US Plains HRW Wheat-Basis bids flat in quiet trade

ReutersJan 16, 2026 11:17 PM

CHICAGO, Jan 16 (Reuters) - Basis bids for hard red winter (HRW) wheat were steady at elevators in the U.S. Plains on Friday amid slow selling, dealers reported.

Drought eased over the past week in the Plains, according to U.S. Drought Monitor data.
In Kansas, about 15% of the state was experiencing abnormally dry conditions as of January 13, down from about 32% a week earlier, the data show. Dryness was affecting 7% of the state's winter wheat crop, down from 13% a week ago.
Snowfall in southern Russia has not damaged winter crops, all of which remain in good condition, the country's agriculture minister was quoted as saying by the RIA news agency.
U.S. markets and most government offices will be closed on Monday in observance of the Martin Luther King Jr. federal holiday.
K.C. March HRW wheat futures KWH26 ended up 10 cents on Friday at $5.27-1/4 a bushel.

Basis values are quoted against futures in cts/bu:

	Current			Previous			Cash
	basis			basis			price
KANSAS
Wichita	-60	+	H	-60	+	H	$4.67
Newton	-85	+	H	-85	+	H	$4.42
Goodland	-90	+	H	-90	+	H	$4.37

TEXAS
Gulf track*	125	+	H	125	+	H	$6.52
Galveston	100	+	H	100	+	H	$6.27

OKLAHOMA
Enid	-40	+	H	-40	+	H	$4.87
Catoosa	5	+	H	5	+	H	$5.32

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

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