Processor, river bids for corn rise; sales slow
Spot basis bids for corn rose at U.S. Midwest processors and river elevators on Thursday morning as grain dealers tried to entice farmers to move supplies out of storage bins after weeks of slow sales.
* But country movement of corn remained light, with cash prices below growers' targets.
* The corn basis was flat at the region's interior elevators and mixed at ethanol plants, dealers said.
* The soybean basis was weak at interior elevators, particularly in the eastern half of the region, mixed along rivers, and steady to firm at processors.
* Soybean sales slowed after dealers a flurry of deals earlier in the week, an Iowa dealer said.
* Dealers continued to roll their corn bids to the Chicago Board of Trade March futures contract (CH3) from the December contract (CZ3).
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | ||||||||
CORN | SOYBEANS | |||||||
CINCINNATI OH | -3 | + | Z | UNC | +0 | + | F | DN 8 |
BURNS HARBOR IN | -50 | + | H | NC | -35 | + | F | DN 5 |
DECATUR IN | UNQ | UNC | ||||||
DES MOINES IA | UNQ | UNC | ||||||
LINCOLN NE | +40 | + | H | NC | ||||
PROCESSORS | ||||||||
CORN | SOYBEANS | |||||||
DECATUR IL | +27 | + | H | NC | +25 | + | F | UP 5 |
DECATUR IN | +7 | + | F | UNC | ||||
MORRISTOWN IN | +25 | + | F | UNC | ||||
LAFAYETTE IN | +20 | + | F | UNC | ||||
CEDAR RAPIDS IA | +3 | + | H | UP 3 | -10 | + | F | UNC |
COUNCIL BLUFFS IA | +55 | + | F | UNC | ||||
LINCOLN NE | +65 | + | F | UNC | ||||
BLAIR NE | +65 | + | Z | UP 1 | ||||
RIVER TERMINALS | ||||||||
CORN | SOYBEANS | |||||||
TOLEDO OH | -30 | + | H | UP 10 | -25 | + | F | DN 5 |
SENECA IL | -15 | + | Z | UNC | +0 | + | F | UNC |
SAVANNA IL | -26 | + | Z | UP 10 | -23 | + | F | UP 28 |
DAVENPORT IA | -20 | + | Z | UNC | -5 | + | F | UP 5 |
ETHANOL PLANTS | ||||||||
LINDEN IN | +10 | + | H | UNC | ||||
UNION CITY IN | +14 | + | H | UNC | ||||
ANNAWAN IL | -6 | + | H | UP 2 | ||||
COUNCIL BLUFFS IA | +55 | + | H | DN 5 | ||||
SRW WHEAT | ||||||||
TOLEDO OH | -45 | + | H | UP 5 | ||||
CINCINNATI OH | UNQ | UNC | ||||||
DECATUR IN | -30 | + | N | UNC | ||||
BURNS HARBOR IN | UNQ | 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-PM)
For U.S. forward basis spreadsheets, please click:
(CORN/BASIS), (SOYA/BASIS), (WHEAT/BASIS), (MILO/BASIS)
- CBOT corn report
- CBOT soybean report
- CBOT wheat report
- U.S. grain barge freight values
- U.S. Midwest cash grain AM
- U.S. CIF/FOB Gulf Grain