CHICAGO, Dec 26 (Reuters) - Spot basis bids for hard red winter wheat were unchanged in the U.S. southern Plains on Thursday, a spot check showed, as futures strengthened.
* K.C. HRW March wheat futures KWH25 closed up 7-3/4 cents at $5.51-1/2 a bushel.
* Protein premiums for HRW wheat shipped by rail to or through Kansas City were unchanged on Thursday for all grades of wheat. KCBT/SCA
* Dealers said farmer selling is expected to remain light into the new year.
Basis values are quoted against futures in cts/bu:
Current | Previous | Cash | |||||
basis | basis | price | |||||
KANSAS | |||||||
Wichita | -21 | + | H | -21 | + | H | $5.31 |
Newton | -50 | + | H | -50 | + | H | $5.02 |
Goodland | -62 | + | N | -62 | + | N | $4.90 |
TEXAS | |||||||
Gulf track* | +120 | + | H | +120 | + | H | $6.72 |
Galveston** | +100 | + | H | +100 | + | H | $6.52 |
OKLAHOMA | |||||||
Enid | -25 | + | H | -25 | + | H | $5.27 |
Catoosa | +10 | + | H | +10 | + | H | $5.62 |
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 Leslie Adler)
((renee.hickman@thomsonreuters.com))