Basis bids for hard red winter wheat were steady across the southern US Plains on Tuesday on light demand and slow farmer selling as futures declined, dealers said. HRW wheat futures on the Chicago Board of Trade eased on Tuesday after gaining about 5 percent over the previous three trading sessions. Still, prices remain near recent lows so farmer selling interest was limited.
Two Kansas mills, in Wichita and Newton, had enough wheat until October and were not bidding to buy grain this month. The USDA on said that 9 percent of the US winter wheat crop was planted as of Sunday, on par with the five-year average.
