US Plains HRW wheat bids flat

Spot basis bids for hard red winter wheat were unchanged in the southern US Plains on Wednesday as K.C. wheat futures gained more than 1 percent but failed to entice significant sales from farmers, grain merchants said. K.C. March wheat was up 5-1/4 cents to $4.34-3/4 per bushel at 11:02 am CST (1705 GMT), rebounding from Tuesday's roughly three-week low. Many farmers were waiting for further gains in prices before resuming sales. Protein premiums for wheat shipped to and through Kansas City were flat.