Spot hard red winter wheat basis bids were flat in the U.S. Plains states on Thursday in quiet trade ahead of the long holiday weekend.

  • Some locations are rolling basis bids to the September hard red winter wheat contract (KWU26).

  • Net U.S. wheat export sales for 2026/27 were 300,060 metric tons in the week that ended on June 25, the U.S. Department of Agriculture said. Analysts expected 300,000 to 600,000 tons.

  • Wheat futures rose for a third session, as traders adjusted positions ahead of the federal July 4th holiday, extending gains triggered by the U.S. Department of Agriculture's acreage and stocks estimates on Tuesday.

  • K.C. September hard red winter wheat (KWU26) was last 1-1/2 cents higher to $6.36-1/2 per bushel.

Basis values are quoted against futures in cts/bu:

Current

Previous

Cash

basis

basis

price

KANSAS

Wichita

-34

+

U

-24

+

N

$6.02

Newton

-59

+

U

-49

+

N

$5.77

Goodland

-65

+

U

-65

+

N

$5.71

TEXAS

Gulf track*

115

+

U

115

+

N

$7.51

Galveston**

100

+

U

100

+

N

$7.36

OKLAHOMA

Enid

-15

+

U

-15

+

U

$6.21

Catoosa

-30

+

U

-30

+

U

$6.06

NOTES:

H = March, K = May, N = July, U = September

Z = December; UNQ = Unquoted bids

0 = Spot Option price; NC = No comparison

* = No. 1 12% hard winter wheat, rail bids

** = Ordinary protein, rail bids

LINKS:

* K.C. HRW wheat protein scales

* U.S. weekly wheat crop progress

* U.S. forward basis (WHEAT/BASIS)

* U.S. Midwest cash grain PM

* U.S. CIF Gulf Grain

* U.S. FOB Gulf Grain