U.S. Plains HRW Wheat-Bids firm for gulf-bound wheat
CHICAGO, Jan 6 (Reuters) - Spot basis bids for hard red winter (HRW) wheat firmed on Thursday for wheat shipped to the U.S. Gulf by rail.
* Bids for wheat across the Southern U.S. Plains were steady, dealers said.
* Protein premiums for hard red winter wheat delivered by rail to or through Kansas City fell by 10 cents a bushel on Friday for wheat with protein content of 11.8% and dropped 15 cents for 12% to 14% wheat.
* Premiums for all other grades were unchanged. KCBT/SCA
* K.C. March hard red winter wheat KWH3 futures last added 1/2 cent to $8.40-1/4 a bushel.
Basis values are quoted against futures in cts/bu:
Current | Previous | Cash | |||||
basis | basis | price | |||||
KANSAS | |||||||
Wichita | -5 | + | H | -5 | + | H | $8.35 |
Newton | -36 | + | H | -36 | + | H | $8.04 |
Goodland | -50 | + | H | -50 | + | H | $7.90 |
| |||||||
TEXAS |
| ||||||
Gulf track* | +162 | + | H | +157 | + | H | $10.02 |
Galveston** | +100 | + | H | +100 | + | H | $9.40 |
| |||||||
OKLAHOMA |
| ||||||
Enid | -15 | + | H | -15 | + | H | $8.25 |
Catoosa | +65 | + | H | +65 | + | H | $9.05 |
NOTES:
H = March, K = May, N = July, U = September
Z = December; UNQ = Unquoted bids
0 = 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/FOB Gulf Grain GRA/F
(Reporting by Christopher Walljasper in Chicago)
((Christopher.Walljasper@thomsonreuters.com; 1 630 269 3072; Reuters Messaging: christopher.walljasper.thomsonreuters.com@reuters.))