US Cash Grains-Corn basis bids mixed

Reuters
10 Jul
US Cash Grains-Corn basis bids mixed

CHICAGO, July 9 (Reuters) - Spot basis bids for corn were steady to mixed in a spot check of locations in the U.S. Midwest on Wednesday, as favorable growing weather continued in the region.

  • The corn basis improved at an ethanol plant in Union City, Indiana, but ticked down at a processor in Cedar Rapids, Iowa.

  • The soybean basis rose at a grain elevator in Cincinnati, Ohio.

  • Corn futures recovered after good crop conditions pushed them to contract lows earlier in the session. Meanwhile soybeans weakened for a third session in a row amid uncertainty over U.S. tariff policy and trade prospects.

  • Chicago Board of Trade December corn futures CZ25 settled up 1-1/4 cents to $4.15-1/2 per bushel. CBOT November soy futures SX25 dropped 10-1/4 cents to $10.07-1/4 per bushel.

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+28

+

N

UNC

+25

+

Q

UP 8

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

-10

+

U

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

+15

+

U

UNC

+25

+

X

UNC

DECATUR IN

+10

+

X

UNC

MORRISTOWN IN

+20

+

X

UNC

LAFAYETTE IN

+15

+

X

UNC

CEDAR RAPIDS IA

+1

+

U

DN 3

-15

+

X

UNC

COUNCIL BLUFFS IA

-5

+

X

UNC

LINCOLN NE

-10

+

X

UNC

BLAIR NE

+15

+

U

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

+10

+

U

UNC

-50

+

X

UNC

SENECA IL

+13

+

U

UNC

+0

+

Q

UNC

SAVANNA IL

-11

+

U

UNC

-35

+

Q

UNC

DAVENPORT IA

+0

+

U

UNC

-9

+

Q

UNC

ETHANOL PLANTS

LINDEN IN

+25

+

U

UNC

UNION CITY IN

+55

+

U

UP 5

ANNAWAN IL

+0

+

U

UNC

COUNCIL BLUFFS IA

+10

+

U

UNC

SRW WHEAT

TOLEDO OH

-29

+

U

UNC

CINCINNATI OH

UNQ

UNC

DECATUR IN

-30

+

U

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 Mark Porter)

((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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