Soybean bids fall; corn bids mixed
Spot basis bids for soybeans fell at processors, interior elevators and river terminals around the U.S. Midwest on Thursday morning, grain dealers said.
* The cash basis for corn was mixed, falling at elevators and river terminals but rising at processors in the western half of the region.
* Processor bids for corn were flat east of the Mississippi River.
* Corn bids were mixed at ethanol plants.
* Fresh sales on the cash market were rare but growers have begun making deliveries of both commodities to fill previously booked contracts, dealers said.
* The country movement was expected to pick up as harvest expands in the coming days.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | ||||||||
CORN | SOYBEANS | |||||||
CINCINNATI OH | -45 | + | Z | DN 5 | -20 | + | X | DN 25 |
BURNS HARBOR IN | -25 | + | Z | UNC | -20 | + | X | UNC |
DECATUR IN | UNQ | UNC | ||||||
DES MOINES IA | UNQ | UNC | ||||||
LINCOLN NE | +15 | + | Z | DN 25 | ||||
PROCESSORS | ||||||||
CORN | SOYBEANS | |||||||
DECATUR IL | -5 | + | Z | UNC | +35 | + | X | UNC |
DECATUR IN | -12 | + | X | UNC | ||||
MORRISTOWN IN | -5 | + | X | UNC | ||||
LAFAYETTE IN | -12 | + | X | DN 2 | ||||
CEDAR RAPIDS IA | +10 | + | Z | UP 10 | -25 | + | X | DN 65 |
COUNCIL BLUFFS IA | +0 | + | X | UNC | ||||
LINCOLN NE | +10 | + | X | UNC | ||||
BLAIR NE | +45 | + | Z | UP 5 | ||||
RIVER TERMINALS | ||||||||
CORN | SOYBEANS | |||||||
TOLEDO OH | -28 | + | Z | UNC | -25 | + | X | UNC |
SENECA IL | -15 | + | Z | DN 5 | -15 | + | X | DN 25 |
SAVANNA IL | -16 | + | Z | UNC | -56 | + | X | UNC |
DAVENPORT IA | -30 | + | Z | UNC | -15 | + | X | DN 15 |
ETHANOL PLANTS | ||||||||
LINDEN IN | -5 | + | Z | DN 5 | ||||
UNION CITY IN | +0 | + | Z | UP 10 | ||||
ANNAWAN IL | -15 | + | Z | DN 5 | ||||
COUNCIL BLUFFS IA | +33 | + | Z | DN 2 | ||||
SRW WHEAT | ||||||||
TOLEDO OH | -33 | + | Z | UNC | ||||
CINCINNATI OH | UNQ | UNC | ||||||
DECATUR IN | -20 | + | Z | UNC | ||||
BURNS HARBOR IN | UNQ | UNC |
NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted
NC = Not comparable, DP = Delayed Price, N/A = Not available,
F = January, H = March, K = May, N = July
Q = August, U = September, X = November, Z = December
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LINKS: (0#USCSHGRN-PM)
For U.S. forward basis spreadsheets, please click:
(CORN/BASIS), (SOYA/BASIS), (WHEAT/BASIS), (MILO/BASIS)
- CBOT corn report
- CBOT soybean report
- CBOT wheat report
- U.S. grain barge freight values
- U.S. Midwest cash grain AM
- U.S. CIF/FOB Gulf Grain