US Cash Grains-Corn and soy basis higher as harvest winds down
Nov 11 (Reuters) -Basis bids for corn and soybeans were steady to higher on Monday at grain handling facilities across the U.S. Midwest, as buyers sought to entice selling from farmers who have been reluctant to offload their crop.
* Corn basis bids increased at two elevators, two processors, one river terminal and three ethanol plants.
* Soybean basis bids increased at one soy processor and decreased at one river terminal.
* The U.S. Department of Agriculture will release its monthly crop progress report after the market closes.
* U.S. farmers grew fewer soybeans and corn this year than previously expected after a dry spell hurt crops, the USDA said on Friday.
* However, supplies remain hefty with U.S. farmers expected to have produced their second-biggest soy harvest and third-largest corn harvest ever.
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +0 | + | Z | UP 10 | -8 | + | F | UNC | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA | UNQ | UNC | |||||||
LINCOLN NE | -20 | + | Z | UP 5 | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | +0 | + | Z | UNC | +5 | + | F | UNC | |
DECATUR IN | -5 | + | F | UNC | |||||
MORRISTOWN IN | -5 | + | F | UNC | |||||
LAFAYETTE IN | +0 | + | F | UP 5 | |||||
CEDAR RAPIDS IA | -5 | + | Z | UP 5 | -25 | + | F | UNC | |
COUNCIL BLUFFS IA | -25 | + | F | UNC | |||||
LINCOLN NE | -20 | + | F | UNC | |||||
BLAIR NE | +0 | + | Z | UP 5 | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -18 | + | Z | UNC | -35 | + | F | UNC | |
SENECA IL | -2 | + | Z | UP 5 | -3 | + | F | UNC | |
SAVANNA IL | -36 | + | Z | UNC | -61 | + | F | UNC | |
DAVENPORT IA | -15 | + | Z | UNC | -17 | + | F | DN 2 | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -20 | + | Z | UNC | |||||
UNION CITY IN | +6 | + | Z | UP 6 | |||||
ANNAWAN IL | -4 | + | Z | UP 6 | |||||
COUNCIL BLUFFS IA | -15 | + | Z | UP 3 | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -20 | + | H | UNC | |||||
CINCINNATI OH | UNQ | UNC | |||||||
DECATUR IN | -50 | + | N | 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 COR/
- CBOT soybean report SOY/C
- CBOT wheat report WHE/C
- U.S. grain barge freight values BG/US
- U.S. Midwest cash grain PM GRA/PM
- U.S. CIF/FOB Gulf Grain GRA/F
Reporting by Heather Schlitz
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