US Cash Grains-Corn, soy bids steady or gaining strength
CHICAGO, Nov 12 (Reuters) - Basis bids for soybeans and corn were mostly flat to up at grain elevators, river terminals, ethanol plants and other kinds of processors in a spot check of locations in the US Midwest on Thursday as buyers tried to encourage farmers to sell.
Soybean basis bids rose at an elevator in Cincinnati, Ohio, and a processor in Lafayette, Indiana.
Corn basis bids ticked up at the Cincinnati elevator, a processor in Cedar Rapids, Iowa, river terminals in Seneca, Illinois and Council Bluffs, Iowa, and ethanol plans in Union City, Indiana and Council Bluffs, Iowa.
Buyers this week have been seeking supplies from farmers busy wrapping up the harvest and facing low prices.
CBOT most-active soybeans settled down 11-3/4 cents at $12.19 per bushel.
CBOT most-active corn futures ended down 5-1/2 cents at $4.42-1/2 per bushel.
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +10 | + | Z | UP 10 | +4 | + | F | UP 1 | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | UNQ | UNC | |||||
DES MOINES IA | UNQ | UNC | UNQ | UNC | |||||
LINCOLN NE | -40 | + | Z | UNC | -40 | + | X | UNC | |
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | +15 | + | Z | UNC | +8 | + | X | UNC | |
DECATUR IN | -10 | + | X | UNC | |||||
MORRISTOWN IN | -10 | + | X | UNC | |||||
LAFAYETTE IN | +10 | + | X | UP 5 | |||||
CEDAR RAPIDS IA | +2 | + | Z | UP 7 | -20 | + | F | UNC | |
COUNCIL BLUFFS IA | -40 | + | F | UNC | |||||
LINCOLN NE | -8 | + | F | UNC | |||||
BLAIR NE | -17 | + | Z | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | +0 | + | Z | UNC | -48 | + | F | UNC | |
SENECA IL | -10 | + | Z | UP 2 | -2 | + | F | UNC | |
SAVANNA IL | -36 | + | Z | UNC | -76 | + | F | UNC | |
DAVENPORT IA | -20 | + | Z | UP 5 | -20 | + | F | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | +10 | + | Z | UNC | |||||
UNION CITY IN | +0 | + | Z | UP 15 | |||||
ANNAWAN IL | +2 | + | Z | UNC | |||||
COUNCIL BLUFFS IA | -15 | + | Z | UP 5 | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -22 | + | Z | UNC | |||||
CINCINNATI OH | -38 | + | Z | UNC | |||||
DECATUR IN | -30 | + | N | UNC | |||||
BURNS HARBOR IN | UNQ | UNC | |||||||
Basis values are quoted against CBOT futures in cts/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:
- 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