CHICAGO, July 10 (Reuters) - Spot basis bids for corn were steady to mixed in a spot check of elevators, processors and river terminals in the U.S. Midwest on Thursday, while soybean bids were mostly steady to higher at processors and river terminals.
The corn basis improved at a processor in Decatur, Illinois and and river terminal in Davenport, Iowa. It fell at a processor in Cedar Rapids, Iowa and rose at a river terminal in Seneca, Illinois.
The soybean basis rose at processors in Morristown and Lafayette, Indiana and the river terminal in Seneca, Illinois.
Soybean and corn futures rebounded as traders squared positions ahead of monthly U.S. crop supply/demand reports due Friday, while favorable Midwest weather capped rallies, brokers said.
Chicago Board of Trade December corn futures CZ25 settled up 1 cent to $4.16-1/2 per bushel. CBOT November soy futures SX25 rose 6-1/2 cents to end at $10.13-3/4 per bushel.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +26 | + | N | DN 2 | +23 | + | Q | DN 2 | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA | UNQ | UNC | |||||||
LINCOLN NE | -10 | + | U | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | +18 | + | U | UP 3 | +25 | + | X | UNC | |
DECATUR IN | +10 | + | X | UNC | |||||
MORRISTOWN IN | +25 | + | X | UP 5 | |||||
LAFAYETTE IN | +20 | + | X | UP 5 | |||||
CEDAR RAPIDS IA | -2 | + | U | DN 3 | -15 | + | X | UNC | |
COUNCIL BLUFFS IA | -5 | + | X | UNC | |||||
LINCOLN NE | -10 | + | X | UNC | |||||
BLAIR NE | +15 | + | U | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | +10 | + | U | UNC | -50 | + | X | UNC | |
SENECA IL | +10 | + | U | DN 3 | +1 | + | Q | UP 1 | |
SAVANNA IL | -11 | + | U | UNC | -35 | + | Q | UNC | |
DAVENPORT IA | +1 | + | U | UP 1 | -9 | + | Q | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | +25 | + | U | UNC | |||||
UNION CITY IN | +55 | + | U | UNC | |||||
ANNAWAN IL | +0 | + | U | UNC | |||||
COUNCIL BLUFFS IA | +10 | + | U | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -29 | + | U | UNC | |||||
CINCINNATI OH | UNQ | UNC | |||||||
DECATUR IN | -25 | + | U | UP 5 |
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; 9)
((renee.hickman@thomsonreuters.com))
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