US Cash Grains-Corn basis bids steady-up at river terminals, processors
CHICAGO, May 23 (Reuters) -Spot basis bids for corn were steady to higher at river terminals, ethanol plants and other processors around the U.S. Midwest on Thursday, while soybean bids were mostly steady to higher at river terminals and crush plants.
* Prices for both commodities ticked up at the Chicago Board of Trade on rainy U.S. weather and lowered South American crop projections.
* Rains are expected to hit the U.S. Midwest this weekend after a brief dry window. Planting of spring crops stalled this week after periods of rain.
* The spot basis for corn and soybeans rose by 7 cents a bushel each at the river terminal near Davenport, Iowa, which loads grain barges bound for the export market.
* The USDA reported U.S. corn export sales last week in line with trade estimates but up from the prior week. Soybean export sales were near the low end of trade estimates last week, although some old-crop sales to China were reported earlier this week.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | -7 | + | N | UNC | -5 | + | N | UNC | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA | UNQ | UNC | |||||||
LINCOLN NE | -13 | + | N | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | +0 | + | N | UP 2 | +7 | + | N | UNC | |
DECATUR IN | +0 | + | N | UP 3 | |||||
MORRISTOWN IN | +0 | + | N | UNC | |||||
LAFAYETTE IN | +0 | + | N | UNC | |||||
CEDAR RAPIDS IA | +0 | + | N | UNC | -10 | + | N | UNC | |
COUNCIL BLUFFS IA | -25 | + | N | UNC | |||||
LINCOLN NE | -20 | + | N | UNC | |||||
BLAIR NE | +24 | + | N | UP 4 | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -35 | + | N | UNC | -40 | + | N | UNC | |
SENECA IL | -10 | + | N | UNC | -9 | + | N | UNC | |
SAVANNA IL | -19 | + | N | UP 2 | -41 | + | N | UNC | |
DAVENPORT IA | -12 | + | N | UP 7 | -14 | + | N | UP 7 | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -3 | + | N | UNC | |||||
UNION CITY IN | -10 | + | N | UP 2 | |||||
ANNAWAN IL | -8 | + | N | UNC | |||||
COUNCIL BLUFFS IA | +4 | + | N | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -50 | + | N | UNC | |||||
CINCINNATI OH | UNQ | UNC | |||||||
DECATUR IN | -80 | + | N | 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 Renee Hickman; Editing by Ravi Prakash Kumar
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