US Plains HRW wheat bids steady

Cash basis bids for hard red winter (HRW) wheat in the southern US Plains on Tuesday were steady as futures followed corn and soybean contracts lower ahead of record-large harvest outlook, merchandisers said. Winter wheat planting is underway in parts of the country as combines pick corn, with soybeans to be harvested in a few weeks. The US Department of Agriculture late Monday said the US winter wheat crop was 6 percent planted, compared with the five-year average of 7 percent. Protein premiums for wheat shipped to and through Kansas City held steady on Monday.