US Cash Grains-Corn and soy basis firms at multiple locations

Reuters
昨天
US Cash Grains-Corn and soy basis firms at multiple locations

CHICAGO, Oct 17 (Reuters) - Corn and soybean basis bids were steady to higher at elevators, processors and ethanol plants in the U.S. Midwest on Friday as the harvest progressed, a spot check of locations showed.

  • Showers crossing portions of the Midwest in the next 1-5 days are expected to cause few interruptions to the ongoing corn and soybean harvest, according to Commodity Weather Group.

  • The corn basis rose by 2 cents per bushel at a processor in Cedar Rapids, Iowa and at an ethanol plant in Union City, Indiana.

  • The soybean basis rose by a cent at an elevator in Cincinnati, Ohio and by 5 cents and 10 cents, respectively, at processors in Decatur, Indiana and Morristown, Indiana.

  • On the Chicago Board of Trade, December corn futures CZ25 rose 3/4 cent to $4.22-1/2 a bushel. November soybeans SX25 climbed 8-3/4 cents at $10.19-1/2 a bushel.

Basis values are quoted against CBOT futures in cts/bu:

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+0

+

Z

UNC

-8

+

X

UP 1

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

+5

+

X

UNC

DECATUR IN

-15

+

X

UP 5

MORRISTOWN IN

-10

+

X

UP 10

LAFAYETTE IN

-15

+

X

UNC

CEDAR RAPIDS IA

-22

+

Z

UP 2

-25

+

X

UNC

COUNCIL BLUFFS IA

-60

+

X

UNC

LINCOLN NE

-75

+

X

UNC

BLAIR NE

-17

+

Z

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

-35

+

Z

UNC

-50

+

X

UNC

SENECA IL

-17

+

Z

UNC

-30

+

X

UNC

SAVANNA IL

-41

+

Z

UNC

-66

+

X

UNC

DAVENPORT IA

-28

+

Z

UNC

-40

+

X

UNC

ETHANOL PLANTS

LINDEN IN

-40

+

Z

UNC

UNION CITY IN

-10

+

Z

UP 2

ANNAWAN IL

-15

+

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

--------------------------------------------------------

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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