US Cash Grains-Corn, soy bids mostly flat to higher

By Reuters News

- Spot basis bids for corn and soybeans were largely steady to up on Friday at elevators, processors and river terminals in a spot check of locations in the U.S. Midwest, as futures fell.

  • Soybean basis bids rose at processors in Decatur, Illinois, Decatur, Indiana and Lafayette, Indiana, and a river terminal in Seneca, Illinois.

  • The corn basis strengthened at a processing plant in Decatur, Illinois and elevator in Blair, Nebraska.

  • Corn edged down to hold near a seven-week low from last Friday when an unexpected increase to the US Department of Agriculture's harvest forecast dampened sentiment. GRA/

  • Soybean futures extended losses to a new seven-week low as an advancing US harvest, expected to bring a record volume, took attention away from renewed Chinese purchases.

  • A drier break in the weather in the US Midwest until the 6-10 day period is expected to improve the pace of the harvest.

  • CBOT most active soybeans fell 1-3/4 cents to $12.61-1/4 a bushel at 12:55 p.m. CDT (1755 GMT). Most active corn dropped 3-1/4 cents to $4.74-3/4 per bushel.

Basis values are quoted against CBOT futures in cts/bu:



ELEVATORS











CORN




SOYBEANS



CINCINNATI OH

-30

+

Z

UNC


-22

+

X

UP 2

BURNS HARBOR IN

UNQ



UNC


UNQ



UNC

DECATUR IN

UNQ



UNC


UNQ



UNC

DES MOINES IA

UNQ



UNC


UNQ



UNC

LINCOLN NE

-35

+

Z

UNC


-55

+

X

UNC











PROCESSORS











CORN





SOYBEANS



DECATUR IL

+5

+

Z

UP 10


+10

+

X

UP 10

DECATUR IN






-20

+

X

UP 10

MORRISTOWN IN





-35

+

X

DN 10

LAFAYETTE IN






-15

+

X

UP 8

CEDAR RAPIDS IA

-23

+

Z

UNC


-50

+

X

UNC

COUNCIL BLUFFS IA






-50

+

X

UNC

LINCOLN NE






-40

+

X

UNC

BLAIR NE

+0

+

Z

UP 10
















RIVER TERMINALS











CORN





SOYBEANS



TOLEDO OH

-15

+

Z

UNC


-30

+

X

UNC

SENECA IL

-36

+

Z

UP 2

-30

+

X

UP 5

SAVANNA IL

-39

+

Z

UNC


-71

+

X

UNC

DAVENPORT IA

-60

+

Z

UNC


-60

+

X

UNC











ETHANOL PLANTS










LINDEN IN

-25

+

Z

UNC






UNION CITY IN

+0

+

Z

UNC






ANNAWAN IL

-10

+

Z

UNC






COUNCIL BLUFFS IA

-27

+

Z

UNC
















SRW WHEAT










TOLEDO OH

-22

+

Z

UNC






CINCINNATI OH

-60

+

Z

UNC






DECATUR IN

-35

+

N

UNC






BURNS HARBOR IN

UNQ



UNC







NOTE: 0 = Option price, UNC = Unchanged, UNQ = Unquoted

NC = Not comparable, DP = Delayed price, N/A = Not available,

F = January, H = March, K = May, N = July, Q = August, U = September, X = November, Z = December

--------------------------------------------------------

LINKS:

For US forward basis spreadsheets, please click:

- CBOT corn report COR/

- CBOT soybean report SOY/C

- CBOT wheat report WHE/C

- US grain barge freight values BG/US

- US Midwest cash grain PM GRA/PM

- US CIF/FOB Gulf Grain GRA/F

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