US Cash Grains-Corn and soy basis bids fall as futures stabilize
CHICAGO, Aug 9 (Reuters) -Spot basis bids for corn and soy continued a multi-day slide in the U.S. Midwest on Friday as a spate of farmer selling continued, though futures stabilized as traders positioned ahead of Monday's U.S. Department of Agriculture supply and demand report.
* Corn basis bids slid at an Ohio elevator, an Iowa processor, a Nebraska elevator and an Illinois river terminal.
* Soy basis bids decreased at an Ohio elevator and remained steady elsewhere.
* Corn and soy futures have been pressured by favorable crop weather in the U.S. and an ample global supply of the crop.
* Dealers said the market's next move is likely to hinge on the upcoming supply and demand report from the U.S. Department of Agriculture, due to be issued at 1600 GMT on Monday.
Basis values are quoted against CBOT futures in cts/bushel:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | -12 | + | U | DN 4 | -12 | + | X | DN 2 | |
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 | UNC | |||||
CEDAR RAPIDS IA | +0 | + | U | DN 5 | +10 | + | X | UNC | |
COUNCIL BLUFFS IA | +5 | + | X | UNC | |||||
LINCOLN NE | -10 | + | X | UNC | |||||
BLAIR NE | +18 | + | U | DN 2 | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -40 | + | U | UNC | -5 | + | X | UNC | |
SENECA IL | -4 | + | U | DN 1 | +20 | + | Q | UNC | |
SAVANNA IL | -13 | + | U | UNC | -15 | + | Q | UNC | |
DAVENPORT IA | -16 | + | U | UNC | -14 | + | X | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -10 | + | U | UNC | |||||
UNION CITY IN | -19 | + | U | UNC | |||||
ANNAWAN IL | -3 | + | U | UNC | |||||
COUNCIL BLUFFS IA | +16 | + | U | UNC | |||||
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 David Gregorio
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