US Cash Grains-Corn bids steady to higher as futures firm
Dec 16 (Reuters) -Basis bids for U.S. corn were steady to up while soy bids were steady to down at river terminals in the U.S. Midwest on Monday as corn futures rose.
* The corn basis was 5 cents higher at a river terminal in Toledo, Ohio and 1 cent higher at another in Davenport, Iowa.
* The soy basis lost 5 cents at the river terminal in Davenport.
* Chicago Board of Trade corn futures received support from bargain buying after price falls late last week.
* The U.S. soybean crush declined in November from an all-time high a month earlier and fell short of most trade estimates, according to National Oilseed Processors Association (NOPA) data released on Monday.
* It was still the largest November crush on record, up 2.2% from the November 2023 crush of 189.038 million bushels, and the fourth-largest ever for any month.
* CBOT March corn CH25 ended up 3 cents at $4.45 a bushel.
* CBOT January soybeans SF25 ended down 6-1/4 cents at $9.82 a bushel.
Basis values are quoted against CBOT futures in cents/bu:
Current | Previous | |||||||
ELEVATORS | Bid | Bid | ||||||
Chicago, Illinois | ||||||||
Corn processors | -2 | + | H | +0 | + | H | UNC | |
Corn elevators | -5 | + | H | -5 | + | Z | NC | |
Soybean elevators | +0 | + | F | +0 | + | F | UNC | |
Wheat elevators | +5 | + | H | +5 | + | H | UNC | |
Wheat processors | +10 | + | H | +10 | + | 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 | -20 | + | H | UP 5 | |
Soy | -20 | + | F | -20 | + | F | UNC | |
SRW wheat | -35 | + | H | -35 | + | H | UNC | |
Davenport IA (river) | ||||||||
Corn | -14 | + | H | -15 | + | H | UP 1 | |
Soy | -13 | + | F | -8 | + | F | DN 5 | |
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 | + | Z | NC | |
Columbus OH (rail) | ||||||||
3-car corn | UNQ | H | UNQ | Z | NC | |||
Morris IL (river) | ||||||||
Corn | -10 | + | H | -7 | + | H | UNC | |
Soybeans | +5 | + | F | +5 | + | F | UNC | |
Fort Worth TX corn | +135 | + | H | +135 | + | Z | NC | |
Blair NE corn | -5 | + | H | -5 | + | H | UNC | |
Council Bluffs, IA (elevator) | ||||||||
Corn | -8 | + | H | -8 | + | H | UNC | |
Soy | -28 | + | F | -28 | + | F | UNC | |
Des Moines IA soy | -15 | + | F | -15 | + | F | UNC | |
Sioux City IA soy | -10 | + | F | -10 | + | 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
---------------------------------------------------------
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 Sam Holmes
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
