Hard red winter wheat basis bids were steady to higher on Monday, rising as much as 20 cents in Kansas on slow farmer selling, dealers said. Bids were generally up 5 to 20 cents per bushel across Kansas, and up 10 cents in parts of Oklahoma. Dealers said farmers were not selling grain, adding that the harvest was in the early stages in Oklahoma.
The Kansas Association of Wheat Growers and the Kansas Wheat Commission on Thursday said harvest in that state will begin the first week of June. KCBT wheat is called to open 8 to 10 cents per bushel lower on a sharply higher US dollar as the euro zone crisis escalated after Standard & Poor cut Italy's rating outlook.