US Cash Grains-Corn, soybean basis mixed as futures drop

Reuters
Yesterday
US Cash Grains-Corn, soybean basis mixed as futures drop

CHICAGO, July 21 (Reuters) - Spot basis bids for corn and soybeans were mixed in the U.S. Midwest on Monday as futures dropped and selling remained slow.

  • Farmer sales of both commodities have been slow this week as cash prices are hovering near recent lows.

  • Warm weather and heavy rains have created a beneficial greenhouse-like effect for the corn and soy crops in the U.S. Midwest.

  • CBOT September corn futures CU25 were last down 7-1/4 cents at $4.01 per bushel, while new-crop December corn CZ25 was down 7 cents at $4.20-3/4 a bushel as of midday.

  • CBOT August soybean futures SQ25 were down 12-3/4 cents at $10.15 per bushel. New-crop November soybeans SX25 were down 11-1/4 cents at $10.24 a bushel.

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+18

+

U

DN 2

+22

+

Q

DN 4

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

-5

+

U

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

+18

+

U

UNC

+20

+

X

UNC

DECATUR IN

+10

+

X

UNC

MORRISTOWN IN

+30

+

X

UP 5

LAFAYETTE IN

+30

+

X

UP 10

CEDAR RAPIDS IA

+2

+

U

DN 5

-10

+

X

UNC

COUNCIL BLUFFS IA

-5

+

X

UNC

LINCOLN NE

-20

+

X

UNC

BLAIR NE

+10

+

U

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

+10

+

U

UNC

-50

+

X

UNC

SENECA IL

+14

+

U

UP 13

-6

+

Q

DN 6

SAVANNA IL

-11

+

U

UNC

-35

+

Q

UNC

DAVENPORT IA

-6

+

U

DN 1

-11

+

Q

UNC

ETHANOL PLANTS

LINDEN IN

+20

+

U

DN 5

UNION CITY IN

+55

+

U

UNC

ANNAWAN IL

-2

+

U

UNC

COUNCIL BLUFFS IA

+10

+

U

UNC

SRW WHEAT

TOLEDO OH

-29

+

U

UNC

CINCINNATI OH

-22

+

U

UNC

DECATUR IN

-25

+

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 Heather Schlitz in Chicago; Editing by Nia Williams)

((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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