CHICAGO, Nov 12 (Reuters) - Spot basis bids for corn and soybeans delivered to U.S. Midwest processing plants and barge-loading river elevators were mostly steady to higher on Wednesday, supported by slow farmer selling, brokers said.
The spot soybean basis bid rose by 5 cents a bushel at a crush plant in Decatur, Indiana, and by 5 cents at a river elevator in Savanna, Illinois.
An ethanol plant in Union City, Indiana, raised its spot corn basis bid by 2 cents a bushel, while a Savanna, Illinois, river terminal lifted its bid by 5 cents.
Farmer selling was minimal on Wednesday as prices remain below recent highs and growers await a U.S. Department of Agriculture crop supply and demand report due on Friday.
The USDA is expected to cut its U.S. corn and soybean production estimates in the report.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | -4 | + | Z | DN 6 | -13 | + | F | DN 2 | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA | UNQ | UNC | |||||||
LINCOLN NE | -47 | + | Z | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | +5 | + | Z | UNC | +0 | + | F | UNC | |
DECATUR IN | -5 | + | F | UP 5 | |||||
MORRISTOWN IN | +0 | + | F | UNC | |||||
LAFAYETTE IN | -10 | + | F | UNC | |||||
CEDAR RAPIDS IA | -21 | + | Z | UNC | -25 | + | F | UNC | |
COUNCIL BLUFFS IA | -50 | + | F | UNC | |||||
LINCOLN NE | -45 | + | F | UNC | |||||
BLAIR NE | -20 | + | Z | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -15 | + | Z | UNC | -35 | + | F | UNC | |
SENECA IL | -14 | + | Z | UNC | -25 | + | F | UNC | |
SAVANNA IL | -36 | + | Z | UP 5 | -61 | + | F | UP 5 | |
DAVENPORT IA | -27 | + | Z | UNC | -45 | + | F | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -7 | + | Z | UNC | |||||
UNION CITY IN | +12 | + | Z | UP 2 | |||||
ANNAWAN IL | -10 | + | Z | UNC | |||||
COUNCIL BLUFFS IA | -20 | + | Z | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -35 | + | Z | UNC | |||||
CINCINNATI OH | UNQ | UNC | |||||||
DECATUR IN | -30 | + | Z | 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 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 Karl Plume in Chicago; Editing by Richard Chang)
((karl.plume@thomsonreuters.com; +1 313 484 5285))