US Cash Grains-Soy and corn bids mostly flat-up, farmer sales stay slow

Reuters
06-06
US Cash Grains-Soy and corn bids mostly flat-up, farmer sales stay slow

CHICAGO, June 6 (Reuters) - Spot soybean and corn basis bids were mostly steady to higher at U.S. Midwest processing facilities and river terminals on Friday amid a lack of selling by farmers, grain merchants said.

  • The soybean basis rose by 5 cents per bushel at a river terminal in Seneca, Illinois, and was unchanged elsewhere.

  • The corn basis fell by 16 cents at a grain elevator in Cincinnati, Ohio, and rose by 4 cents at an ethanol plant in Union City, Indiana.

  • "Farmer selling appears to be slow still and the soybean basis values at the processor are quiet," CHS Hedging said.

  • Farmers have largely finished planting corn and soybeans.

  • Mostly cloudy, humid weather and scattered showers were limiting late-season planting efforts in the Corn Belt, the U.S. Department of Agriculture said in a daily weather report.

  • The USDA on Monday is slated to issue weekly updates on corn and soy crop condition ratings.

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

-7

+

N

DN 16

+10

+

N

UNC

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

+22

+

N

UNC

DECATUR IN

+35

+

N

UNC

MORRISTOWN IN

+35

+

N

UNC

LAFAYETTE IN

+25

+

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

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

+10

+

N

UNC

+15

+

N

UNC

SENECA IL

-1

+

N

UNC

+0

+

N

UP 5

SAVANNA IL

-16

+

N

UNC

-36

+

N

UNC

DAVENPORT IA

-9

+

N

UNC

-13

+

N

UNC

ETHANOL PLANTS

LINDEN IN

+20

+

N

UNC

UNION CITY IN

+38

+

N

UP 4

ANNAWAN IL

-8

+

N

UNC

COUNCIL BLUFFS IA

0

+

N

UNC

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 Tom Polansek; Editing by Shailesh Kuber)

((Thomas.Polansek@thomsonreuters.com))

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