US Plains HRW Wheat-Basis bids unchanged in muted trade

ReutersFeb 11, 2026 6:03 PM

CHICAGO, Feb 11 (Reuters) - Basis bids for hard red winter wheat were flat in the U.S. Plains on Wednesday as farmers awaited rains expected over the weekend.

Trade has slowed as producers seek to procure fertilizer and apply it ahead of weekend showers so the rain can activate the fertilizer.
The weekend rains are expected to relieve moisture for parts of the U.S. Plains winter wheat crop.
The U.S. Department of Agriculture in Tuesday's monthly supply and demand report raised its forecast of U.S. 2025/26 wheat ending stocks, bucking trade expectations for a reduction.
K.C. March HRW wheat futures KWH26 were last up 1-1/2 cents at $5.30-1/4 per bushel as of 10:30 a.m. CST (1630 GMT).

Basis values are quoted against futures in cts/bu:

	Current			Previous			Cash
	basis			basis			price
KANSAS
Wichita	-57	+	H	-57	+	H	$4.78
Newton	-82	+	H	-82	+	H	$4.53
Goodland	-90	+	H	-90	+	H	$4.45

TEXAS
Gulf track*	125	+	H	125	+	H	$6.60
Galveston	100	+	H	100	+	H	$6.35

OKLAHOMA
Enid	-30	+	H	-30	+	H	$5.05
Catoosa	15	+	H	15	+	H	$5.50

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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