US Cash Grains-Corn basis down at ethanol plants, processors as contracts roll over
CHICAGO, Nov 26 (Reuters) -Spot basis bids for corn were steady to down at ethanol plants and other processing facilities in the U.S. Midwest on Tuesday, as some locations rolled to the March contract.
* An ethanol plant in Union City, Indiana, another in Council Bluffs, Iowa and a processor in Decatur, Illinois all rolled to the March contract.
* Corn rose 5 cents at an elevator in Blair, Nebraska.
* Soybeans rose 3 cents at a processor in Decatur, Indiana.
* CBOT corn Cv1 was down 6-1/4 cents at $4.26-3/4 per bushel around midday, while soybeans Sv1 were down 5-1/2 cents at $9.80-1/4 per bushel, as investors digested an announcement from President-elect Donald Trump that he intends to impose tariffs on imports from Canada, Mexico and China, sparking fears of retaliation.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +10 | + | Z | UNC | +11 | + | F | UNC | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA | UNQ | UNC | |||||||
LINCOLN NE | -20 | + | Z | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | +6 | + | H | NC | +5 | + | F | UNC | |
DECATUR IN | +5 | + | F | UP 3 | |||||
MORRISTOWN IN | +10 | + | F | UNC | |||||
LAFAYETTE IN | +0 | + | F | UNC | |||||
CEDAR RAPIDS IA | +10 | + | Z | UNC | +0 | + | F | DN 10 | |
COUNCIL BLUFFS IA | -15 | + | F | UNC | |||||
LINCOLN NE | -10 | + | F | UNC | |||||
BLAIR NE | +15 | + | Z | UP 5 | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -18 | + | Z | UNC | -35 | + | F | UNC | |
SENECA IL | -1 | + | Z | UNC | +3 | + | F | UNC | |
SAVANNA IL | -30 | + | Z | UNC | -51 | + | F | UNC | |
DAVENPORT IA | -9 | + | Z | UP 3 | -8 | + | F | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | +0 | + | Z | UNC | |||||
UNION CITY IN | +3 | + | H | NC | |||||
ANNAWAN IL | +2 | + | Z | UNC | |||||
COUNCIL BLUFFS IA | -14 | + | H | NC | |||||
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 Renee Hickman; Editing by Rod Nickel
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