US Cash Grains-Corn, soybean bids mixed as harvest increases
CHICAGO, Oct 13 (Reuters) - Spot basis bids for corn and soybeans were mixed in the US Midwest on Tuesday as producers turned their attention to harvesting amid a window of ideal harvesting weather.
Dry conditions have quickened harvesting and steered fresh grains into marketing channels that feed the US Gulf.
Market attention has turned to the USDA's weekly crop progress report, which is due after Tuesday's market close.
The report will show the extent to which work gathered speed in drier weather last week before showers are due to return this week.
On the Chicago Board of Trade, corn futures were last 3 cents higher at $4.86 per bushel.
Most-active CBOT soybean futures were 3-1/4 cents higher at $12.91 per bushel.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | -43 | + | Z | UP 1 | -31 | + | X | UNC | |
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 | -45 | + | X | UNC | |
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | +0 | + | Z | UP 5 | +0 | + | X | UP 15 | |
DECATUR IN | -20 | + | X | UNC | |||||
MORRISTOWN IN | -25 | + | X | UNC | |||||
LAFAYETTE IN | -25 | + | X | UNC | |||||
CEDAR RAPIDS IA | -23 | + | Z | UNC | -45 | + | X | UNC | |
COUNCIL BLUFFS IA | -45 | + | X | UNC | |||||
LINCOLN NE | -30 | + | X | UNC | |||||
BLAIR NE | -10 | + | Z | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -15 | + | Z | UNC | -30 | + | X | UNC | |
SENECA IL | -38 | + | Z | DN 2 | -35 | + | X | DN 5 | |
SAVANNA IL | -39 | + | Z | UNC | -61 | + | X | DN 5 | |
DAVENPORT IA | -75 | + | Z | UNC | -63 | + | X | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -10 | + | Z | UNC | |||||
UNION CITY IN | +0 | + | Z | UNC | |||||
ANNAWAN IL | -20 | + | Z | UP 5 | |||||
COUNCIL BLUFFS IA | -30 | + | Z | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -20 | + | H | 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
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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