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Print Print edition: 2011-10-16

HRW wheat bids steady

Published Updated

Hard red winter wheat basis bids were steady on Friday ass good demand kept basis firm Country sellers held tight to supplies and bids and offers demonstrated a wide margin. "We've tried to buy some more wheat," an Oklahoma merchandiser said. "A lot of people are also wanting to buy wheat. You're going to have to pay up on the basis in order for them to let go of it."
Protein premiums for railcar wheat to and through Kansas City fell 5 cents a bushel for 14.00 percent protein wheat and remained unchanged otherwise. Farmer seeding of new-crop wheat continued at an improved pace following recent beneficial rainfall.

Copyright Reuters, 2011

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