US Cash Grains-Soybean bids continue downward trend; corn bids steady

Reuters
06-18
US Cash Grains-Soybean bids continue downward trend; corn bids steady

CHICAGO, June 17 (Reuters) - Spot soybean basis bids continued to drop in the U.S. Midwest on Tuesday after basis values eroded in previous days while corn bids were higher.

  • Soybean bids ticked lower at an Ohio elevator, Iowa processor and an Iowa river terminal.

  • Corn bids ticked higher at an Iowa processor, an Illinois river terminal and an Iowa ethanol plant.

  • Expectations for a large harvest and limp demand have added pressure to soybean basis values.

  • Chicago Board of Trade soybean futures were higher on Tuesday, supported by rising crude oil prices and uncertainty about Midwest crop weather in the weeks ahead, while soyoil prices eased following a sharp two-day rally tied to stronger U.S. biofuel blending mandates

  • Chicago Board of Trade July soybean futures SN25 rose 4-1/4 cents to settle at $10.74 per bushel.

  • CBOT corn futures fell 3-1/4 cents to settle at $4.31-1/2 per bushel.

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+10

+

N

UNC

+3

+

N

DN 5

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

-20

+

N

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

+8

+

N

UNC

-20

+

X

UNC

DECATUR IN

+10

+

N

DN 5

MORRISTOWN IN

+20

+

N

UNC

LAFAYETTE IN

-5

+

N

UNC

CEDAR RAPIDS IA

+0

+

N

UP 1

-25

+

X

DN 10

COUNCIL BLUFFS IA

-20

+

N

UNC

LINCOLN NE

-35

+

X

UNC

BLAIR NE

+6

+

N

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

+10

+

N

UNC

-50

+

X

UNC

SENECA IL

-1

+

N

UNC

-9

+

N

UNC

SAVANNA IL

-13

+

N

UP 2

-36

+

N

UNC

DAVENPORT IA

-9

+

N

UNC

-28

+

N

DN 6

ETHANOL PLANTS

LINDEN IN

+15

+

N

UNC

UNION CITY IN

+40

+

N

UNC

ANNAWAN IL

-10

+

N

UNC

COUNCIL BLUFFS IA

+2

+

N

UP 2

SRW WHEAT

TOLEDO OH

-25

+

N

UNC

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 = JulyQ = 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 COR/

- CBOT soybean report SOY/C

- CBOT wheat report WHE/C

- U.S. grain barge freight values BG/US

- U.S. Midwest cash grain PM GRA/PM

- U.S. CIF/FOB Gulf Grain GRA/F

(Reporting by Heather Schlitz; Editing by David Gregorio)

((Heather.Schlitz@thomsonreuters.com;))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10