CHICAGO, June 26 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were flat at elevators and mills in a spot check of the southern U.S. Plains on Thursday.
Dealers said farmer selling was limited.
Chicago Board of Trade September K.C. HRW wheat KWU25 futures settled 5-1/2 cents lower at $5.33-3/4 a bushel.
CBOT July K.C. HRW Wheat KWN25 futures ended down 6 cents at $5.18-1/4 a bushel.
Protein premiums for railcar wheat shipped to and through Kansas City were unchanged for wheat with all grades of protein. KCBT/SCA
Basis values are quoted against futures in cts/bu:
Current | Previous | Cash | |||||
basis | basis | price | |||||
KANSAS | |||||||
Wichita | -25 | + | N | -25 | + | N | $4.93 |
Newton | -50 | + | N | -50 | + | N | $4.68 |
Goodland | -75 | + | N | -75 | + | N | $4.43 |
TEXAS | |||||||
Gulf track* | +105 | + | N | +105 | + | N | $6.23 |
Galveston** | +100 | + | N | +100 | + | N | $6.18 |
OKLAHOMA | |||||||
Enid | -10 | + | N | -10 | + | N | $5.08 |
Catoosa | 0 | + | U | 0 | + | U | $5.34 |
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 Diane Craft)
((renee.hickman@thomsonreuters.com))