US Cash Grains-Corn and soy basis bids stay mostly flat

Reuters
03-14
US Cash Grains-Corn and soy basis bids stay mostly flat

CHICAGO, March 13 (Reuters) - Spot basis bids for U.S. corn and soybeans were mostly unchanged on Thursday, spot checks showed.

* A large grain processor in Decatur, Illinois, increased its spot soybean basis bid by 7 cents a bushel.

* A port facility in Toledo, Ohio, raised its corn basis by 4 cents, while a rail market in Columbus, Ohio, lowered its corn basis by 1 cent.

* Processors have recently increased their corn and soy bids to encourage farmer selling.

* Above-normal precipitation should reduce drought across the Midwest and central Plains this week, weather forecaster Maxar said, as farmers prepare for spring plantings.

* Chicago Board of Trade corn and soybean futures ended stronger after coming under pressure over the last three weeks from worries about trade disputes hurting U.S. agricultural exports.GRA/

Basis values are quoted against CBOT futures in cents/bu:

Current

Previous

ELEVATORS

Bid

Bid

Chicago, Illinois

Corn processors

+2

+

K

+2

+

K

UNC

Corn elevators

-25

+

K

-25

+

K

UNC

Soybean elevators

-15

+

K

-15

+

K

UNC

Wheat elevators

+0

+

K

+0

+

K

UNC

Wheat processors

-10

+

K

-10

+

K

UNC

Decatur IL corn

-8

+

K

-8

+

K

UNC

Decatur IL soybeans

+0

+

K

-7

+

K

UP 7

Burns Harbor IN corn

UNQ

UNQ

UNC

Burns Harbor IN soy

UNQ

UNQ

UNC

Lafayette IN soy

-7

+

K

-7

+

K

UNC

Toledo OH (port)

Corn

-6

+

K

-10

+

K

UP 4

Soy

-25

+

K

-25

+

K

UNC

SRW wheat

-45

+

K

-45

+

K

UNC

Davenport IA (river)

Corn

-25

+

K

-25

+

K

UNC

Soy

-25

+

K

-25

+

K

UNC

Evansville IN (rail)

15-car CSX corn

UNQ

UNQ

UNC

Cincinnati OH (rail)

3-car corn

UNQ

UNQ

UNC

Hereford TX corn

+130

+

K

+130

+

K

UNC

Columbus OH (rail)

3-car corn

+14

+

K

+15

+

K

DN 1

Morris IL (river)

Corn

-20

+

K

-20

+

K

UNC

Soybeans

-15

+

K

-15

+

K

UNC

Fort Worth TX corn

+130

+

K

+130

+

K

UNC

Blair NE corn

-19

+

K

-19

+

K

UNC

Council Bluffs, IA (elevator)

Corn

-17

+

K

-17

+

K

UNC

Soy

-40

+

K

-40

+

K

UNC

Des Moines IA soy

-35

+

K

-35

+

K

UNC

Sioux City IA soy

-25

+

K

-25

+

K

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 Tom Polansek; Editing by Will Dunham)

((Thomas.Polansek@thomsonreuters.com))

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