CHICAGO, June 24 (Reuters) - Soybean basis bids were flat to higher at processing facilities around the U.S. Midwest on Tuesday as dealers tried to re-engage farmers, according to analysts.
ADM raised its basis by 40 cents at a processor in Decatur, Illinois to try to coax beans from farmers as futures fell, according to one analyst note.
River terminals were adequately covered, the note said.
The corn basis rose by 3 cents at an elevator in Blair, Nebraska.
Rains mixed with warmer weather are expected to provide ideal growing conditions in the U.S. Midwest in the coming weeks, according to forecasters, pressuring corn and soybean futures.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +11 | + | N | UNC | +0 | + | N | DN 1 | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA | UNQ | UNC | |||||||
LINCOLN NE | -18 | + | N | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | +8 | + | N | UNC | +20 | + | X | UP 40 | |
DECATUR IN | +10 | + | N | UNC | |||||
MORRISTOWN IN | +15 | + | N | UNC | |||||
LAFAYETTE IN | -2 | + | N | UNC | |||||
CEDAR RAPIDS IA | -2 | + | N | UNC | -25 | + | X | UNC | |
COUNCIL BLUFFS IA | -20 | + | N | UNC | |||||
LINCOLN NE | -35 | + | X | UNC | |||||
BLAIR NE | +10 | + | N | UP 3 | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | +10 | + | N | UNC | -50 | + | X | UNC | |
SENECA IL | -1 | + | N | UNC | -5 | + | N | UNC | |
SAVANNA IL | -13 | + | N | UNC | -36 | + | N | UNC | |
DAVENPORT IA | -10 | + | N | UNC | -28 | + | N | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | +15 | + | N | UNC | |||||
UNION CITY IN | +40 | + | N | UNC | |||||
ANNAWAN IL | -7 | + | N | UNC | |||||
COUNCIL BLUFFS IA | +4 | + | 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
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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 Renee Hickman; Editing by Cynthia Osterman)
((renee.hickman@thomsonreuters.com))
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