US Plains HRW Wheat-Basis bids stay flat, bitter cold threatens crops
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Basis bids for hard red winter wheat in the southern U.S. Plains remained flat amid concerns over a major winter storm threatening dormant crops. Significant ice is expected to cause potential damage to wheat. U.S. wheat export sales for 2025/26 reached 618,076 metric tons, with 222,989 metric tons being hard red winter wheat. The K.C. March wheat contract closed up 15 cents at $5.40-3/4 a bushel, marking its highest price since January 12. Premiums for wheat with 11.6% to 12.4% protein rose by 10 to 30 cents a bushel.
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