US Plains HRW wheat steady

Spot hard red winter wheat basis bids in the US Plains were mostly steady on Thursday morning amid very slow country movement, merchants said.
"The guys aren't paying too much attention to wheat with fall harvest going on," said one Nebraska merchandiser.
The basis in Catoosa, Oklahoma, was 3 cents firmer as some buyers tried to pull supplies out of the country. The slow pace of new marketing's pushed the Gulf rail market a penny higher, dealers said.
Futures prices at the Kansas City Board of Trade were mostly higher on Wednesday, with the December at $3.44-3/4, up 3 cents. Futures were expected to open steady to 1 cent lower on Thursday, retracing Wednesday's gains, pressured by China's decision to raise interest rates and cool its rapidly expanding economy, traders said.