US Cash Grains-Soy, corn basis bids mostly steady in quiet trade
CHICAGO, Nov 13 (Reuters) -Spot basis bids for corn and soybeans were mostly steady in the U.S. Midwest on Wednesday amid a slow trade as Chicago Board of Trade corn and soybean futures dipped, brokers said.
* The soybean basis increased at an Ohio elevator.
* Corn basis bids were steady on Wednesday.
* Chicago soybean futures fell as traders worried that President-elect Donald Trump's nominee for the head of the U.S. Environmental Protection Agency would take a less than friendly view of the biofuel industry, analysts said.
* Corn futures were supported by strong demand but fell on spillover weakness from wheat.
* CBOT soybeans Sv1 were last down 7 cents at $10.03-3/4 per bushel while CBOT corn Cv1 was last down 2-1/2 cents.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +4 | + | Z | UNC | +7 | + | F | UP 2 | |
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 | +0 | + | Z | UNC | +5 | + | F | UNC | |
DECATUR IN | -2 | + | F | UNC | |||||
MORRISTOWN IN | -5 | + | F | UNC | |||||
LAFAYETTE IN | +0 | + | F | UNC | |||||
CEDAR RAPIDS IA | -5 | + | Z | UNC | -25 | + | F | UNC | |
COUNCIL BLUFFS IA | -15 | + | F | UNC | |||||
LINCOLN NE | -20 | + | F | UNC | |||||
BLAIR NE | +5 | + | Z | UP 5 | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -18 | + | Z | UNC | -35 | + | F | UNC | |
SENECA IL | -2 | + | Z | UNC | -3 | + | F | UNC | |
SAVANNA IL | -36 | + | Z | UNC | -61 | + | F | UNC | |
DAVENPORT IA | -13 | + | Z | UNC | -17 | + | F | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -20 | + | Z | UNC | |||||
UNION CITY IN | +10 | + | Z | UNC | |||||
ANNAWAN IL | -6 | + | Z | UNC | |||||
COUNCIL BLUFFS IA | -15 | + | 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 Heather Schlitz; editing by Alan Barona
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