US Cash Grains-Corn bids mixed, soy higher as farmers hesitate to sell

Reuters
06-05
US Cash Grains-Corn bids mixed, soy higher as farmers hesitate to sell

CHICAGO, June 4 (Reuters) - Spot soybean bids were steady to stronger while corn bids were mixed in the U.S. Midwest on Wednesday as farmers remained reluctant to book sales amid relatively low prices, dealers said.

  • Soybean bids ticked up at an Ohio elevator and an Iowa river terminal.

  • Corn bids rose at an Indiana ethanol plant and a Nebraska processor. Bids fell at river terminals in Illinois and Iowa.

  • Favorable conditions for U.S. crops remained a curb on prices, which hit a six-month low for corn on Tuesday and a seven-week low for soybeans on Monday.

  • Corn planting is nearly completed while soy seeding is drawing to a close.

  • Soybean futures Sv1 were last up 9 cents to $10.49-3/4 per bushel. Corn futures Cv1 were up 8-1/4 cents to $10.42-1/2 per bushel

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+10

+

N

UNC

+10

+

N

UP 3

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

-25

+

N

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

+5

+

N

UNC

+20

+

N

UNC

DECATUR IN

+35

+

N

UNC

MORRISTOWN IN

+35

+

N

UNC

LAFAYETTE IN

+30

+

N

UNC

CEDAR RAPIDS IA

-1

+

N

UNC

-15

+

N

UNC

COUNCIL BLUFFS IA

-10

+

N

UNC

LINCOLN NE

-10

+

N

UNC

BLAIR NE

+5

+

N

UP 3

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

+10

+

N

UNC

+15

+

N

UNC

SENECA IL

-1

+

N

DN 1

-5

+

N

UNC

SAVANNA IL

-18

+

N

UNC

-36

+

N

UNC

DAVENPORT IA

-9

+

N

DN 2

-13

+

N

UP 2

ETHANOL PLANTS

LINDEN IN

+20

+

N

UP 5

UNION CITY IN

+34

+

N

UNC

ANNAWAN IL

-8

+

N

UNC

COUNCIL BLUFFS IA

+0

+

N

UNC

SRW WHEAT

TOLEDO OH

-25

+

N

UNC

CINCINNATI OH

UNQ

UNC

DECATUR IN

-50

+

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 SchlitzEditing by Marguerita Choy)

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

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