US Cash Grains-Soybean and corn basis bids mostly steady
CHICAGO, Sept 13 (Reuters) -Spot basis bids for soybean and corn were mostly steady on Friday as buyers and farmers turned their attention to a harvest that is already underway or set to begin in some areas, dealers said.
* Growers are reluctant to sell as prices remain low.
* The corn basis ticked up at an Iowa processor and dipped at a Nebraska processor.
* Spotty showers in the U.S. Midwest in the next week might ease heat stress to the soy crop, but could prevent the crop from drying down sufficiently ahead of harvest in other areas, an analyst note said.
* The U.S. Department of Agriculture raised its forecast for U.S. corn production and yields on Thursday, surprising traders who expected declines following a spell of dry summer weather.
* USDA trimmed its projection for soybean production in a monthly report, though the crop is still expected to be the largest ever.
* CBOT December corn CZ24 was last up 4-3/4 cents to $4.11 per bushel as of 1510 and November soybeans SX24 were last down 2 cents $10.09 per bushel.
Basis values are quoted against CBOT futures in cts/bushel:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | -51 | + | Z | UNC | -59 | + | X | UNC | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA | UNQ | UNC | |||||||
LINCOLN NE | -20 | + | Z | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | -15 | + | Z | UNC | -20 | + | X | UNC | |
DECATUR IN | -33 | + | X | UNC | |||||
MORRISTOWN IN | -35 | + | X | UNC | |||||
LAFAYETTE IN | -30 | + | X | UNC | |||||
CEDAR RAPIDS IA | +20 | + | Z | UP 2 | -40 | + | X | UNC | |
COUNCIL BLUFFS IA | -25 | + | X | UNC | |||||
LINCOLN NE | -25 | + | X | UNC | |||||
BLAIR NE | +10 | + | Z | DN 10 | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -55 | + | Z | UNC | -70 | + | X | UNC | |
SENECA IL | -40 | + | Z | UNC | -40 | + | X | UNC | |
SAVANNA IL | -31 | + | Z | UNC | -56 | + | X | UNC | |
DAVENPORT IA | -25 | + | Z | UNC | -62 | + | X | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -35 | + | Z | DN 5 | |||||
UNION CITY IN | -47 | + | Z | UNC | |||||
ANNAWAN IL | -24 | + | Z | UNC | |||||
COUNCIL BLUFFS IA | -18 | + | Z | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -45 | + | Z | UNC | |||||
CINCINNATI OH | UNQ | UNC | |||||||
DECATUR IN | UNQ | UNC | |||||||
BURNS HARBOR IN | UNQ | UNC | |||||||
NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted
NC = Not comparable, DPI = 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: 0#USCSHGRN-PM
For U.S. forward basis spreadsheets, please click:
CORN/BASIS, SOYA/BASIS, WHEAT/BASIS, MILO/BASIS
- CBOT corn report COR/
- CBOT soybean report SOY/C
- CBOT wheat report WHE/C
- U.S. grain barge freight values BG/US
- U.S. Midwest cash grain PM GRA/PM
- U.S. CIF/FOB Gulf Grain GRA/F
Reporting by Heather Schlitz
Editing by Marguerita Choy
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