US Cash Grains-Corn and soy basis bids stay mostly flat

Reuters
14 Mar
US Cash Grains-Corn and soy basis bids stay mostly flat

CHICAGO, March 13 (Reuters) - Spot basis bids for U.S. corn and soybeans were mostly unchanged on Thursday, spot checks showed.

* A large grain processor in Decatur, Illinois, increased its spot soybean basis bid by 7 cents a bushel.

* A port facility in Toledo, Ohio, raised its corn basis by 4 cents, while a rail market in Columbus, Ohio, lowered its corn basis by 1 cent.

* Processors have recently increased their corn and soy bids to encourage farmer selling.

* Above-normal precipitation should reduce drought across the Midwest and central Plains this week, weather forecaster Maxar said, as farmers prepare for spring plantings.

* Chicago Board of Trade corn and soybean futures ended stronger after coming under pressure over the last three weeks from worries about trade disputes hurting U.S. agricultural exports.GRA/

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

Current

Previous

ELEVATORS

Bid

Bid

Chicago, Illinois

Corn processors

+2

+

K

+2

+

K

UNC

Corn elevators

-25

+

K

-25

+

K

UNC

Soybean elevators

-15

+

K

-15

+

K

UNC

Wheat elevators

+0

+

K

+0

+

K

UNC

Wheat processors

-10

+

K

-10

+

K

UNC

Decatur IL corn

-8

+

K

-8

+

K

UNC

Decatur IL soybeans

+0

+

K

-7

+

K

UP 7

Burns Harbor IN corn

UNQ

UNQ

UNC

Burns Harbor IN soy

UNQ

UNQ

UNC

Lafayette IN soy

-7

+

K

-7

+

K

UNC

Toledo OH (port)

Corn

-6

+

K

-10

+

K

UP 4

Soy

-25

+

K

-25

+

K

UNC

SRW wheat

-45

+

K

-45

+

K

UNC

Davenport IA (river)

Corn

-25

+

K

-25

+

K

UNC

Soy

-25

+

K

-25

+

K

UNC

Evansville IN (rail)

15-car CSX corn

UNQ

UNQ

UNC

Cincinnati OH (rail)

3-car corn

UNQ

UNQ

UNC

Hereford TX corn

+130

+

K

+130

+

K

UNC

Columbus OH (rail)

3-car corn

+14

+

K

+15

+

K

DN 1

Morris IL (river)

Corn

-20

+

K

-20

+

K

UNC

Soybeans

-15

+

K

-15

+

K

UNC

Fort Worth TX corn

+130

+

K

+130

+

K

UNC

Blair NE corn

-19

+

K

-19

+

K

UNC

Council Bluffs, IA (elevator)

Corn

-17

+

K

-17

+

K

UNC

Soy

-40

+

K

-40

+

K

UNC

Des Moines IA soy

-35

+

K

-35

+

K

UNC

Sioux City IA soy

-25

+

K

-25

+

K

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 = July, Q = August,U = September, X = November, Z = December

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

LINKS: 0#USCSHGRN-AM

For U.S. forward basis spreadsheets, please click on:

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 AM GRA/M

- U.S. CIF/FOB Gulf Grain GRA/F

(Reporting by Tom Polansek; Editing by Will Dunham)

((Thomas.Polansek@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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