US Cash Grains-Corn and soy basis bids
CHICAGO, Aug 8 (Reuters) -Spot basis bids for corn and soy mostly fell in the U.S. Midwest on Thursday, continuing a multi-day decline in bids as farmers continued to offload inventory while corn and soy futures lingered near four-year lows.
* Corn basis bids decreased at an Ohio elevator, a Nebraska elevator, two river terminals and at two ethanol plants. The basis bid increased by 5 cents at an Iowa processor.
* Soy basis bids decreased at an Ohio elevator and by 15 cents at an Indiana crush plant. The soy basis increased at an Iowa river terminal.
* The soybean market has faced headwinds amid favorable growing conditions in the Midwest at a time when China has reduced its purchases from the United States.
* Corn futures have been pressured by favorable crop weather in the U.S. and an ample global supply of the crop.
Basis values are quoted against CBOT futures in cts/bushel:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | -8 | + | U | DN 3 | -10 | + | X | DN 4 | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA | UNQ | UNC | |||||||
LINCOLN NE | +10 | + | U | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | -1 | + | Z | UNC | +30 | + | X | UNC | |
DECATUR IN | +10 | + | X | UNC | |||||
MORRISTOWN IN | +40 | + | X | UNC | |||||
LAFAYETTE IN | +40 | + | X | DN 15 | |||||
CEDAR RAPIDS IA | +5 | + | U | UP 5 | +10 | + | X | UNC | |
COUNCIL BLUFFS IA | +5 | + | X | UNC | |||||
LINCOLN NE | -10 | + | X | UNC | |||||
BLAIR NE | +20 | + | U | DN 5 | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -40 | + | U | UNC | -5 | + | X | UNC | |
SENECA IL | -3 | + | U | DN 3 | +20 | + | Q | UNC | |
SAVANNA IL | -13 | + | U | UNC | -15 | + | Q | UNC | |
DAVENPORT IA | -16 | + | U | DN 4 | -14 | + | X | UP 5 | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -10 | + | U | DN 5 | |||||
UNION CITY IN | -19 | + | U | UNC | |||||
ANNAWAN IL | -3 | + | U | UNC | |||||
COUNCIL BLUFFS IA | +16 | + | U | DN 2 | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -35 | + | U | UNC | |||||
CINCINNATI OH | UNQ | UNC | |||||||
DECATUR IN | -65 | + | U | UNC | |||||
BURNS HARBOR IN | UNQ | UNC |
NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted
NC = Not comparable, DPI = 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 Heather Schlitz; editing by Jonathan Oatis
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