CHICAGO, Aug 25 (Reuters) - Spot basis bids for soybeans delivered to U.S. Midwest processors were steady-to-lower on Monday due to easing demand, while corn bids fell at some ethanol plants, grain merchants said.
Soy processors have lowered their bids as some facilities are set to suspend operations for seasonal maintenance and repairs.
A processor in Lincoln, Nebraska, dropped its spot bid by 15 cents a bushel.
Farmers were projected to start harvesting a record-breaking corn crop in the coming weeks, bringing fresh supplies to grain elevators and processing facilities.
The U.S. Department of Agriculture will likely trim its U.S. corn and soybean crop ratings in a weekly report due later on Monday, analysts said in a Reuters poll, though large harvests were still expected.
Chicago Board of Trade soy futures Sv1 fell, while corn futures Cv1 were nearly unchanged in afternoon trading.
Basis values are quoted against CBOT futures in cents/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | -2 | + | U | UNC | -43 | + | X | UNC | |
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 | +10 | + | U | DN 5 | +5 | + | X | DN 5 | |
DECATUR IN | -25 | + | X | UNC | |||||
MORRISTOWN IN | -5 | + | X | UNC | |||||
LAFAYETTE IN | +10 | + | X | UNC | |||||
CEDAR RAPIDS IA | +0 | + | U | UP 4 | -45 | + | X | UNC | |
COUNCIL BLUFFS IA | -25 | + | X | UNC | |||||
LINCOLN NE | -55 | + | X | DN 15 | |||||
BLAIR NE | +0 | + | U | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -10 | + | U | UNC | -55 | + | X | UNC | |
SENECA IL | -10 | + | U | UNC | -20 | + | X | UNC | |
SAVANNA IL | -21 | + | U | UNC | -66 | + | X | UNC | |
DAVENPORT IA | -12 | + | U | UNC | -65 | + | X | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | +25 | + | U | UNC | |||||
UNION CITY IN | +11 | + | U | DN 2 | |||||
ANNAWAN IL | -14 | + | U | UNC | |||||
COUNCIL BLUFFS IA | -4 | + | U | DN 2 | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -32 | + | U | UNC | |||||
CINCINNATI OH | UNQ | UNC | |||||||
DECATUR IN | -25 | U | NC | ||||||
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 = July, Q = 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 in Chicago; editing by Barbara Lewis)
((Thomas.Polansek@thomsonreuters.com))
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