US Cash Grains-Soy and corn basis fall as farmer selling swells
CHICAGO, May 10 (Reuters) -Spot basis bids for corn and soy fell in the U.S. Midwest on Friday as farmer selling ticked up ahead of the U.S. Department of Agriculture's monthly supply and demand report.
* The USDA's supply and demand report, set to be released at 1600 GMT, is expected to indicate larger ending stocks for the 2024-25 marketing year than the current marketing year.
* Corn and soybean futures were trading slightly higher ahead of the report. GRA/
* The corn basis fell by 3 cents at an Indiana ethanol plant and by 2 cents at an Iowa ethanol plant.
* The soybean basis fell by 2 cents at an Ohio elevator and by 4 cents at an Iowa river terminal.
* A break in the rain is forecasted for the U.S. Midwest next week, which is expected to accelerate planting, an analyst note said.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | -5 | + | N | UNC | -6 | + | N | DN 2 | |
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 | +0 | + | N | UNC | |||||
MORRISTOWN IN | +0 | + | N | UNC | |||||
LAFAYETTE IN | +0 | + | N | UNC | |||||
CEDAR RAPIDS IA | +5 | + | N | UNC | -10 | + | N | UNC | |
COUNCIL BLUFFS IA | -25 | + | N | UNC | |||||
LINCOLN NE | -20 | + | N | UNC | |||||
BLAIR NE | +10 | + | N | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -35 | + | N | UNC | -40 | + | N | UNC | |
SENECA IL | -10 | + | N | UNC | -16 | + | N | UNC | |
SAVANNA IL | -15 | + | N | UNC | -41 | + | N | UNC | |
DAVENPORT IA | -16 | + | N | UNC | -22 | + | N | DN 4 | |
ETHANOL PLANTS | |||||||||
LINDEN IN | +5 | + | N | UNC | |||||
UNION CITY IN | -8 | + | N | DN 3 | |||||
ANNAWAN IL | -10 | + | N | UNC | |||||
COUNCIL BLUFFS IA | +8 | + | N | DN 2 | |||||
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 Heather Schlitz
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