US Plains HRW Wheat-Basis bids unchanged, protein premiums rise

CHICAGO, Feb 25 (Reuters) - Basis bids for hard red winter wheat were steady in a spot check of locations in the U.S. Plains on Wednesday, as futures fell.

• An active rain pattern by late next week should provide some relief to U.S. Plains and Midwest wheat, according to Commodity Weather Group. Meanwhile warmer weather is expected to activate growth.

• Protein premiums for wheat shipped by rail to and through Kansas City rose 5 cents for wheat with 11.2% protein content and for wheat with 12.4 to 12.8% protein content. It rose 10 cents for wheat with 13% to 13.6% protein content and 2 cents for wheat with 13.8% to 14% protein content. KCBT/SCA

• K.C. March hard red winter wheat KWH26 lost 1-3/4 cents to end at $5.52-1/2 per bushel.

• K.C. May hard red winter wheat KWK26 slipped 2-3/4 cents to finish at $5.64-1/4 per bushel.

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