Reuters
2022.06.21 23:56

U.S. Plains HRW Wheat-Bids even; yields vary as harvest continues

CHICAGO, June 21 (Reuters) - Spot basis bids for hard red winter wheat were steady at rail and truck market terminals across the southern U.S. Plains on Tuesday as harvest marches north, grain dealers said.

CHICAGO, June 21 (Reuters) - Spot basis bids for hard red winter wheat were steady at rail and truck market terminals across the southern U.S. Plains on Tuesday as harvest marches north, grain dealers said.

  • Harvest was 60% to 80% complete in north central Oklahoma, one grain dealer there said.

  • Yields were strong in northeastern Oklahoma and Southeastern Kansas, another buyer noted, but degraded further west as dryness sapped crops.

  • Premiums for hard red winter wheat shipped by rail to or through Kansas City rose by 4 cents a bushel for wheat with ordinary protein content, according to CME Group data. Premiums were unchanged for all other grades of wheat. (KCBT/SCA)

  • At 10:46 a.m. CDT (1546 GMT), K.C. July HRW wheat futures

(KWN2) lost 47-14 cents to $10.57-34 a bushel.

Basis values are quoted against futures in cts/bu:

Curren Previo Cash

t us

basis basis price

KANSAS

Wichita -28 + N -28 + N $10.29

Newton -59 + N -59 + N $9.98

Goodland -75 + U -75 + U $9.88

TEXAS

Gulf track* +148 + N +148 + N $12.05

Galveston** +100 + N +100 + N $11.57

OKLAHOMA

Enid -15 + N -15 + N $10.42

Catoosa +45 + N +45 + N $11.02

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)

The copyright of this article belongs to the original author/organization.
The current content only represents the author’s point of view, and has nothing to do with the position of Longbridge. The content is for investment reference only and does not constitute any investment advice. If you have any questions or suggestions about the content services provided by Longbridge, please contact: editorial@longbridge.global

Like