CHICAGO, Oct 17 (Reuters) - Corn and soybean basis bids were steady to higher at elevators, processors and ethanol plants in the U.S. Midwest on Friday as the harvest progressed, a spot check of locations showed.
Showers crossing portions of the Midwest in the next 1-5 days are expected to cause few interruptions to the ongoing corn and soybean harvest, according to Commodity Weather Group.
The corn basis rose by 2 cents per bushel at a processor in Cedar Rapids, Iowa and at an ethanol plant in Union City, Indiana.
The soybean basis rose by a cent at an elevator in Cincinnati, Ohio and by 5 cents and 10 cents, respectively, at processors in Decatur, Indiana and Morristown, Indiana.
On the Chicago Board of Trade, December corn futures CZ25 rose 3/4 cent to $4.22-1/2 a bushel. November soybeans SX25 climbed 8-3/4 cents at $10.19-1/2 a bushel.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +0 | + | Z | UNC | -8 | + | X | UP 1 | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA | UNQ | UNC | |||||||
LINCOLN NE | -42 | + | Z | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | -13 | + | Z | UNC | +5 | + | X | UNC | |
DECATUR IN | -15 | + | X | UP 5 | |||||
MORRISTOWN IN | -10 | + | X | UP 10 | |||||
LAFAYETTE IN | -15 | + | X | UNC | |||||
CEDAR RAPIDS IA | -22 | + | Z | UP 2 | -25 | + | X | UNC | |
COUNCIL BLUFFS IA | -60 | + | X | UNC | |||||
LINCOLN NE | -75 | + | X | UNC | |||||
BLAIR NE | -17 | + | Z | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -35 | + | Z | UNC | -50 | + | X | UNC | |
SENECA IL | -17 | + | Z | UNC | -30 | + | X | UNC | |
SAVANNA IL | -41 | + | Z | UNC | -66 | + | X | UNC | |
DAVENPORT IA | -28 | + | Z | UNC | -40 | + | X | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -40 | + | Z | UNC | |||||
UNION CITY IN | -10 | + | Z | UP 2 | |||||
ANNAWAN IL | -15 | + | Z | UNC | |||||
COUNCIL BLUFFS IA | -30 | + | Z | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -35 | + | Z | UNC | |||||
CINCINNATI OH | UNQ | UNC | |||||||
DECATUR IN | -45 | Z | 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; Editing by Cynthia Osterman)
((renee.hickman@thomsonreuters.com))