US Cash Grains-Soybean basis weakens further after farmer selling
CHICAGO, July 24 (Reuters) -Spot basis bids for soybeans dropped at U.S. Midwest soy processing plants on Wednesday after higher prices spurred farmer selling, merchandisers said.
* The soybean basis slid by 10 cents a bushel at a Lincoln, Nebraska processor and by 5 cents each at three processing crushing sites in Iowa and Indiana.
* Chicago Board of Trade soybean futures backpedaled from a two-week high reached on Tuesday. GRA/
* Several soy processors have rolled their spot basis to the CBOT November soybean futures SX24 contract.
* Corn basis bids were mostly flat, though the basis eased at an ethanol plant in Union City, Indiana.
Basis values are quoted against CBOT futures in cts/bushel:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +4 | + | U | UNC | +10 | + | Q | DN 5 | |
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 | +18 | + | U | UNC | +35 | + | Q | UNC | |
DECATUR IN | +45 | + | X | DN 5 | |||||
MORRISTOWN IN | +70 | + | X | UNC | |||||
LAFAYETTE IN | +25 | + | Q | UNC | |||||
CEDAR RAPIDS IA | +22 | + | U | UNC | +45 | + | X | DN 5 | |
COUNCIL BLUFFS IA | +40 | + | X | DN 5 | |||||
LINCOLN NE | +25 | + | X | DN 10 | |||||
BLAIR NE | +37 | + | U | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -37 | + | U | UNC | +32 | + | X | UNC | |
SENECA IL | +3 | + | U | UNC | +15 | + | Q | UNC | |
SAVANNA IL | -16 | + | U | UNC | -21 | + | Q | UNC | |
DAVENPORT IA | +0 | + | U | UNC | +0 | + | Q | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | +0 | + | U | UNC | |||||
UNION CITY IN | -17 | + | U | DN 3 | |||||
ANNAWAN IL | +2 | + | U | UNC | |||||
COUNCIL BLUFFS IA | +40 | + | X | NC | |||||
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 Tom Polansek in Chicago; editing by David Evans
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