US Cash Grains-Soy basis bids slip at some Midwest processors

Reuters
03/06
US Cash Grains-Soy basis bids slip at some <a href="https://laohu8.com/S/MDWT">Midwest</a> processors

CHICAGO, March 5 (Reuters) - Basis bids were lower for soybeans at some processing facilities in the U.S. Midwest on Thursday following recent sales by farmers, dealers said.

  • Bids were largely steady to higher for corn at grain elevators and processors.

  • Soy basis bids eased at processors in Decatur, Illinois, and Council Bluffs, Iowa, and were mixed at river terminals.

  • At a river terminal in Seneca, Illinois, soy and corn basis bids edged up for delivery by March 15.

  • Farmer sales have picked up as futures prices have improved, dealers said.

  • Chicago Board of Trade May corn CK26 futures reached their highest level since January 12. May soybeans SK26 were near a contract high reached on Monday.

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

-8

+

K

NC

-9

+

K

NC

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

H

UNC

UNQ

H

UNC

DES MOINES IA

UNQ

UNC

UNQ

UNC

LINCOLN NE

-40

+

K

UP 2

-70

+

K

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

-3

+

K

UNC

-2

+

K

DN 2

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

-55

+

K

DN 5

LINCOLN NE

-55

+

K

UNC

BLAIR NE

-19

+

K

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

+10

+

K

UNC

-5

+

K

UNC

SENECA IL

-12

+

K

UP 1

-20

+

K

UP 1

SAVANNA IL

-31

+

K

UNC

-56

+

K

UNC

DAVENPORT IA

-24

+

K

UNC

-30

+

K

DN 5

ETHANOL PLANTS

LINDEN IN

-8

+

K

UNC

UNION CITY IN

+18

+

K

UNC

ANNAWAN IL

-8

+

K

UNC

COUNCIL BLUFFS IA

-26

+

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 Cynthia Osterman)

((Thomas.Polansek@thomsonreuters.com))

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