US Plains HRW Wheat-Cash basis flat

Vaisala Oyj

19/09/2025 21:14

CHICAGO, Sept 19 (Reuters) - Basis bids for hard red winter wheat were steady in a spot check of grain elevators in the southern U.S. Plains on Friday as futures dipped down.

A rebound in the dollar =USD since a U.S. Federal Reserve interest rate cut on Wednesday weighed on dollar-priced commodities including wheat. FRX/

Rains have improved soil moisture for the hard red winter wheat crop in the central and southern Plains this week, according to forecaster Vaisala.

K.C. December hard red winter wheat KWZ25 ended Friday down 2-3/4 cents at $5.07-1/4 a bushel

Basis values are quoted against futures in cts/bu:

Current
Previous
Cash
basis
basis
price
KANSAS
Wichita
-60
+
Z
-60
+
Z
$4.47
Newton
-85
+
Z
-85
+
Z
$4.22
Goodland
UNQ
+
UNQ
+
UNQ
TEXAS
Gulf track*
+85
+
Z
+85
+
Z
$5.92
Galveston**
+100
+
Z
+100
+
Z
$6.07
OKLAHOMA
Enid
-30
+
Z
-30
+
Z
$4.77
Catoosa
-30
+
Z
-30
+
Z
$4.77

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 Lisa Shumaker)

 ((renee.hickman@thomsonreuters.com))