Soybean basis steady to weaker at processors
Basis bids for soybeans were flat to lower at processors and corn basis bids were flat to lower at river terminals and ethanol plants in the U.S. Midwest on Monday, a spot check of locations showed.
The soybean basis fell at processors in Decatur, Indiana, Lafayette, Indiana and Cedar Rapids, Iowa.
The corn basis fell at river terminals in Toledo, Ohio and Savanna, Illinois. It also fell at an ethanol plant in Union City, Indiana.
The U.S. Department of Agriculture reported export inspections for the week ended July 31 at 1,207,642 metric tons for corn, and 612,539 metric tons for soybeans.
Weather in the U.S. Midwest corn belt was expected to be non-threatening, benefitting corn and soybean crop development into the beginning of August, according to forecasters.
As of 11:38 a.m. CST (1638 GMT) CBOT September corn futures (CU25) were down 1-1/4 cents at $3.88-1/4 a bushel and new-crop December corn (CZ25) was down 2 cents at $4.08-3/4 a bushel.
CBOT August soybeans (SQ25) ended up 8 cents at $9.69-3/4 a bushel and the new-crop November contract (SX25) was up 7 cents at $9.96-1/4.
ELEVATORS | ||||||||
CORN | SOYBEANS | |||||||
CINCINNATI OH | -4 | + | U | UP 1 | -63 | + | X | UNC |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | ||||
DECATUR IN | UNQ | UNC | ||||||
DES MOINES IA | UNQ | UNC | ||||||
LINCOLN NE | -10 | + | U | UNC | ||||
PROCESSORS | ||||||||
CORN | SOYBEANS | |||||||
DECATUR IL | +17 | + | U | UNC | +10 | + | X | UNC |
DECATUR IN | -15 | + | X | DN 5 | ||||
MORRISTOWN IN | +20 | + | X | UNC | ||||
LAFAYETTE IN | +15 | + | X | DN 10 | ||||
CEDAR RAPIDS IA | +2 | + | U | UNC | -30 | + | X | DN 10 |
COUNCIL BLUFFS IA | -20 | + | X | UNC | ||||
LINCOLN NE | -30 | + | X | UNC | ||||
BLAIR NE | +0 | + | U | UNC | ||||
RIVER TERMINALS | ||||||||
CORN | SOYBEANS | |||||||
TOLEDO OH | -5 | + | U | DN 5 | -50 | + | X | UNC |
SENECA IL | +0 | + | U | UNC | -22 | + | X | NC |
SAVANNA IL | -15 | + | U | DN 2 | -46 | + | X | NC |
DAVENPORT IA | -13 | + | U | UNC | -49 | + | X | UNC |
ETHANOL PLANTS | ||||||||
LINDEN IN | +20 | + | U | UNC | ||||
UNION CITY IN | +35 | + | U | DN 4 | ||||
ANNAWAN IL | -10 | + | U | UNC | ||||
COUNCIL BLUFFS IA | +0 | + | U | UNC | ||||
SRW WHEAT | ||||||||
TOLEDO OH | -32 | + | U | UNC | ||||
CINCINNATI OH | UNQ | U | UNC | |||||
DECATUR IN | -25 | + | U | 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
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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
- CBOT soybean report
- CBOT wheat report
- U.S. grain barge freight values
- U.S. Midwest cash grain PM
- U.S. CIF/FOB Gulf Grain
