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