US Plains HRW wheat bids steady

28 Apr, 2016

Hard red winter wheat cash basis bids in the southern US Plains held steady on Tuesday with farmers tracking wheat ratings while overlooking a slight bump in futures prices, merchandisers said. US winter wheat was rated 59 percent good-to-excellent, up 2 percentage points from a week earlier, the US Department of Agriculture said on Monday. Analysts had expected wheat to be 58 percent good-to-excellent. Protein premiums for railcar wheat to and through Kansas City on Monday were unchanged, according to the latest CME Group data. At 12:09 pm CDT (1709 GMT), K.C. May wheat was up 1-1/2 cents at $4.64 per bushel.

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