US Cash Grains-Soybean and corn bids mostly flat as futures firm

Reuters
06-12
US Cash Grains-Soybean and corn bids mostly flat as futures firm

CHICAGO, June 11 (Reuters) - Spot soybean and corn basis bids were mostly steady at U.S. Midwest river terminals, grain elevators and processing facilities on Wednesday, with a few exceptions, according to a spot check of locations.

  • The soybean basis lost 5 cents at a processor in Lincoln, Nebraska.

  • The corn basis increased by 5 cents at a grain elevator, also in Lincoln, Nebraska.

  • Temperatures have been well below normal in the U.S. Midwest, according to weather forecaster Vaisala, slowing germination and early growth of corn and soybeans. But the forecaster said rains will become more widespread in the region in the next 6-15 days.

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+9

+

N

UNC

+10

+

N

UNC

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

-20

+

N

UP 5

PROCESSORS

CORN

SOYBEANS

DECATUR IL

+5

+

N

UNC

+22

+

N

UNC

DECATUR IN

+35

+

N

UNC

MORRISTOWN IN

+40

+

N

UNC

LAFAYETTE IN

+25

+

N

UNC

CEDAR RAPIDS IA

-1

+

N

UNC

-15

+

N

UNC

COUNCIL BLUFFS IA

-10

+

N

UNC

LINCOLN NE

-15

+

N

DN 5

BLAIR NE

+5

+

N

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

+10

+

N

UNC

+15

+

N

UNC

SENECA IL

+0

+

N

UNC

+0

+

N

UNC

SAVANNA IL

-15

+

N

UNC

-36

+

N

UNC

DAVENPORT IA

-7

+

N

UNC

-13

+

N

UNC

ETHANOL PLANTS

LINDEN IN

+20

+

N

UNC

UNION CITY IN

+40

+

N

UNC

ANNAWAN IL

-10

+

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 Renee Hickman; Editing by David Gregorio)

((renee.hickman@thomsonreuters.com))

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