US Cash Grains-Corn and soy basis bids mostly flat as futures fall
Nov 26 (Reuters) -Basis bids for corn and soy were mostly steady in the U.S. Midwest on Tuesday as futures dipped and the Thanksgiving holiday approached. Some locations began rolling their corn basis to the March contract.
* The corn basis rolled to the March contract at an elevator in the Chicago, Illinois, area and a processor in Decatur, Illinois, as well as a river terminal in Toledo, Ohio.
* The soybean basis rose 15 cents at a crush plant in Sioux City, Iowa.
* Most-active March corn CH25 settled down 5 cents at $4.28 per bushel.
* CBOT January soybeans SF25 settled down 2-1/4 cents at $9.83-1/2 a bushel.
Basis values are quoted against CBOT futures in cents/bu:
Current | Previous | |||||||
ELEVATORS | Bid | Bid | ||||||
Chicago, Illinois | ||||||||
Corn processors | +25 | + | Z | +25 | + | Z | UNC | |
Corn elevators | -10 | + | H | -5 | + | Z | NC | |
Soybean elevators | -10 | + | F | -10 | + | F | UNC | |
Wheat elevators | +5 | + | Z | +5 | + | Z | UNC | |
Wheat processors | +10 | + | Z | +10 | + | Z | UNC | |
Decatur IL corn | +6 | + | H | +10 | + | Z | NC | |
Decatur IL soybeans | +5 | + | F | +5 | + | F | UNC | |
Burns Harbor IN corn | UNQ | UNQ | UNC | |||||
Burns Harbor IN soy | UNQ | UNQ | UNC | |||||
Lafayette IN soy | +0 | + | F | +0 | + | F | UNC | |
Toledo OH (port) | ||||||||
Corn | -24 | + | H | -24 | + | Z | NC | |
Soy | -35 | + | F | -35 | + | F | UNC | |
SRW wheat | -25 | + | Z | -25 | + | Z | UNC | |
Davenport IA (river) | ||||||||
Corn | -9 | + | Z | -9 | + | Z | UNC | |
Soy | -8 | + | F | -8 | + | F | UNC | |
Evansville IN (rail) | ||||||||
15-car CSX corn | UNQ | UNQ | UNC | |||||
Cincinnati OH (rail) | ||||||||
3-car corn | UNQ | UNQ | UNC | |||||
Hereford TX corn | +135 | + | Z | +135 | + | Z | UNC | |
Columbus OH (rail) | ||||||||
3-car corn | +26 | + | Z | +26 | + | Z | UNC | |
Morris IL (river) | ||||||||
Corn | -1 | + | Z | -1 | + | Z | UNC | |
Soybeans | +3 | + | F | +3 | + | F | UNC | |
Fort Worth TX corn | +135 | + | Z | +135 | + | Z | UNC | |
Blair NE corn | +15 | + | Z | +15 | + | Z | UNC | |
Council Bluffs, IA (elevator) | ||||||||
Corn | +0 | + | Z | +0 | + | Z | UNC | |
Soy | -28 | + | F | -28 | + | F | UNC | |
Des Moines IA soy | -5 | + | F | -5 | + | F | UNC | |
Sioux City IA soy | +10 | + | F | -5 | + | F | UP 15 | |
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-AM
For U.S. forward basis spreadsheets, please click on:
CORN/BASIS, SOYA/BASIS, WHEAT/BASIS, MILO/BASIS
- CBOT corn report COR/
- CBOT soybean report SOY/C
- CBOT wheat report WHE/C
- U.S. grain barge freight values BG/US
- U.S. Midwest cash grain AM GRA/M
- U.S. CIF/FOB Gulf Grain GRA/F
Reporting by Renee Hickman;
Editing by Sandra Maler
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