Basis bids steady to up
Bullish strength: 58/100
- Kansas City December hard red winter wheat futures gained 5.25 cents to $6.39½ per bushel.
- Basis bids were flat to higher across surveyed Plains locations.
- Enid and Catoosa basis bids strengthened by 5 and 10 cents, respectively.
Bearish strength: 42/100
- Trade activity remained quiet.
- Rain is forecast for parts of the Plains during the 16-30 day period.
- Protein premiums declined for ordinary and 12-12.2% protein wheat.
This is automated NewsSignalsAI analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.