<div id="readability-page-1"><div>Basis bids for hard red winter (HRW) wheat were unchanged at grain elevators in the southern U.S. Plains on Wednesday but protein premiums for railcar wheat to or through Kansas City were mostly firmer, reflecting demand from domestic flour mills.<ul><li>Premiums rose by 3 to 10 cents a bushel for most wheat grades between 11.0% and 12.4% protein, and by 14 cents for &#34;ordinary&#34; wheat with less than 11% protein. </li><li>K.C. March HRW wheat futures (KWH26) have been stuck in a narrow trading range for the last week between roughly $5.16 to $5.31 a bushel, muting farmer grain sales. </li><li>A winter storm was forecast to produce heavy snow, sleet and freezing rain from the southern Plains to the mid-South starting on Friday into Saturday, followed by frigid temperatures.</li><li>The moisture could benefit dormant winter wheat in Texas, Oklahoma and Kansas, but crops farther north that lack projective snow cover could be vulnerable to freeze damage following the storm.</li><li>K.C. March HRW wheat futures (KWH26) settled down 3-1/4 cents on Wednesday at $5.19-3/4 a bushel.</li></ul>Basis values are quoted against futures in cts/bu: <div><table><tbody><tr><td></td><td>Current</td><td></td><td></td><td>Previous</td><td></td><td></td><td>Cash</td></tr><tr><td></td><td>basis</td><td></td><td></td><td>basis</td><td></td><td></td><td>price</td></tr><tr><td>KANSAS</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Wichita</td><td>-60</td><td>+</td><td>H</td><td>-60</td><td>+</td><td>H</td><td>$4.60</td></tr><tr><td>Newton</td><td>-85</td><td>+</td><td>H</td><td>-85</td><td>+</td><td>H</td><td>$4.35</td></tr><tr><td>Goodland</td><td>-90</td><td>+</td><td>H</td><td>-90</td><td>+</td><td>H</td><td>$4.30</td></tr><tr><td>TEXAS</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Gulf track*</td><td>125</td><td>+</td><td>H</td><td>125</td><td>+</td><td>H</td><td>$6.45</td></tr><tr><td>Galveston**</td><td>100</td><td>+</td><td>H</td><td>100</td><td>+</td><td>H</td><td>$6.20</td></tr><tr><td>OKLAHOMA</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Enid</td><td>-40</td><td>+</td><td>H</td><td>-40</td><td>+</td><td>H</td><td>$4.80</td></tr><tr><td>Catoosa</td><td>5</td><td>+</td><td>H</td><td>5</td><td>+</td><td>H</td><td>$5.25</td></tr></tbody></table></div>NOTES:H = March, K = May, N = July, U = SeptemberZ = December; UNQ = Unquoted bids0 = Sp Option price; NC = No comparison* = No. 1 12% hard winter wheat, rail bids** = Ordinary protein, rail bidsLINKS: * K.C. HRW wheat protein scales * U.S. weekly wheat crop progress * U.S. forward basis (WHEAT/BASIS)* U.S. Midwest cash grain PM * U.S. CIF Gulf Grain * U.S. FOB Gulf Grain </div></div>

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Basis bids for hard red winter wheat remained unchanged in the southern U.S. Plains, while protein premiums increased by 3 to 14 cents per bushel, driven by demand from domestic flour mills. K.C. March HRW wheat futures traded within a narrow range, settling down 3-1/4 cents at $5.19-3/4 per bushel. A winter storm is expected to bring heavy snow and freezing rain, potentially benefiting dormant winter wheat in some areas but posing risks of freeze damage to crops lacking snow cover.

Protein premiums climb, winter storm looms