US Cash Grains-Corn, soy basis bids hold steady as futures slump

Reuters
03/05
US Cash Grains-Corn, soy basis bids hold steady as futures slump

CHICAGO, March 4 (Reuters) - Basis bids remained largely unchanged for corn and soybeans across the U.S. Midwest on Wednesday as futures prices sagged, dealers said.

  • Farmer sales of corn slowed a bit as prices pulled back, a broker said.

  • Chicago Board of Trade May corn CK26 futures were down 3-1/2 cents at $4.43 per bushel around midday. May soybeans SK26 eased 3/4 cent to $11.69-3/4 per bushel.

  • U.S. output of corn-based ethanol declined in the latest week, the Energy Information Administration said.

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+4

+

H

UNC

+5

+

H

UNC

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

H

UNC

UNQ

H

UNC

DES MOINES IA

UNQ

UNC

UNQ

UNC

LINCOLN NE

-42

+

K

UNC

-70

+

K

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

-3

+

K

UNC

+0

+

K

UNC

DECATUR IN

+0

+

K

UNC

MORRISTOWN IN

-5

+

K

UNC

LAFAYETTE IN

-12

+

K

UNC

CEDAR RAPIDS IA

-19

+

K

UNC

-45

+

K

UNC

COUNCIL BLUFFS IA

-50

+

K

UNC

LINCOLN NE

-55

+

K

UNC

BLAIR NE

-19

+

K

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

+10

+

K

UNC

-5

+

K

UNC

SENECA IL

-13

+

K

UP 2

-21

+

K

UNC

SAVANNA IL

-31

+

K

UNC

-56

+

K

UNC

DAVENPORT IA

-24

+

K

UP 4

-25

+

K

UP 2

ETHANOL PLANTS

LINDEN IN

-8

+

K

NC

UNION CITY IN

+18

+

K

UP 4

ANNAWAN IL

-8

+

K

UNC

COUNCIL BLUFFS IA

-24

+

K

DN 2

SRW WHEAT

TOLEDO OH

-5

+

H

UNC

CINCINNATI OH

UNQ

UNC

DECATUR IN

-20

+

K

UNC

BURNS HARBOR IN

UNQ

UNC

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 Tom Polansek; Editing by Aurora Ellis)

((Thomas.Polansek@thomsonreuters.com))

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