US Plains HRW wheat bids steady

Spot basis bids for hard red winter wheat were steady in the southern US Plains on Tuesday, dealers said. Good rains were noted in recent days in parts of drought-hit western Kansas and might be beneficial to the new crop, some wheat experts said. "What wasn't dead it will give it a boost," a north-west Kansas grain merchant said of the rains.
Harvest was under way in Texas. Sampling of the new crop at the Fort Worth Grain Exchange in the state showed average test weight of 60.8 pounds per bushel with 14.00 percent average protein for 20 samples taken May 23-27, the exchange said. The benchmark KC July hard red winter wheat futures contract traded at $7.39-1/4 on Tuesday morning.