Rail, truck bids hold steady

Feb 1, 202315:50 UTC

Spot basis bids for hard red winter wheat were unchanged at rail and truck market terminals across the southern U.S. Plains on Wednesday, grain dealers said.

* Farmers have been reluctant to sell old-crop supplies at current price levels, dealers said.

* Protein premiums for hard red winter wheat delivered by rail to or through Kansas City were unchanged for all grades of wheat, according to the latest CME Group data.

* At 9:30 a.m. CST (1530 GMT), K.C. March hard red winter wheat (KWH3) futures were down 2 cents at $8.76-3/4 a bushel.

Basis values are quoted against futures in cts/bu:

	Current			Previous			Cash
	basis			basis			price
KANSAS
Wichita	-5	+	H	-5	+	H	$8.72
Newton	-36	+	H	-36	+	H	$8.41
Goodland	-50	+	H	-50	+	H	$8.27
TEXAS
Gulf track*	+155	+	H	+155	+	H	$10.32
Galveston**	+100	+	H	+100	+	H	$9.77
OKLAHOMA
Enid	-15	+	H	-15	+	H	$8.62
Catoosa	+75	+	H	+75	+	H	$9.52