Hard red winter wheat (HRW) cash basis bids around the southern US Plains held steady on Wednesday, underpinned by reduced farmer sales as futures grind lower, said merchants. Abundant old-crop supplies weighed on Chicago Board of Trade Kansas City wheat contracts. Premiums for wheat shipped to and through Kansas City on Tuesday were mostly flat, but down 5 cents per bushel for grain with 11.8 percent protein.
Copyright Reuters, 2017
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