US Cash Grains-Corn and soy bids mostly steady as futures rebound
Dec 19 (Reuters) -Basis bids for U.S. corn and soy were mostly flat around the U.S. Midwest on Thursday as futures bounced back from yesterday's falls, a spot check showed.
* Two exceptions were a river terminal in Davenport, Iowa, where the corn basis fell by 4 cents and an elevator in Des Moines, Iowa, where the soy basis fell by 5 cents.
* The USDA reported weekly net export sales of corn at 1,174,600 metric tons on Thursday, in line with trade estimates of 800,000 to 1,600,000 metric tons.
* The agency reported weekly net export sales of soybeans at 1,424,200 metric tons, in line with trade expectations for 825,000 to 2,000,000 metric tons.
* CBOT March corn CH25 ended up 3-1/2 cents at $4.40-3/4 a bushel.
* CBOT January soybeans SF25 ended up 11-1/4 cents at $9.63 a bushel, after reaching lifetime lows earlier in the session.
Basis values are quoted against CBOT futures in cents/bu:
Current | Previous | |||||||
ELEVATORS | Bid | Bid | ||||||
Chicago, Illinois | ||||||||
Corn processors | -2 | + | H | -2 | + | H | UNC | |
Corn elevators | -5 | + | H | -5 | + | H | UNC | |
Soybean elevators | +0 | + | F | +0 | + | F | UNC | |
Wheat elevators | +5 | + | H | +5 | + | H | UNC | |
Wheat processors | +5 | + | H | +5 | + | H | UNC | |
Decatur IL corn | +2 | + | H | +2 | + | H | UNC | |
Decatur IL soybeans | +5 | + | F | +5 | + | F | UNC | |
Burns Harbor IN corn | UNQ | UNQ | UNC | |||||
Burns Harbor IN soy | UNQ | UNQ | UNC | |||||
Lafayette IN soy | +5 | + | F | +5 | + | F | UNC | |
Toledo OH (port) | ||||||||
Corn | -15 | + | H | -15 | + | H | UNC | |
Soy | -20 | + | F | -20 | + | F | UNC | |
SRW wheat | -35 | + | H | -35 | + | H | UNC | |
Davenport IA (river) | ||||||||
Corn | -18 | + | H | -14 | + | H | DN 4 | |
Soy | -13 | + | F | -13 | + | F | UNC | |
Evansville IN (rail) | ||||||||
15-car CSX corn | UNQ | UNQ | UNC | |||||
Cincinnati OH (rail) | ||||||||
3-car corn | UNQ | UNQ | UNC | |||||
Hereford TX corn | +135 | + | H | +135 | + | H | UNC | |
Columbus OH (rail) | ||||||||
3-car corn | UNQ | UNQ | UNC | |||||
Morris IL (river) | ||||||||
Corn | -10 | + | H | -10 | + | H | UNC | |
Soybeans | +8 | + | F | +8 | + | F | UNC | |
Fort Worth TX corn | +135 | + | H | +135 | + | H | UNC | |
Blair NE corn | -5 | + | H | -5 | + | H | UNC | |
Council Bluffs, IA (elevator) | ||||||||
Corn | -8 | + | H | -8 | + | H | UNC | |
Soy | -33 | + | F | -28 | + | F | UNC | |
Des Moines IA soy | -20 | + | F | -15 | + | F | DN 5 | |
Sioux City IA soy | -20 | + | F | -20 | + | F | 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 Renee Hickman; Editing by Richard Chang
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