U.S. Cash Grains-Rail bids for corn weak; soybean bids flat

Reuters

U.S. Cash Grains-Rail bids for corn weak; soybean bids flat

31Jan2023641 GMT

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CHICAGO, Jan 31 (Reuters) -Spot basis bids for corn delivered to U.S. Midwest rail terminals fell on Tuesday, grain dealers said.

* The corn basis was steady to weak at the region's processors, falling by five cents a bushel in Blair, Nebraska.

* Corn bids were unchanged at truck market elevators and along rivers.

* The soy basis was flat at interior elevators, processors and river terminals.

* Activity on the cash market was slow, with cold weather around the region deterring farmers from delivering supplies from contracts they previously booked, dealers said.

* New sales were slow, with prices remaining near levels that farmers have seen in recent weeks.

Basis values are quoted against CBOT futures in cts/bu:

	Current			Previous
ELEVATORS	Bid			Bid
Chicago, Illinois
Corn processors	+0	+	H	+0	+	H	UNC
Corn elevators	+10	+	H	+10	+	H	UNC
Soybean elevators	-10	+	H	-10	+	H	UNC
Wheat elevators	-5	+	H	-5	+	H	UNC
Wheat processors	+0	+	H	+0	+	H	UNC
Decatur IL corn	+27	+	H	+27	+	H	UNC
Decatur IL soybeans	+10	+	H	+10	+	H	UNC
Burns Harbor IN corn	-65	+	H	-65	+	H	UNC
Burns Harbor IN soy	-65	+	H	-65	+	H	UNC
Lafayette IN soy	-5	+	H	-5	+	H	UNC
Toledo OH (port)
Corn	-30	+	H	-30	+	H	UNC
Soy	-28	+	H	-28	+	H	UNC
SRW wheat	-25	+	H	-25	+	H	UNC
Davenport IA (river)
Corn	+0	+	K	+0	+	K	UNC
Soy	-8	+	K	-8	+	K	UNC
Evansville IN (rail)
15-car CSX corn	+19	+	H	+23	+	H	DN 4
Cincinnati OH (rail)
3-car corn	UNQ			UNQ			UNC
Hereford TX corn	+170	+	H	+170	+	H	UNC
Columbus OH (rail)
3-car corn	+10	+	H	+14	+	H	DN 4
Morris IL (river)
Corn	-15	+	H	-15	+	H	UNC
Soybeans	+3	+	H	+3	+	H	UNC
Fort Worth TX corn	+170	+	H	+170	+	H	UNC
Blair NE corn	+50	+	H	+55	+	H	DN 5
Council Bluffs, IA (elevator)
Corn	+36	+	H	+36	+	H	UNC
Soy	-5	+	H	-5	+	H	UNC
Des Moines IA soy	-5	+	H	-5	+	H	UNC
Sioux City IA soy	-10	+	H	-10	+	H	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

-------------------------------------------------------------

LINKS: 0#USCSHGRN-AM

For U.S. forward basis spreadsheets, please click on:

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 AM GRA/M

- U.S. CIF/FOB Gulf Grain GRA/F

Reporting by Mark Weinraub; Editing by Paul Simao

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U.S. Cash Grains-Rail bids for corn weak; soybean bids flat

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