CHICAGO, June 9 (Reuters) - Spot basis bids for U.S. corn were mostly steady to higher at grain elevators, processing plants and river terminals in the U.S. Midwest on Monday, a spot check showed, as futures sagged.
The corn basis rose by 2 cents at a river terminal in Davenport, Iowa.
Every other location in a spot check was unchanged for both corn and soybean basis bids.
A mild, showery weather pattern is forecast in the U.S. Midwest in the coming days, according to Commodity Weather Group.
The U.S. Department of Agriculture's weekly crop progress report said 71% of the country's corn crop was in good to excellent condition as of Sunday, up from 69% the week prior and slightly above the average estimate in a Reuters survey of analysts.
Benign weather has provided ideal conditions for crop development in the region.
Basis values are quoted against CBOT futures in cents/bu:
Bid | Bid | |||||||
Chicago, Illinois | ||||||||
Corn processors | +12 | + | N | +12 | + | N | UNC | |
Corn elevators | +20 | + | N | +20 | + | N | UNC | |
Soybean elevators | +0 | + | N | +0 | + | N | UNC | |
Wheat elevators | +0 | + | N | +0 | + | N | UNC | |
Wheat processors | -20 | + | N | -20 | + | N | UNC | |
Decatur IL corn | +5 | + | N | +5 | + | N | UNC | |
Decatur IL soybeans | +22 | + | N | +22 | + | N | UNC | |
Burns Harbor IN corn | UNQ | UNQ | UNC | |||||
Burns Harbor IN soy | UNQ | UNQ | UNC | |||||
Lafayette IN soy | +25 | + | N | +25 | + | N | UNC | |
Toledo OH (port) | ||||||||
Corn | +15 | + | N | +15 | + | N | UNC | |
Soy | +10 | + | N | +10 | + | N | UNC | |
SRW wheat | -35 | + | N | -35 | + | N | UNC | |
Davenport IA (river) | ||||||||
Corn | -7 | + | N | -9 | + | N | UP 2 | |
Soy | -13 | + | N | -13 | + | N | UNC | |
Evansville IN (rail) | ||||||||
15-car CSX corn | +27 | + | N | +27 | + | N | UNC | |
Cincinnati OH (rail) | ||||||||
3-car corn | UNQ | UNQ | UNC | |||||
Hereford TX corn | +120 | + | N | +120 | + | N | UNC | |
Columbus OH (rail) | ||||||||
3-car corn | +34 | + | N | +34 | + | N | UNC | |
Morris IL (river) | ||||||||
Corn | +0 | + | N | +0 | + | N | UNC | |
Soybeans | +0 | + | N | +0 | + | N | UNC | |
Fort Worth TX corn | +120 | + | N | +120 | + | N | UNC | |
Blair NE corn | +5 | + | N | +5 | + | N | UNC | |
Council Bluffs, IA (elevator) | ||||||||
Corn | +0 | + | N | +0 | + | N | UNC | |
Soy | -25 | + | N | -25 | + | N | UNC | |
Des Moines IA soy | -10 | + | N | -10 | + | N | UNC | |
Sioux City IA soy | -10 | + | N | -10 | + | N | 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-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 Renee Hickman in Chicago; Editing by David Gregorio)
((renee.hickman@thomsonreuters.com))
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