Spot basis bids for hard red winter wheat in the US Plains held steady on Monday, with farmers getting ready to seed their crop amid generally dry conditions, merchants said. Mills showed routine demand amid slow farmer selling of grain, the merchants added.
The US Department of Agriculture will update the progress in planting the winter wheat on Monday afternoon. Planting was 4 percent complete as of September 9. Kansas City Board of Trade hard red winter wheat futures fell sharply on Monday, with the December contract down 2.2 percent at $9.27 as of 8:51 am Central time (1351 GMT).
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