US Cash Grains-Soy basis steady to higher at processors as futures firm

Reuters
03/24
US Cash Grains-Soy basis steady to higher at processors as futures firm

CHICAGO, March 23 (Reuters) - Cash basis bids for soybeans were steady to weaker at elevators in the U.S. Midwest on Monday, steady to firmer at processors, as futures rose.

Corn basis were steady to lower at processors, steady to higher at elevators and unchanged elsewhere, as futures weakened.

  • Commodities markets digested news on Monday that U.S. President Donald Trump said he had given orders to postpone for five days the attacks he had threatened against Iranian power plants, and that the U.S. was in talks with Tehran about ending the U.S.-Israeli war on Iran. GRA/

  • Iranian officials denied such talks were taking place.

  • EPA administrator Lee Zeldin said on Monday that a U.S. biofuel blending quota announcement will be made "before the end of the month."

  • The soybean basis fell 6 cents a bushel at a Cincinnati, Ohio, grain elevator and 15 cents at another in Lincoln, Nebraska. It firmed 5 cents at a processor in Cedar Rapids, Iowa.

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+0

+

K

UNC

-22

+

K

DN 6

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

UNC

UNQ

UNC

DES MOINES IA

UNQ

UNC

UNQ

UNC

LINCOLN NE

-40

+

K

UNC

-70

+

K

DN 15

PROCESSORS

CORN

SOYBEANS

DECATUR IL

-8

+

K

UNC

+8

+

K

UNC

DECATUR IN

+0

+

K

UNC

MORRISTOWN IN

+0

+

K

UNC

LAFAYETTE IN

-5

+

K

UNC

CEDAR RAPIDS IA

-20

+

K

DN 2

-35

+

K

UP 5

COUNCIL BLUFFS IA

-55

+

K

UNC

LINCOLN NE

-55

+

K

UNC

BLAIR NE

-18

+

K

UP 2

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

+0

+

K

UNC

-10

+

K

UNC

SENECA IL

-14

+

K

UNC

-37

+

K

UNC

SAVANNA IL

-31

+

K

UNC

-66

+

K

UNC

DAVENPORT IA

-23

+

K

UNC

-45

+

K

UNC

ETHANOL PLANTS

LINDEN IN

-12

+

K

UNC

UNION CITY IN

+11

+

K

UNC

ANNAWAN IL

-6

+

K

UNC

COUNCIL BLUFFS IA

-28

+

K

UNC

SRW WHEAT

TOLEDO OH

-5

+

H

UNC

CINCINNATI OH

UNQ

UNC

DECATUR IN

-20

+

K

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)

((renee.hickman@thomsonreuters.com))

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