US Cash Grains-Corn and soybean basis bids rise at river terminals

Reuters
27 Jun
US Cash Grains-Corn and soybean basis bids rise at river terminals

CHICAGO, June 26 (Reuters) - Spot basis bids for corn and soybeans were steady to higher at river terminals in a spot check of locations around the U.S. Midwest on Thursday.

  • The soybean basis gained strength at river terminals in Seneca, Illinois, Savanna, Illinois and Davenport Iowa.

  • More locations rolled their soybean basis to the November contract.

  • Hot, rainy weather is expected to provide greenhouse-like growing conditions for corn and soybeans in the U.S. Midwest in the coming weeks.

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+11

+

N

DN 2

+3

+

N

UP 3

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

-15

+

N

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

+8

+

N

UNC

+20

+

X

UNC

DECATUR IN

+15

+

X

UNC

MORRISTOWN IN

+20

+

X

UNC

LAFAYETTE IN

+20

+

X

NC

CEDAR RAPIDS IA

-1

+

N

UNC

-25

+

X

UNC

COUNCIL BLUFFS IA

-15

+

X

UNC

LINCOLN NE

-35

+

X

UNC

BLAIR NE

+10

+

N

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

+10

+

N

UNC

-50

+

X

UNC

SENECA IL

+0

+

N

UP 1

-4

+

N

UP 1

SAVANNA IL

-11

+

N

UP 2

-35

+

N

UP 1

DAVENPORT IA

-9

+

N

UP 1

-24

+

N

UP 4

ETHANOL PLANTS

LINDEN IN

+15

+

N

UNC

UNION CITY IN

+40

+

N

UNC

ANNAWAN IL

-7

+

N

UNC

COUNCIL BLUFFS IA

+4

+

N

UNC

SRW WHEAT

TOLEDO OH

-25

+

N

UNC

CINCINNATI OH

UNQ

UNC

DECATUR IN

-30

+

N

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 HickmanEditing by Marguerita Choy)

((renee.hickman@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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