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
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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;))
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