CHICAGO, July 17 (Reuters) - Spot basis bids for corn delivered to U.S. Midwest elevators and processing plants were flat to lower on Thursday on generally slow demand, while soybean basis bids were mostly unchanged.
An elevator in Cincinnati, Ohio, cut its spot corn basis bid by 7 cents a bushel and a river elevator in Seneca, Illinois, lowered its spot corn bid by a nickel. Basis bids at corn ethanol plants were flat to down 5 cents a bushel.
In one exception to the corn market's weak tone, a processor in Cedar Rapids, Iowa, raised its spot basis bid by 5 cents a bushel for grain delivered in the second week of this month to draw out immediate supplies. Its bid for grain delivered in the third week was 6 cents below the spot bid.
Chicago Board of Trade corn futures slumped on Thursday after U.S. corn export sales last week fell well short of market expectations. A possible shift by Coca-Cola away from high fructose corn syrup in its drinks stoked further demand concerns.
CBOT September corn futures CU25 were down 4 cents at $4.01-1/4 a bushel at 1 p.m. CDT (1800 GMT), while new-crop December corn CZ25 was down 3-1/4 cents at $4.20-3/4 a bushel.
CBOT August soybean futures SQ25 were up 7 cents at $10.20-1/2 per bushel. New-crop November soybeans SX25 were up 6 cents at $10.26-1/2 a bushel.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +20 | + | U | DN 7 | +26 | + | Q | DN 1 | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA | UNQ | UNC | |||||||
LINCOLN NE | -5 | + | U | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | +18 | + | U | UNC | +20 | + | X | UNC | |
DECATUR IN | +10 | + | X | UNC | |||||
MORRISTOWN IN | +25 | + | X | UNC | |||||
LAFAYETTE IN | +20 | + | X | UNC | |||||
CEDAR RAPIDS IA | +7 | + | U | UP 5 | -10 | + | X | UNC | |
COUNCIL BLUFFS IA | -5 | + | X | UNC | |||||
LINCOLN NE | -20 | + | X | UNC | |||||
BLAIR NE | +10 | + | U | DN 2 | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | +10 | + | U | UNC | -50 | + | X | UNC | |
SENECA IL | +0 | + | U | DN 5 | +0 | + | Q | UNC | |
SAVANNA IL | -11 | + | U | UNC | -35 | + | Q | UNC | |
DAVENPORT IA | -5 | + | U | UNC | -10 | + | Q | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | +25 | + | U | DN 5 | |||||
UNION CITY IN | +55 | + | U | UNC | |||||
ANNAWAN IL | -2 | + | U | DN 2 | |||||
COUNCIL BLUFFS IA | +10 | + | U | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -29 | + | U | UNC | |||||
CINCINNATI OH | -22 | + | U | UNC | |||||
DECATUR IN | -25 | + | U | 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 Karl Plume Editing by Sandra Maler)
((karl.plume@thomsonreuters.com; +1 313 484 5285))
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。