Cash basis bids for hard red winter (HRW) wheat on Friday in the southern US Plains did not budge, a day after increased demand from millers sent protein premiums higher, grain merchants said. Protein premiums for ordinary wheat to 12.80 percent protein, moved by railcar to and through Kansas City on Thursday, were 4 to 15 cents per bushel higher. Remaining wheat protein level requirements were steady.
Firmer Chicago Board of Trade (CBOT) soybeans and corn contracts lifted CBOT Kansas City HRW wheat futures. At 12:31 pm CDT (1731 CDT) CBOT K.C. HRW December wheat was up 5-1/4 cents at $4.31-1/2 per bushel.