US Cash Grains-Soy basis bids steady to higher
CHICAGO, Nov 11 (Reuters) - Basis bids for soybeans were flat to up at processors and river terminals in the US Midwest on Wednesday, spot checks showed.
In its monthly supply-and-demand report on Tuesday, the USDA raised its US soybean harvest forecast by less than expected and increased its demand outlook.
Basis bids for soybeans rose 5 cents at a processor in Lafayette, Indiana and 2 cents at a Davenport, Iowa river terminal.
Dealers have been trying to incentivize farmers to sell this week as prices remain low and the completion of the harvest has kept them busy.
CBOT January soybeans ended 2-3/4 cents higher at $12.30-3/4 per bushel.
CBOT December corn futures settled a penny lower at $4.48 per bushel.
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 | + | X | +8 | + | X | UNC | |
Burns Harbor IN corn | UNQ | UNQ | UNC | |||||
Burns Harbor IN soy | UNQ | UNQ | UNC | |||||
Lafayette IN soy | +10 | + | F | +5 | + | F | UP 5 | |
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 | -25 | + | Z | -25 | + | Z | UNC | |
Soy | -20 | + | F | -22 | + | F | UP 2 | |
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 | -12 | + | Z | -12 | + | 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 | |
Basis values are quoted against CBOT futures in cents/bu:
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