US Plains HRW Wheat-Basis bids unchanged as futures gain strength
CHICAGO, Feb 20 (Reuters) - Basis bids for hard red winter wheat were flat in a spot check of locations in the Southern U.S. Plains on Friday as futures firmed.
Dryness and winterkill may pose a threat to the U.S. winter wheat crop, which may come out of dormancy soon GRA/
Global wheat supplies could tighten in the 2026/27 season, the International Grains Council said on Thursday.
Protein premiums for wheat shipped by rail to and through Kansas City fell 3 cents for wheat with 12.2% protein. It was unchanged for all other grades of wheat. KCBT/SCA
K.C. March hard red winter wheat KWH26 rose 6-3/4 cents to $5.72-1/4 per bushel.
Basis values are quoted against futures in cts/bu:
| Current |
|
| Previous |
|
| Cash |
| basis |
|
| basis |
|
| price |
KANSAS |
|
|
|
|
|
|
|
Wichita | -57 | + | H | -57 | + | H | $5.15 |
Newton | -82 | + | H | -82 | + | H | $4.90 |
Goodland | -90 | + | H | -90 | + | H | $4.82 |
|
|
|
|
|
|
|
|
TEXAS |
|
|
|
|
|
|
|
Gulf track* | +125 | + | H | +125 | + | H | $6.97 |
Galveston | +100 | + | H | +110 | + | H | $6.72 |
|
|
|
|
|
|
|
|
OKLAHOMA |
|
|
|
|
|
|
|
Enid | -30 | + | H | -30 | + | H | $5.42 |
Catoosa | +15 | + | H | +15 | + | H | $5.87 |
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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