Spot cash basis bids for hard red wheat were flat in the southern US Plains on Friday and country offerings were thin as producers waited for higher prices, dealers said. Rains fell in the south-eastern portion of the hard red wheat belt since Thursday but skipped dry areas of eastern Kansas, the Commodity Weather Group said.
Protein premiums for railcar wheat to and through Kansas City rose by 10 cents for wheat with 12.0 through 12.8 percent protein and 5 cents for 13.0 through 13.8 percent protein. Other grades were unchanged. K.C. hard red winter wheat futures were higher, rebounding from a 1 percent decline a day earlier. As of 12:37 pm CST (1837 GMT), K.C. December wheat were up 3-1/4 cents at $4.89-1/4 a bushel.
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