US Cash Grains-Corn, soybean basis bids mostly steady to weaker
CHICAGO, June 8 (Reuters) -Spot basis bids for corn were mostly steady to weaker in the U.S. Midwest on Thursday, ticking down a few cents per bushel at two ethanol plants and at Decatur, Illinois, a processing hub, grain dealers said.
* However, the corn basis rose by 8 cents at Seneca, Illinois, on the Illinois River, where grain is loaded onto barges for shipment to U.S. Gulf exporters.
* Despite the softer overall trend in the corn basis this week, the Chicago Board of Trade nearby July CN3 futures contract continues to trade at a hefty premium to back months, typically an indication of strong cash markets and brisk demand for the grain.
* Basis bids for soybeans were flat to weaker on Thursday, with the basis dropping by 20 cents at Davenport, Iowa, on the Mississippi River.
* Numerous locations have rolled their basis bids to the CBOT August futures SQ3 contract for soybeans or the CBOT September contract CU3 for corn as the July futures contracts approach their delivery phase.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +15 | + | N | UNC | +37 | + | N | DN 4 | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA | UNQ | UNC | |||||||
LINCOLN NE | +95 | + | U | NC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | +47 | + | N | DN 3 | +65 | + | N | UNC | |
DECATUR IN | +130 | + | Q | NC | |||||
MORRISTOWN IN | +100 | + | Q | NC | |||||
LAFAYETTE IN | +40 | + | N | UNC | |||||
CEDAR RAPIDS IA | +50 | + | N | UNC | +80 | + | Q | NC | |
COUNCIL BLUFFS IA | +85 | + | Q | UNC | |||||
LINCOLN NE | +70 | + | Q | UNC | |||||
BLAIR NE | +110 | + | U | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | +0 | + | N | UNC | +15 | + | N | UNC | |
SENECA IL | +30 | + | N | UP 8 | +0 | + | N | UNC | |
SAVANNA IL | +19 | + | N | UNC | -16 | + | N | UNC | |
DAVENPORT IA | +25 | + | N | UNC | +10 | + | N | DN 20 | |
ETHANOL PLANTS | |||||||||
LINDEN IN | +35 | + | N | UNC | |||||
UNION CITY IN | +45 | + | N | DN 3 | |||||
ANNAWAN IL | +30 | + | N | DN 8 | |||||
COUNCIL BLUFFS IA | +125 | + | U | NC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -30 | + | N | UNC | |||||
CINCINNATI OH | -14 | + | N | UNC | |||||
DECATUR IN | -25 | + | N | 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 Julie Ingwersen; Editing by Jan Harvey
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