US Cash Grains-Corn soybean basis bids mostly unchanged in US Midwest
CHICAGO, Nov 12 (Reuters) - Basis bids for corn and soybeans were mostly unchanged in a spot check of locations in the US Midwest on Thursday as futures eased.
US soybean futures turned lower on Thursday as a two-day rally triggered by the US Agriculture Department's bullish stocks forecast earlier this week stalled.
Corn futures retreated for a second straight session, while wheat prices fell to nine-month lows.
The USDA is due to release weekly export sales data on Friday, a day later than usual due to a US federal holiday this week.
Analysts surveyed by Reuters expect net old-crop US corn sales at 2 million to 3 million metric tons for the week ended November 5 and new-crop sales of 600,000 to 800,000 tons.
Analysts surveyed by Reuters expect net old-crop US soybean sales at 850,000 to 2 million metric tons for the week ended November 5.
CBOT January soybeans ended 11-3/4 cents lower at $12.19 per bushel.
CBOT December corn futures settled 5-1/2 cents lower at $4.42-1/2 per bushel.
Basis values are quoted against CBOT futures in cents/bu:
Current | Previous | |||||||
Bid | Bid | |||||||
Chicago, Illinois | ||||||||
Corn processors | +7 | + | Z | +7 | + | Z | UNC | |
Corn elevators | +25 | + | Z | +25 | + | Z | UNC | |
Soybean elevators | -10 | + | F | -10 | + | F | UNC | |
Wheat elevators | -5 | + | X | -5 | + | X | UNC | |
Wheat processors | +15 | + | Z | +15 | + | Z | UNC | |
Decatur IL corn | +15 | + | Z | +15 | + | Z | UNC | |
Decatur IL soybeans | +8 | + | F | +8 | + | F | UNC | |
Burns Harbor IN corn | UNQ | UNQ | UNC | |||||
Burns Harbor IN soy | UNQ | UNQ | UNC | |||||
Lafayette IN soy | +10 | + | F | +10 | + | F | UNC | |
Toledo OH (port) | ||||||||
Corn | +0 | + | Z | +0 | + | Z | UNC | |
Soy | -48 | + | F | -48 | + | F | UNC | |
SRW wheat | -30 | + | Z | -30 | + | Z | UNC | |
Davenport IA (river) | ||||||||
Corn | -20 | + | Z | -20 | + | Z | UNC | |
Soy | -20 | + | F | -20 | + | F | UNC | |
Evansville IN (rail) | ||||||||
15-car CSX corn | +5 | + | Z | +5 | + | Z | UNC | |
Cincinnati OH (rail) | ||||||||
3-car corn | UNQ | UNQ | UNC | |||||
Hereford TX corn | +100 | + | Z | +100 | + | Z | UNC | |
Columbus OH (rail) | ||||||||
3-car corn | +2 | + | Z | +2 | + | Z | UNC | |
Morris IL (river) | ||||||||
Corn | -10 | + | Z | -10 | + | Z | UNC | |
Soybeans | -2 | + | X | -2 | + | X | UNC | |
Fort Worth TX corn | +100 | + | Z | +100 | + | Z | UNC | |
Blair NE corn | -17 | + | Z | -17 | + | Z | UNC | |
Council Bluffs, IA (elevator) | ||||||||
Corn | -20 | + | Z | -20 | + | Z | UNC | |
Soy | -75 | + | F | -75 | + | F | UNC | |
Des Moines IA soy | -30 | + | F | -30 | + | F | UNC | |
Sioux City IA soy | -15 | + | F | -15 | + | F | 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
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LINKS:
For US forward basis spreadsheets, please click on:
- 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 AM GRA/M
- US CIF/FOB Gulf Grain GRA/F