Spot hard red winter wheat basis bids were unchanged in the U.S. Plains states on Tuesday, with dealers reporting quiet trade as farmers hesitated to sell.

  • The U.S. Department of Agriculture on Monday reported that winter wheat ratings held steady at just 26% good-to-excellent as a severe drought in the U.S. Plains wheat belt has damaged much of the crop.

  • The rating was the lowest on record for the 26th week of the year, according to USDA data that goes back to 1986.

  • The winter wheat harvest progressed at a slower-than-anticipated pace as the USDA said 48% of the nation's crop was harvested. Analysts polled by Reuters, on average, expected the harvest to be 54% complete as of Sunday.

  • All U.S. wheat plantings fell to 42.740 million acres from 45.328 million in 2025, the USDA reported on Tuesday.

  • K.C. September hard red winter wheat (KWU26) was last 15-1/4 cents higher to $6.30 per bushel.

Basis values are quoted against futures in cts/bu:

Current

Previous

Cash

basis

basis

price

KANSAS

Wichita

-24

+

N

-24

+

N

$6.06

Newton

-49

+

N

-49

+

N

$5.81

Goodland

-65

+

N

-65

+

N

$5.65

TEXAS

Gulf track*

115

+

N

115

+

N

$7.45

Galveston**

100

+

N

100

+

N

$7.30

OKLAHOMA

Enid

-15

+

N

-15

+

N

$6.15

Catoosa

-30

+

U

-30

+

U

$6.00

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