents higher at $5.22-1/4 per bushel after dropping earlier to the lowest level since January 5.

• Protein premiums for railcar HRW wheat to and through Kansas City were steady on Tuesday, according to the latest data. KCBT/SCA

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