US Cash Grains-Corn, soy basis mixed amid slow movement

Reuters
01/07
US Cash Grains-Corn, soy basis mixed amid slow movement

CHICAGO, Jan 6 (Reuters) - Spot basis bids for corn and soybeans were mixed in the U.S. Midwest on Tuesday as farmer selling remained slow, dealers said.

  • The announcement of payment rates for the U.S. Department of Agriculture's Farmer Bridge Assistance program may have discouraged farmers from selling their crop.

  • Market players are waiting for the U.S. Department of Agriculture to issue key data on global supplies and demand on January 12. Among other data, they will examine quarterly U.S. grain and soy stocks as of December 1.

  • Soybeans moved higher after China's state stockpiler Sinograin bought 10 U.S. soybean cargoes this week, three traders told Reuters on Tuesday.

  • As of midday, CBOT March corn CH26 was up 1-1/2 cents to $4.46 a bushel, and March soybeans SH26 were up 1-1/4 cents to $10.63-1/4 a bushel.

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+0

+

H

UNC

+0

+

H

NC

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

-10

+

H

NC

UNQ

UNC

DES MOINES IA

UNQ

UNC

UNQ

UNC

LINCOLN NE

-42

+

H

UNC

UNQ

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

+5

+

H

DN 2

+5

+

H

UNC

DECATUR IN

-10

+

H

UNC

MORRISTOWN IN

-10

+

H

UNC

LAFAYETTE IN

-10

+

H

UNC

CEDAR RAPIDS IA

-15

+

H

UNC

-30

+

H

UNC

COUNCIL BLUFFS IA

-45

+

H

UNC

LINCOLN NE

-45

+

H

UNC

BLAIR NE

-10

+

H

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

-5

+

H

UNC

-15

+

H

UNC

SENECA IL

-6

+

H

UP 2

-14

+

H

UP 3

SAVANNA IL

-26

+

H

UNC

-51

+

H

UNC

DAVENPORT IA

-10

+

H

UNC

-18

+

H

UNC

ETHANOL PLANTS

LINDEN IN

-7

+

H

UNC

UNION CITY IN

+14

+

H

DN 2

ANNAWAN IL

-8

+

H

DN 4

COUNCIL BLUFFS IA

-13

+

H

UNC

SRW WHEAT

TOLEDO OH

-10

+

H

UNC

CINCINNATI OH

UNQ

UNC

DECATUR IN

-30

+

H

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;))

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