US Plains HRW Wheat-Basis bids unchanged in southern Plains
CHICAGO, Sept 5 (Reuters) -Spot basis bids for hard red winter (HRW) wheat were unchanged in the southern U.S. Plains on Thursday, traders said.
* Protein premiums for HRW wheat shipped by rail to or through Kansas City were unchanged for wheat with all levels of protein content.KCBT/SCA
* Most-active December HRW wheat futures KWZ24 were down 6 cents to $5.87 around midday.
* Merchants in Catoosa, Oklahoma said there had been some farmer selling in recent days that quieted down on Thursday.
Basis values are quoted against futures in cts/bu:
Current | Previous | Cash | |||||
basis | basis | price | |||||
KANSAS | |||||||
Wichita | -11 | + | Z | -11 | + | Z | $5.76 |
Newton | -40 | + | Z | -40 | + | Z | $5.47 |
Goodland | -75 | + | Z | -75 | + | Z | $5.12 |
TEXAS | |||||||
Gulf track* | +100 | + | Z | +107 | + | Z | $6.87 |
Galveston** | +100 | + | Z | +100 | + | Z | $6.87 |
OKLAHOMA | |||||||
Enid | -17 | + | Z | -17 | + | Z | $5.70 |
Catoosa | 0 | + | Z | 0 | + | Z | $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. CIF Gulf Grain GRA/C
* U.S. FOB Gulf Grain GRA/F
Reporting by Renee Hickman
Editing by Marguerita Choy
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