US Cash Grains-Corn bids up, soy mixed as futures seesaw

Reuters
25 Mar
US Cash Grains-Corn bids up, soy mixed as futures seesaw

CHICAGO, March 24 (Reuters) - Spot basis bids for corn ticked up on Monday, while soy bids were mixed in the U.S. Midwest as market players assessed tariff risks and awaited the U.S. Department of Agriculture's grain stocks and prospective plantings reports on March 31.

* Spot soybean bids ticked up at an Ohio elevator and fell at an Illinois river terminal.

* Spot corn bids ticked up at an Ohio elevator and Iowa processor.

* Traders are monitoring tariff developments between the U.S. and its leading agricultural trading partners – Canada, Mexico and China.

* U.S.-China tariff tensions have cut soybean exports, with China retaliating by raising duties on U.S. agricultural products.

* Chicago Board of Trade May corn futures CK25 were up 1-1/4 cents at $4.65-1/2 per bushel. May soybeans SK25 were down 3/4 cent at $10.08-3/4 a bushel.

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+1

+

K

UP 1

+10

+

K

UP 5

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

-35

+

K

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

-6

+

K

UNC

+0

+

K

UNC

DECATUR IN

+8

+

K

UNC

MORRISTOWN IN

+5

+

K

UNC

LAFAYETTE IN

+5

+

K

UNC

CEDAR RAPIDS IA

-5

+

K

UP 3

-10

+

K

UNC

COUNCIL BLUFFS IA

-30

+

K

UNC

LINCOLN NE

-35

+

K

UNC

BLAIR NE

-12

+

K

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

-5

+

K

UNC

-25

+

K

UNC

SENECA IL

-20

+

K

UNC

-15

+

K

DN 5

SAVANNA IL

-36

+

K

UNC

-48

+

K

UNC

DAVENPORT IA

-25

+

K

UNC

-25

+

K

UNC

ETHANOL PLANTS

LINDEN IN

-8

+

K

UNC

UNION CITY IN

+7

+

K

UNC

ANNAWAN IL

-10

+

K

UNC

COUNCIL BLUFFS IA

-16

+

K

UNC

SRW WHEAT

TOLEDO OH

-35

+

K

UNC

CINCINNATI OH

-30

+

N

UNC

DECATUR IN

-45

+

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 Heather Schlitz; Editing by Shailesh Kuber)

((Heather.Schlitz@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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