US Plains HRW Wheat-Basis Bids Stay Steady, Futures Prices Drop
DBA•Notes and links
NOTES:
H = March, K = May, N = July, U = September
Z = December; UNQ = Unquoted bids
0 = Spot 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
Basis values by location
Basis values are quoted against futures in cts/bu:
| Current basis | Previous basis | Cash price | |
|---|---|---|---|
| KANSAS | |||
| Wichita | -34 + U | -34 + U | $6.99 |
| Newton | -59 + U | -59 + U | $6.74 |
| Goodland | -65 + U | -65 + U | $6.68 |
