US Plains HRW Wheat-Basis bids unchanged as harvest gathers pace

Reuters

Jun 18, 2025

US Plains HRW Wheat-Basis bids unchanged as harvest gathers pace

CHICAGO, June 17 (Reuters) - Spot basis bids for hard red winter wheat were flat in the U.S. Plains on Tuesday as farmers focused on the ongoing wheat harvest as well as harvest preparations, dealers said.

The U.S. Department of Agriculture reported on Monday that the U.S. winter wheat harvest was 10% complete, lagging the five-year average of 16%.
The USDA's winter wheat ratings declined, with 52% of the crop rated good to excellent, down from 54% last week. Analysts had expected no change.
Chicago Board of Trade July K.C. HRW wheat KWN25 futures ended up 11-3/4 cents at $5.47-3/4 a bushel.

Basis values are quoted against futures in cts/bu:

	Current			Previous			Cash
	basis			basis			price
KANSAS
Wichita	-25	+	N	-25	+	N	$5.38
Newton	-50	+	N	-50	+	N	$5.13
Goodland	-82	+	N	-82	+	N	$4.81

TEXAS
Gulf track*	105	+	N	105	+	N	$6.68
Galveston**	100	+	N	100	+	N	$6.63

OKLAHOMA
Enid	-10	+	N	-10	+	N	$5.53
Catoosa	10	+	N	10	+	N	$5.73

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 Heather Schlitz; Editing by Sandra Maler)

((Heather.Schlitz@thomsonreuters.com;))

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Analysts had expected no change.</p></li><li><p>Chicago Board of Trade July K.C. HRW wheat <span>KWN25</span> futures ended up 11-3/4 cents at $5.47-3/4 a bushel.</p></li></ul><p>Basis values are quoted against futures in cts/bu:</p><table><tbody><tr><td></td><td><p>Current</p></td><td></td><td></td><td><p>Previous</p></td><td></td><td></td><td><p>Cash</p></td></tr><tr><td></td><td><p>basis</p></td><td></td><td></td><td><p>basis</p></td><td></td><td></td><td><p>price</p></td></tr><tr><td><p>KANSAS</p></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p>Wichita</p></td><td><p>-25</p></td><td><p>+</p></td><td><p>N</p></td><td><p>-25</p></td><td><p>+</p></td><td><p>N</p></td><td><p>$5.38</p></td></tr><tr><td><p>Newton</p></td><td><p>-50</p></td><td><p>+</p></td><td><p>N</p></td><td><p>-50</p></td><td><p>+</p></td><td><p>N</p></td><td><p>$5.13</p></td></tr><tr><td><p>Goodland</p></td><td><p>-82</p></td><td><p>+</p></td><td><p>N</p></td><td><p>-82</p></td><td><p>+</p></td><td><p>N</p></td><td><p>$4.81</p></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p>TEXAS</p></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p>Gulf track*</p></td><td><p>105</p></td><td><p>+</p></td><td><p>N</p></td><td><p>105</p></td><td><p>+</p></td><td><p>N</p></td><td><p>$6.68</p></td></tr><tr><td><p>Galveston**</p></td><td><p>100</p></td><td><p>+</p></td><td><p>N</p></td><td><p>100</p></td><td><p>+</p></td><td><p>N</p></td><td><p>$6.63</p></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p>OKLAHOMA</p></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p>Enid</p></td><td><p>-10</p></td><td><p>+</p></td><td><p>N</p></td><td><p>-10</p></td><td><p>+</p></td><td><p>N</p></td><td><p>$5.53</p></td></tr><tr><td><p>Catoosa</p></td><td><p>10</p></td><td><p>+</p></td><td><p>N</p></td><td><p>10</p></td><td><p>+</p></td><td><p>N</p></td><td><p>$5.73</p></td></tr></tbody></table><p>NOTES:</p><p>H = March, K = May, N = July, U = September</p><p>Z = December; UNQ = Unquoted bids</p><p>0 = Sp Option price; NC = No comparison</p><p>* = No. 1 12% hard winter wheat, rail bids</p><p>** = Ordinary protein, rail bids</p><p>LINKS:      </p><p>* K.C. 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Analysts had expected no change.</p></li><li><p>Chicago Board of Trade July K.C. HRW wheat <span>KWN25</span> futures ended up 11-3/4 cents at $5.47-3/4 a bushel.</p></li></ul><p>Basis values are quoted against futures in cts/bu:</p><table><tbody><tr><td></td><td><p>Current</p></td><td></td><td></td><td><p>Previous</p></td><td></td><td></td><td><p>Cash</p></td></tr><tr><td></td><td><p>basis</p></td><td></td><td></td><td><p>basis</p></td><td></td><td></td><td><p>price</p></td></tr><tr><td><p>KANSAS</p></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p>Wichita</p></td><td><p>-25</p></td><td><p>+</p></td><td><p>N</p></td><td><p>-25</p></td><td><p>+</p></td><td><p>N</p></td><td><p>$5.38</p></td></tr><tr><td><p>Newton</p></td><td><p>-50</p></td><td><p>+</p></td><td><p>N</p></td><td><p>-50</p></td><td><p>+</p></td><td><p>N</p></td><td><p>$5.13</p></td></tr><tr><td><p>Goodland</p></td><td><p>-82</p></td><td><p>+</p></td><td><p>N</p></td><td><p>-82</p></td><td><p>+</p></td><td><p>N</p></td><td><p>$4.81</p></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p>TEXAS</p></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p>Gulf track*</p></td><td><p>105</p></td><td><p>+</p></td><td><p>N</p></td><td><p>105</p></td><td><p>+</p></td><td><p>N</p></td><td><p>$6.68</p></td></tr><tr><td><p>Galveston**</p></td><td><p>100</p></td><td><p>+</p></td><td><p>N</p></td><td><p>100</p></td><td><p>+</p></td><td><p>N</p></td><td><p>$6.63</p></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p>OKLAHOMA</p></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td><p>Enid</p></td><td><p>-10</p></td><td><p>+</p></td><td><p>N</p></td><td><p>-10</p></td><td><p>+</p></td><td><p>N</p></td><td><p>$5.53</p></td></tr><tr><td><p>Catoosa</p></td><td><p>10</p></td><td><p>+</p></td><td><p>N</p></td><td><p>10</p></td><td><p>+</p></td><td><p>N</p></td><td><p>$5.73</p></td></tr></tbody></table><p>NOTES:</p><p>H = March, K = May, N = July, U = September</p><p>Z = December; UNQ = Unquoted bids</p><p>0 = Sp Option price; NC = No comparison</p><p>* = No. 1 12% hard winter wheat, rail bids</p><p>** = Ordinary protein, rail bids</p><p>LINKS:      </p><p>* K.C. HRW wheat protein scales <span>KCBT/SCA</span></p><p>* U.S. weekly wheat crop progress <span>US/WHE</span></p><p>* U.S. forward basis <span>WHEAT/BASIS</span></p><p>* U.S. <a href=\"https://laohu8.com/S/MDWT\">Midwest</a> cash grain PM <span>GRA/PM</span></p><p>* U.S. CIF Gulf Grain <span>GRA/C</span></p><p>* U.S. FOB Gulf Grain <span>GRA/F</span></p><p> (Reporting by Heather Schlitz; Editing by Sandra Maler)</p><p> ((Heather.Schlitz@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4122","symbol_name":"互联网与直销零售","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250617:nL1N3SK12I:1","article_id":"2544079913","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544079913","pubTimestamp":1750196657,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"US Plains HRW Wheat-Basis bids unchanged as harvest gathers pace CHICAGO, June 17 (Reuters) - Spot basis bids for hard red winter wheat were flat in the U.S. Plains on Tuesday as farmers focused on th","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4122":"互联网与直销零售","BK4094":"服装零售","NBRNF":"NBrown Group Plc."},"translate_title":"随着收获步伐加快，美国平原HRW小麦基价保持不变","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NBRNF":0.9},"content_text":"US Plains HRW Wheat-Basis bids unchanged as harvest gathers pace\nCHICAGO, June 17 (Reuters) - Spot basis bids for hard red winter wheat were flat in the U.S. Plains on Tuesday as farmers focused on the ongoing wheat harvest as well as harvest preparations, dealers said.The U.S. Department of Agriculture reported on Monday that the U.S. winter wheat harvest was 10% complete, lagging the five-year average of 16%.The USDA's winter wheat ratings declined, with 52% of the crop rated good to excellent, down from 54% last week. Analysts had expected no change.Chicago Board of Trade July K.C. HRW wheat KWN25 futures ended up 11-3/4 cents at $5.47-3/4 a bushel.Basis values are quoted against futures in cts/bu:CurrentPreviousCashbasisbasispriceKANSASWichita-25+N-25+N$5.38Newton-50+N-50+N$5.13Goodland-82+N-82+N$4.81TEXASGulf track*105+N105+N$6.68Galveston**100+N100+N$6.63OKLAHOMAEnid-10+N-10+N$5.53Catoosa10+N10+N$5.73NOTES:H = March, K = May, N = July, U = SeptemberZ = December; UNQ = Unquoted bids0 = Sp Option price; NC = No comparison* = No. 1 12% hard winter wheat, rail bids** = Ordinary protein, rail bidsLINKS:      * 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 Heather Schlitz; Editing by Sandra Maler) ((Heather.Schlitz@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}