US Cash Grains-Soy, corn basis bids mostly steady-weak as harvest advances

Reuters

US Cash Grains-Soy, corn basis bids mostly steady-weak as harvest advances

2024 10월 1, 오후 11:07 GMT

<html xmlns="http://www.w3.org/1999/xhtml"><head><title>US Cash Grains-Soy, corn basis bids mostly steady-weak as harvest advances</title></head><body>

CHICAGO, Oct 1 (Reuters) -Basis bids for soybeans and corn were mostly steady to weaker in the U.S. Midwest on Tuesday as the new month began and dry weather continued to promote the harvest of both crops, sending fresh grain supplies to elevators and processing channels.

* The soybean basis fell by 15 cents a bushel at a Lafayette, Indiana, soy processing site, and by 5 cents at a Council Bluffs, Iowa, elevator.

* The corn basis tumbled by 19 cents at Davenport, Iowa, where grain is loaded onto barges for shipment on the Mississippi River, and by 5 cents at a Chicago-area elevator.

* However, the corn basis firmed by a penny a bushel at Decatur, Illinois, a grain processing hub.

* The USDA said the U.S. corn harvest was 21% complete as of Sunday, ahead of the five-year average of 18%, while the soybean harvest was 26% complete, ahead of its five-year average, also of 18%.

* Commodity brokerage StoneX on Tuesday raised its estimate of the average U.S. 2024 corn yield to 184.0 bushels per acre (bpa) from 182.9 in its previous monthly report released on Sept. 4. StoneX also raised its U.S. soybean yield forecast to 53.5 bpa from 53.0 last month.

* Chicago Board of Trade corn Cv1 futures set a three-month high on Tuesday, buoyed by higher crude oil CLc1 prices and rising tensions in the Middle East, as well as spillover strength from wheat. CBOT soybean futures Sv1 ended nearly unchanged. GRA/

Basis values are quoted against CBOT futures in cents/bu:

	Current			Previous
ELEVATORS	Bid			Bid
Chicago, Illinois
Corn processors	+0	+	Z	+0	+	Z	UNC
Corn elevators	-30	+	Z	-25	+	Z	DN 5
Soybean elevators	-20	+	X	-20	+	X	UNC
Wheat elevators	-10	+	Z	-15	+	Z	UP 5
Wheat processors	-15	+	Z	-25	+	Z	UP 10
Decatur IL corn	-21	+	Z	-22	+	Z	UP 1
Decatur IL soybeans	-20	+	X	-20	+	X	UNC
Burns Harbor IN corn	UNQ			UNQ			UNC
Burns Harbor IN soy	UNQ			UNQ			UNC
Lafayette IN soy	-45	+	X	-30	+	X	DN 15
Toledo OH (port)
Corn	-35	+	Z	-35	+	Z	UNC
Soy	-40	+	X	-40	+	X	UNC
SRW wheat	-25	+	Z	-25	+	Z	UNC
Davenport IA (river)
Corn	-59	+	Z	-40	+	Z	DN 19
Soy	-65	+	X	-65	+	X	UNC
Evansville IN (rail)
15-car CSX corn	UNQ			UNQ			UNC
Cincinnati OH (rail)
3-car corn	UNQ			UNQ			UNC
Hereford TX corn	+135	+	Z	+135	+	Z	UNC
Columbus OH (rail)
3-car corn	-20	+	Z	-20	+	Z	UNC
Morris IL (river)
Corn	-42	+	Z	-42	+	Z	UNC
Soybeans	-40	+	X	-40	+	X	UNC
Fort Worth TX corn	+135	+	Z	+135	+	Z	UNC
Blair NE corn	+0	+	Z	+0	+	Z	UNC
Council Bluffs, IA (elevator)
Corn	-20	+	Z	-20	+	Z	UNC
Soy	-50	+	X	-45	+	X	DN 5
Des Moines IA soy	-50	+	X	-50	+	X	UNC
Sioux City IA soy	-40	+	X	-40	+	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

---------------------------------------------------------

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 Julie Ingwersen; Editing by Tom Hogue

</body></html>

US Cash Grains-Soy, corn basis bids mostly steady-weak as harvest advances

최신 뉴스

Vietnam dong, gold rates - Oct 2

Taiwan shuts down ahead of Typhoon Krathon's arrival, torrential rain forecast

Santos Signs Mid-Term LNG Supply Contract With TotalEnergies

Arborgen Holdings Provides Update On Hurricane Helene Impact

Leading wheat and soybean exporters grapple with historic droughts -Braun

XM 실시간 채팅