US Cash Grains-Soybean basis bids flat-lower at river elevators
CHICAGO, Aug 19 (Reuters) -Spot basis bids for soybeans delivered to barge-loading river elevators in the U.S. Midwest were flat to sharply lower on Monday, while bids at processing plants and interior elevators were unchanged, spot checks showed.
* Spot basis bids for corn were steady to lower at most elevator locations as futures advanced and supplies in the cash market were ample following grain movement by farmers last week. Bids at processors were mixed.
* Favorable crop weather supported strong harvest potential. The U.S. Department of Agriculture (USDA) has already forecast massive U.S. crops this season.
* The USDA left corn and soybean ratings unchanged in its weekly crop conditions report. More than two-thirds of the crops were rated in good-to-excellent shape.
* Farmers and grain merchants are also monitoring reports from the annual Pro Farmer Midwest crop tour, which is surveying corn and soybeans across the heart of the farm belt this week.
Basis values are quoted against CBOT futures in cents/bu:
Current | Previous | |||||||
ELEVATORS | Bid | Bid | ||||||
Chicago, Illinois | ||||||||
Corn processors | +20 | + | U | +16 | + | U | UP 4 | |
Corn elevators | -15 | + | U | -10 | + | U | DN 5 | |
Soybean elevators | +0 | + | U | +0 | + | U | UNC | |
Wheat elevators | -5 | + | U | -5 | + | U | UNC | |
Wheat processors | -10 | + | U | -10 | + | U | UNC | |
Decatur IL corn | -18 | + | Z | -15 | + | Z | DN 3 | |
Decatur IL soybeans | +30 | + | X | +30 | + | X | UNC | |
Burns Harbor IN corn | UNQ | UNQ | UNC | |||||
Burns Harbor IN soy | UNQ | UNQ | UNC | |||||
Lafayette IN soy | +30 | + | X | +30 | + | X | UNC | |
Toledo OH (port) | ||||||||
Corn | -27 | + | U | -27 | + | U | UNC | |
Soy | -20 | + | X | -20 | + | X | UNC | |
SRW wheat | -35 | + | U | -35 | + | U | UNC | |
Davenport IA (river) | ||||||||
Corn | -16 | + | U | -16 | + | U | UNC | |
Soy | -30 | + | X | -14 | + | X | DN 16 | |
Evansville IN (rail) | ||||||||
15-car CSX corn | UNQ | -2 | + | U | NC | |||
Cincinnati OH (rail) | ||||||||
3-car corn | UNQ | UNQ | UNC | |||||
Hereford TX corn | +135 | + | U | +140 | + | U | DN 5 | |
Columbus OH (rail) | ||||||||
3-car corn | -8 | + | U | -8 | + | U | UNC | |
Morris IL (river) | ||||||||
Corn | -10 | + | U | -10 | + | U | UNC | |
Soybeans | -10 | + | X | +15 | + | X | DN 25 | |
Fort Worth TX corn | +135 | + | U | +140 | + | U | DN 5 | |
Blair NE corn | +18 | + | U | +15 | + | U | UP 3 | |
Council Bluffs, IA (elevator) | ||||||||
Corn | +20 | + | U | +20 | + | U | UNC | |
Soy | -20 | + | X | -20 | + | X | UNC | |
Des Moines IA soy | -10 | + | X | -10 | + | X | UNC | |
Sioux City IA soy | +0 | + | X | +0 | + | X | 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-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 Karl Plume;
Editing by Sandra Maler
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