US Plains HRW wheat bids flat

Spot basis bids were mostly unchanged for hard red winter wheat in the southern US Plains on Tuesday as freshly harvested supplies continued to roll in from the fields and futures fell to contract lows, dealers said. Farmers, as expected, largely were reporting big yields and low protein content. A dealer in northwest Kansas said rains there were delaying harvest while another dealer said harvest was nearly complete in north-central Oklahoma.
Protein premiums for "ordinary" wheat with 11 percent protein shipped to and through Kansas City were trading at the lowest levels since 2011, according to CME Group data, reflecting large supplies of low-protein wheat. K.C. wheat futures on a continuous chart tumbled to a decade-low of $4.10-3/4 cents per bushel, pressured by the huge harvest and record-large global wheat supplies.