CHICAGO, Oct 13 (Reuters) - Basis bids for soybeans firmed at several crushing plants in the U.S. Midwest on Monday as the soy harvest wound down while corn bids were mostly steady with a few mixed changes, spot checks showed.
The basis firmed by 10 cents at a Lafayette, Indiana, crushing facility and by 5 cents at processors in Morristown and Decatur, Indiana.
The corn basis firmed at an ethanol plant in Union City, Indiana, and an elevator in Cincinnati, but fell by a penny at Seneca, Illinois, on the Illinois River.
Chicago Board of Trade corn futures ended lower on Monday on pressure from the ongoing harvest while soybean futures firmed as fears eased about U.S.-China trade tensions. GRA/
CBOT November soybean futures SX25 settled up 1 cent at $10.07-3/4 per bushel and December corn CZ25 ended down 2-1/4 cents at $4.10-3/4 a bushel.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +0 | + | Z | UP 2 | -10 | + | X | UNC | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA | UNQ | UNC | |||||||
LINCOLN NE | -42 | + | Z | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | -13 | + | Z | UNC | +0 | + | X | UNC | |
DECATUR IN | -20 | + | X | UP 5 | |||||
MORRISTOWN IN | -20 | + | X | UP 5 | |||||
LAFAYETTE IN | -15 | + | X | UP 10 | |||||
CEDAR RAPIDS IA | -24 | + | Z | UNC | -40 | + | X | UNC | |
COUNCIL BLUFFS IA | -60 | + | X | UNC | |||||
LINCOLN NE | -75 | + | X | UNC | |||||
BLAIR NE | -22 | + | Z | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -35 | + | Z | UNC | -50 | + | X | UNC | |
SENECA IL | -16 | + | Z | DN 1 | -30 | + | X | DN 5 | |
SAVANNA IL | -41 | + | Z | UNC | -66 | + | X | UNC | |
DAVENPORT IA | -25 | + | Z | UNC | -42 | + | X | DN 4 | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -35 | + | Z | UNC | |||||
UNION CITY IN | -12 | + | Z | UP 3 | |||||
ANNAWAN IL | -25 | + | Z | UNC | |||||
COUNCIL BLUFFS IA | -30 | + | Z | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -35 | + | Z | UNC | |||||
CINCINNATI OH | UNQ | UNC | |||||||
DECATUR IN | -45 | Z | 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 Julie Ingwersen; Editing by Shreya Biswas)
((Julie.ingwersen@thomsonreuters.com; 1-313-484-5283))