US Cash Grains-Corn basis mostly steady to higher
CHICAGO, Nov 25 (Reuters) -Spot basis bids for corn were steady to higher at ethanol plants and other processing facilities in the U.S. Midwest on Monday as grain merchants worked to keep supply coming ahead of the Thanksgiving holiday.
* The corn basis rose 5 cents at a processor in Cedar Rapids, Iowa.
* The corn basis improved 4 cents at an ethanol plant in Annawan, Illinois.
* At an elevator in Cincinnati, Ohio, the corn basis ticked up 1 cent.
* The U.S. Department of Agriculture reported exporters sold 454,090 metric tons of corn to Mexico, of which 364,792 metric tons is for 2024/25 delivery and 89,298 metric tons is for 2025/26.
* CBOT corn Cv1 was down 2 cents at $4.23-1/2 per bushel near midday, while soybeans Sv1 were up 1-3/4 cents at $9.85-1/4 per bushel.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +10 | + | Z | UP 1 | +11 | + | F | DN 5 | |
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 | +10 | + | Z | UNC | +5 | + | F | UNC | |
DECATUR IN | +2 | + | F | UNC | |||||
MORRISTOWN IN | +10 | + | F | UNC | |||||
LAFAYETTE IN | +0 | + | F | UNC | |||||
CEDAR RAPIDS IA | +10 | + | Z | UP 5 | +10 | + | F | UP 15 | |
COUNCIL BLUFFS IA | -15 | + | F | UNC | |||||
LINCOLN NE | -10 | + | F | UNC | |||||
BLAIR NE | +10 | + | Z | UNC | |||||
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 | -12 | + | Z | UNC | -8 | + | F | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | +0 | + | Z | UNC | |||||
UNION CITY IN | +15 | + | Z | UNC | |||||
ANNAWAN IL | +2 | + | Z | UP 4 | |||||
COUNCIL BLUFFS IA | -8 | + | Z | UNC | |||||
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 Jonathan Oatis
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