US Cash Grains-Corn and soy basis bids continue to fall as farmers sell
CHICAGO, Aug 7 (Reuters) -Spot basis bids for corn and soy mostly fell in the U.S. Midwest on Wednesday as a flurry of farmer selling continued while corn and soy futures sank.
* Corn basis bids fell at an ethanol plant and an elevator
* Soy basis bids fell by 10 cents at a processor and by 20 cents at a river terminal.
* A bumper U.S. corn and soy crop, non-threatening weather, a strong dollar and low demand for U.S. exports have weighed heavily on prices.
* Farmers and dealers reported heavy farmer selling as growers empty out their stores to make room for the upcoming harvest.
Basis values are quoted against CBOT futures in cts/bushel:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | -5 | + | U | UNC | -6 | + | X | NC | |
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 | NC | +30 | + | X | DN 10 | |
DECATUR IN | +10 | + | X | UNC | |||||
MORRISTOWN IN | +40 | + | X | UNC | |||||
LAFAYETTE IN | +55 | + | X | UNC | |||||
CEDAR RAPIDS IA | +0 | + | U | UNC | +10 | + | X | UNC | |
COUNCIL BLUFFS IA | +5 | + | X | UNC | |||||
LINCOLN NE | -10 | + | X | UNC | |||||
BLAIR NE | +25 | + | U | DN 5 | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -40 | + | U | UNC | -5 | + | X | DN 20 | |
SENECA IL | +0 | + | U | UNC | +20 | + | Q | UP 5 | |
SAVANNA IL | -13 | + | U | UNC | -15 | + | Q | UNC | |
DAVENPORT IA | -12 | + | U | UNC | -19 | + | X | NC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -5 | + | U | UNC | |||||
UNION CITY IN | -19 | + | U | DN 2 | |||||
ANNAWAN IL | -3 | + | U | UNC | |||||
COUNCIL BLUFFS IA | +18 | + | 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
--------------------------------------------------------
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 Kirsten Donovan
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