US Cash Grains-Soybean processor basis bids steady-to-lower

Reuters
Yesterday
US Cash Grains-Soybean processor basis bids steady-to-lower

CHICAGO, Aug 25 (Reuters) - Spot basis bids for soybeans delivered to U.S. Midwest processors were steady-to-lower on Monday due to easing demand, while corn bids fell at some ethanol plants, grain merchants said.

  • Soy processors have lowered their bids as some facilities are set to suspend operations for seasonal maintenance and repairs.

  • A processor in Lincoln, Nebraska, dropped its spot bid by 15 cents a bushel.

  • Farmers were projected to start harvesting a record-breaking corn crop in the coming weeks, bringing fresh supplies to grain elevators and processing facilities.

  • The U.S. Department of Agriculture will likely trim its U.S. corn and soybean crop ratings in a weekly report due later on Monday, analysts said in a Reuters poll, though large harvests were still expected.

  • Chicago Board of Trade soy futures Sv1 fell, while corn futures Cv1 were nearly unchanged in afternoon trading.

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

-2

+

U

UNC

-43

+

X

UNC

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

+10

+

U

DN 5

+5

+

X

DN 5

DECATUR IN

-25

+

X

UNC

MORRISTOWN IN

-5

+

X

UNC

LAFAYETTE IN

+10

+

X

UNC

CEDAR RAPIDS IA

+0

+

U

UP 4

-45

+

X

UNC

COUNCIL BLUFFS IA

-25

+

X

UNC

LINCOLN NE

-55

+

X

DN 15

BLAIR NE

+0

+

U

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

-10

+

U

UNC

-55

+

X

UNC

SENECA IL

-10

+

U

UNC

-20

+

X

UNC

SAVANNA IL

-21

+

U

UNC

-66

+

X

UNC

DAVENPORT IA

-12

+

U

UNC

-65

+

X

UNC

ETHANOL PLANTS

LINDEN IN

+25

+

U

UNC

UNION CITY IN

+11

+

U

DN 2

ANNAWAN IL

-14

+

U

UNC

COUNCIL BLUFFS IA

-4

+

U

DN 2

SRW WHEAT

TOLEDO OH

-32

+

U

UNC

CINCINNATI OH

UNQ

UNC

DECATUR IN

-25

U

NC

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 = July, Q = 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 Tom Polansek in Chicago; editing by Barbara Lewis)

((Thomas.Polansek@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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