US Cash Grains-Soy basis steady to lower at elevators and processors as futures tumble
CHICAGO, Dec 18 (Reuters) -Spot basis bids for soybeans were steady to lower at elevators and processors in the U.S. Midwest on Wednesday, steady to higher at river terminals, according to a spot check.
Merchants said the dip at elevators and processors was related to dramatic drops in soymeal and soyoil futures prices.
* The soy basis fell by 5 cents apiece at processors in Cedar Rapids and Council Bluffs Iowa. It fell by 1 cent at an elevator in Cincinnati, Ohio.
* The soy basis rose at a river terminal in Toledo, Ohio.
* The corn basis rose at river terminals and was mixed at ethanol plants. It fell at other processors.
* January soybean futures SF25 fell 22-1/4 cents to $9.54-1/2 per bushel as of 11:54 a.m. CST (1754 GMT), having hit life of contract lows.
* January soymeal SMF25 fell $7.30 to $279.90 per short ton, also hitting lifetime lows, and January soyoil BOF25 fell 0.93 cent to 39.69 cents per pound.
* March corn futures CH25 traded down 5-1/2 cents at $4.38.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | -2 | + | H | UNC | +14 | + | F | DN 1 | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA | UNQ | UNC | |||||||
LINCOLN NE | -23 | + | H | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | +2 | + | H | UNC | +5 | + | F | UNC | |
DECATUR IN | +10 | + | F | UNC | |||||
MORRISTOWN IN | +0 | + | F | UNC | |||||
LAFAYETTE IN | +5 | + | F | UNC | |||||
CEDAR RAPIDS IA | -11 | + | H | DN 4 | -15 | + | F | DN 5 | |
COUNCIL BLUFFS IA | -20 | + | F | DN 5 | |||||
LINCOLN NE | -15 | + | F | UNC | |||||
BLAIR NE | -5 | + | H | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -20 | + | H | UP 4 | -20 | + | F | UP 5 | |
SENECA IL | -10 | + | H | UNC | +8 | + | F | UNC | |
SAVANNA IL | -26 | + | H | UP 5 | -36 | + | F | UNC | |
DAVENPORT IA | -14 | + | H | UNC | -13 | + | F | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -7 | + | H | DN 2 | |||||
UNION CITY IN | +5 | + | H | UP 2 | |||||
ANNAWAN IL | -10 | + | H | UNC | |||||
COUNCIL BLUFFS IA | -12 | + | H | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -30 | + | H | UNC | |||||
CINCINNATI OH | UNQ | UNC | |||||||
DECATUR IN | -45 | + | 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 David Gregorio
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