US Plains HRW Wheat-Protein premiums firm; wintry weather eyed
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US Plains HRW wheat basis bids remained steady, with protein premiums increasing slightly, indicating demand from flour mills. Premiums for HRW wheat with 11.6% to 12.4% protein rose by 20 cents per bushel, while those for 12.6% protein increased by 5 cents. A winter storm is forecasted to impact the Southern Plains, potentially providing insulation for dormant wheat, although areas without snow cover may face freeze damage. K.C. March HRW wheat futures closed at $5.23 per bushel, down 4-1/4 cents.
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