US Cash Grains-Midwest corn basis steady-easier; soy basis flat
CHICAGO, May 15 (Reuters) -Spot basis bids for corn were steady to weaker in the U.S. Midwest on Wednesday, reflecting increased pipeline supplies following a pickup in farmer grain sales in recent days as Chicago Board of Trade corn futures climbed to four-month highs.
* CBOT corn declined by mid-session on Wednesday but the benchmark July futures contract CN24 continued to hover near the highs set earlier this week. GRA/
* The spot basis fell by 8 cents a bushel at a corn processing facility in Cedar Rapids, Iowa, and by 4 cents at a Savanna, Illinois, elevator on the Illinois River where grain is loaded onto barges for shipment toward the U.S. Gulf.
* Soybean basis bids were unchanged, spot checks showed on Wednesday.
* The U.S. soybean crush plunged in April to a seven-month low, missing all trade estimates, while soyoil stocks unexpectedly declined, according to the National Oilseed Processors Association's monthly crush report.
* NOPA members, which account for around 95% of soybeans crushed in the United States, crushed 166.034 million bushels of soybeans in April, down 15.5% from a record-high 196.406 million bushels in March and down 4.2% from a year ago.
* CBOT soybean futures SN24 pared gains after the NOPA data was released. GRA/
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | -10 | + | N | UNC | -9 | + | N | UNC | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA | UNQ | UNC | |||||||
LINCOLN NE | -13 | + | N | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | -2 | + | N | UNC | +7 | + | N | UNC | |
DECATUR IN | -3 | + | N | UNC | |||||
MORRISTOWN IN | -5 | + | N | UNC | |||||
LAFAYETTE IN | +0 | + | N | UNC | |||||
CEDAR RAPIDS IA | +0 | + | N | DN 8 | -15 | + | N | UNC | |
COUNCIL BLUFFS IA | -25 | + | N | UNC | |||||
LINCOLN NE | -20 | + | N | UNC | |||||
BLAIR NE | +8 | + | N | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -35 | + | N | UNC | -40 | + | N | UNC | |
SENECA IL | -16 | + | N | UNC | -16 | + | N | UNC | |
SAVANNA IL | -21 | + | N | DN 4 | -43 | + | N | UNC | |
DAVENPORT IA | -20 | + | N | UNC | -23 | + | N | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | +0 | + | N | UNC | |||||
UNION CITY IN | -10 | + | N | UNC | |||||
ANNAWAN IL | -10 | + | N | UNC | |||||
COUNCIL BLUFFS IA | +6 | + | N | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -50 | + | N | UNC | |||||
CINCINNATI OH | UNQ | UNC | |||||||
DECATUR IN | -80 | + | 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 Will Dunham
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