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Basis bids for hard red winter wheat were unchanged in the southern US Plains as storms brought precipitation to the region. K.C. December HRW wheat fell 2-3/4 cents to $7.43 a bushel and analysts expect USDA reports Wednesday.
Basis for HRW wheat protein classes with Sep dates shows unchanged levels for many bands and higher values for the 11.0% to 12.6% ranges in listed increments.
Kansas City Sep. railcar basis for HRW ordinary and protein levels was unchanged.
Kansas City hard red winter wheat basis and protein premiums were updated for Sep. delivery.
K.C. December HRW wheat settled down 5 cents at $7.62 per bushel. Protein premiums for railcar wheat to and through Kansas City fell 5 cents a bushel for 11.00% to 12.20% protein.
CHICAGO, Sept 18 (Reuters) — Spot basis bids for hard red winter wheat were mostly unchanged around the southern U.S. Plains on Friday on slow farmer selling and light demand. Weaker futures prices this week have chilled farmer selling interest as growers are instead turning their focus to field work as they prepare to