<p>CHICAGO, March 11 (Reuters) - Basis bids for hard red winter were unchanged in the U.S. Plains on Wednesday, with dealers noting an influx of farmers forward contracting wheat.</p>
<ul>
<li>Producers have taken advantage of a recent price rally to sell their crop.</li>
<li>Wheat has gained support from the escalating U.S.-Israeli war on Iran.</li>
<li>Wheat is often sensitive to geopolitical risks, and the upheaval in the Middle East has shifted attention away from ample global supplies of the grain.</li>
<li>Wheat futures have also benefited from an influx of managed money into commodity investments.</li>
<li>Dryness has expanded for the winter wheat crop in the U.S. Plains, an analyst note said.</li>
<li>K.C. May hard red winter wheat futures  (KWK26)  settled 4-3⁄4 cents to $6.13-1⁄2 per bushel.</li>
</ul>
<p>Basis values are quoted against futures in cts/bu:</p>
<p>Curren            Prev           Cash</p>
<p>t            ious</p>
<p>basis            basi          price</p>
<p>s</p>
<h3>KANSAS</h3>
<p>Wichita      -58   +    K    -58  +   K   $5.56</p>
<p>Newton       -83   +    K    -83  +   K   $5.31</p>
<p>Goodland     -90   +    K    -90  +   K   $5.24</p>
<h3>TEXAS</h3>
<p>Gulf         115   +    K    115  +   K   $7.29</p>
<p>track*</p>
<p>Galvesto     100   +    K    100  +   K   $7.14</p>
<p>n</p>
<h3>OKLAHOMA</h3>
<p>Enid         -30   +    K    -30  +   K   $5.84</p>
<p>Catoosa       10   +    K     10  +   K   $6.24</p>
<h3>NOTES:</h3>
<p>H = March, K = May, N = July, U = September</p>
<p>Z = December; UNQ = Unquoted bids</p>
<p>0 = Sp Option price; NC = No comparison</p>
<ul>
<li>= No. 1 12% hard winter wheat, rail bids</li>
</ul>
<p>= Ordinary protein, rail bids</p>
<h3>LINKS:</h3>
<ul>
<li>K.C. HRW wheat protein scales  (KCBT/SCA)</li>
<li>U.S. weekly wheat crop progress  (US/WHE)</li>
<li>U.S. forward basis  (WHEAT/BASIS)</li>
<li>U.S. Midwest cash grain PM  (GRA/PM)</li>
<li>U.S. CIF Gulf Grain  (GRA/C)</li>
<li>U.S. FOB Gulf Grain  (GRA/F)</li>
</ul>

FTAG

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VEGI

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US Plains HRW Wheat-Basis bids flat as farmers sell