CHICAGO, Dec 12 (Reuters) - Spot basis bids for corn were steady to higher at elevators and processors, flat to lower at river terminals and ethanol plants as futures dipped on Friday, a spot check of locations showed.
CBOT March corn CH26 settled down 5-3/4 cents at $4.40-3/4 per bushel.
Traders shrugged off support from news that the U.S. Department of Agriculture (USDA) confirmed sales of 250,000 metric tons of U.S. corn to undisclosed destinations.
Corn exports have been robust this week. The USDA on Tuesday raised its U.S. corn export forecast, as sales of the grain to global buyers have been stronger than anticipated.
Data from the U.S. Commodity Futures Trading Commission showed that managed commodity funds built a massive net long position in CBOT soybean futures by mid-November, leaving the market prone to bouts of long liquidation.
CBOT January soybeans SF26 settled down 16-3/4 cents at $10.76-3/4 per bushel after dipping to $10.75-3/4, the contract's lowest since October 30.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | -1 | + | H | UP 9 | +1 | + | F | ||
BURNS HARBOR IN | UNQ | UNC | UNQ | NC | |||||
DECATUR IN | UNQ | UNC | UNQ | NC | |||||
DES MOINES IA | UNQ | UNC | UNQ | NC | |||||
LINCOLN NE | -50 | + | H | UNC | UNQ | NC | |||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | +0 | + | H | UNC | +5 | + | F | ||
DECATUR IN | NC | -5 | + | F | |||||
MORRISTOWN IN | NC | -10 | + | F | |||||
LAFAYETTE IN | NC | -5 | + | F | |||||
CEDAR RAPIDS IA | -5 | + | H | UNC | -25 | + | F | ||
COUNCIL BLUFFS IA | NC | -40 | + | F | |||||
LINCOLN NE | NC | -40 | + | F | |||||
BLAIR NE | -7 | + | H | UP 4 | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -5 | + | H | UNC | -20 | + | F | ||
SENECA IL | -7 | + | H | DN 2 | -10 | + | F | ||
SAVANNA IL | -31 | + | H | UNC | -61 | + | F | ||
DAVENPORT IA | -19 | + | H | UNC | -30 | + | F | ||
ETHANOL PLANTS | |||||||||
LINDEN IN | -8 | + | H | UNC | |||||
UNION CITY IN | +15 | + | H | DN 1 | |||||
ANNAWAN IL | -6 | + | H | UNC | |||||
COUNCIL BLUFFS IA | -15 | + | H | DN 2 | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -20 | + | H | UNC | |||||
CINCINNATI OH | UNQ | UNC | |||||||
DECATUR IN | -30 | + | 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 Renee Hickman; editing by Diane Craft)
((renee.hickman@thomsonreuters.com))