US Cash Grains-Soy, corn basis higher as futures fall
CHICAGO, Oct 26 (Reuters) - Basis bids for soybeans were higher in the US Midwest on Monday as futures fell and the corn and soybean harvest advanced.
Grain futures slid sharply, dropping to multi-month lows. CBOT corn futures faced pressure from the advancing US harvest, which could further bolster large stocks and increase world export supplies, and easing crude oil prices, traders and market analysts said.
CBOT soybeans settled 15-1/4 cents lower at $12.41-1/4 per bushel.
CBOT corn ended down 1 cent at $4.55 a bushel, after earlier touching the lowest price seen since July 10.
Basis values are quoted against CBOT futures in cents/bu:
Current | Previous | ||||||
Bid | Bid | ||||||
Chicago, Illinois | |||||||
Corn processors | +15 | + | Z | +15 | + | Z | UNC |
Corn elevators | +10 | + | Z | +0 | + | Z | UP 10 |
Soybean elevators | -10 | + | X | -10 | + | X | UNC |
Wheat elevators | -5 | + | X | -5 | + | X | UNC |
Wheat processors | +27 | + | Z | +27 | + | Z | UNC |
Decatur IL corn | +0 | + | Z | -5 | + | Z | UP 5 |
Decatur IL soybeans | +10 | + | X | +5 | + | X | UP 5 |
Burns Harbor IN corn | UNQ | UNQ | UNC | ||||
Burns Harbor IN soy | UNQ | UNQ | UNC | ||||
Lafayette IN soy | +10 | + | X | +5 | + | X | UP 5 |
Toledo OH (port) | |||||||
Corn | -15 | + | Z | -20 | + | Z | UP 5 |
Soy | -35 | + | X | -40 | + | X | UP 5 |
SRW wheat | -22 | + | Z | -30 | + | Z | UP 8 |
Davenport IA (river) | |||||||
Corn | -45 | + | Z | -45 | + | Z | UNC |
Soy | -40 | + | X | -40 | + | X | UNC |
Evansville IN (rail) | |||||||
15-car CSX corn | UNQ | UNQ | UNC | ||||
Cincinnati OH (rail) | |||||||
3-car corn | UNQ | UNQ | UNC | ||||
Hereford TX corn | +120 | + | Z | +120 | + | Z | UNC |
Columbus OH (rail) | |||||||
3-car corn | -14 | + | Z | -14 | + | Z | UNC |
Morris IL (river) | |||||||
Corn | -29 | + | Z | -29 | + | Z | UNC |
Soybeans | -15 | + | X | -15 | + | X | UNC |
Fort Worth TX corn | +120 | + | Z | +120 | + | Z | UNC |
Blair NE corn | -25 | + | Z | -25 | + | Z | UNC |
Council Bluffs, IA (elevator) | |||||||
Corn | -27 | + | Z | -27 | + | Z | UNC |
Soy | -90 | + | X | -90 | + | X | UNC |
Des Moines IA soy | -50 | + | X | -40 | + | X | DN 10 |
Sioux City IA soy | -45 | + | X | -45 | + | X | 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