US Plains HRW Wheat-Basis mostly steady-to-mixed, Gulf basis dips
CHICAGO, March 20 (Reuters) - Basis bids for hard red winter (HRW) wheat were steady to mixed in most markets in the southern U.S. Plains on Friday in sluggish trade, merchandisers said.
Protein premiums for railcar wheat to and through Kansas City rose 1 cent a bushel for wheat with 11.60 and 12.40 percent protein, but were unchanged for other grades. KCBT/SCA
On Friday, K.C. May HRW wheat futures KWK26 settled down 21 cents at $6.06-1/4 per bushel. GRA/
Basis values are quoted against futures in cts/bu:
| Current |
|
| Previous |
|
| Cash |
| basis |
|
| basis |
|
| price |
KANSAS |
|
|
|
|
|
|
|
Wichita | -58 | + | K | -58 | + | K | $5.48 |
Newton | -83 | + | K | -83 | + | K | $5.23 |
Goodland | -90 | + | K | -90 | + | K | $5.16 |
|
|
|
|
|
|
|
|
TEXAS |
|
|
|
|
|
|
|
Gulf track* | 105 | + | K | 115 | + | K | $7.11 |
Galveston | 100 | + | K | 100 | + | K | $7.06 |
|
|
|
|
|
|
|
|
OKLAHOMA |
|
|
|
|
|
|
|
Enid | -30 | + | K | -30 | + | K | $5.76 |
Catoosa | 15 | + | K | 15 | + | K | $6.21 |
NOTES:
H = March, K = May, N = July, U = September
Z = December; UNQ = Unquoted bids
0 = Spot 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
