Spot basis values for hard red winter wheat were steady to firmer on Monday, with some spot demand seen propping up prices, merchants said.
The basis was 2 cents higher in Salina, Kansas, on mill needs, but unchanged elsewhere.
Meanwhile, protein premiums for railcar wheat to and through Kansas City remained in a retreat, with declines of 3 cents a bushel posted for ordinary wheat supplies.
Futures traders at the Kansas City Board of Trade were looking for hard red winter wheat futures prices to open 1/2 to 1 cent a bushel lower on Monday, in a setback from Friday's gains, with a quiet export market seen weighing on prices.
The KCBT HRW wheat futures market settled 1/2 cent to 4-1/4 cents higher on Friday, with the December up 4-1/4 cents at $3.66-3/4 per bushel, and the March at $3.71-3/4, up 3-3/4 cents.