Soybean bids mixed in East; flat in West
Spot basis bids for soybeans were mixed in the eastern U.S. Midwest on Friday morning, steady to firm at elevators and steady to weak at processors.
* West of the Mississippi River, the soy basis was unchanged at elevators and processors.
* Cash bids for corn held steady at interior elevators, processors and ethanol plants.
* But corn bids were steady to weak at river terminals, falling by 8 cents a bushel at a facility in Toledo, Ohio.
* Country movement of both commodities was slow.
* Grain dealers said that farmers were waiting to see if prices rally following the release of a key U.S. Agriculture Department report before making decisions about their next round of sales.
* USDA will publish its monthly World Agricultural Supply and Demand Estimates report at 11 a.m. CST (1700 GMT).
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | ||||||||
CORN | SOYBEANS | |||||||
CINCINNATI OH | -8 | + | H | UNC | +12 | + | F | UP 2 |
BURNS HARBOR IN | -65 | + | H | UNC | -65 | + | F | UNC |
DECATUR IN | UNQ | UNC | ||||||
DES MOINES IA | UNQ | UNC | ||||||
LINCOLN NE | +35 | + | H | UNC | ||||
PROCESSORS | ||||||||
CORN | SOYBEANS | |||||||
DECATUR IL | +27 | + | H | UNC | +25 | + | F | UNC |
DECATUR IN | +7 | + | F | UNC | ||||
MORRISTOWN IN | +15 | + | F | UNC | ||||
LAFAYETTE IN | +10 | + | F | DN 5 | ||||
CEDAR RAPIDS IA | -12 | + | H | UNC | -30 | + | F | UNC |
COUNCIL BLUFFS IA | +55 | + | F | UNC | ||||
LINCOLN NE | +55 | + | F | UNC | ||||
BLAIR NE | +55 | + | H | UNC | ||||
RIVER TERMINALS | ||||||||
CORN | SOYBEANS | |||||||
TOLEDO OH | -30 | + | H | DN 8 | -20 | + | F | UNC |
SENECA IL | -15 | + | H | UNC | +2 | + | F | UNC |
SAVANNA IL | -28 | + | H | UNC | -36 | + | F | UNC |
DAVENPORT IA | -10 | + | K | NC | -5 | + | K | NC |
ETHANOL PLANTS | ||||||||
LINDEN IN | +10 | + | H | UNC | ||||
UNION CITY IN | +14 | + | H | UNC | ||||
ANNAWAN IL | -4 | + | H | UNC | ||||
COUNCIL BLUFFS IA | +48 | + | H | UNC | ||||
SRW WHEAT | ||||||||
TOLEDO OH | -45 | + | H | UNC | ||||
CINCINNATI OH | UNQ | UNC | ||||||
DECATUR IN | -40 | + | H | 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 = July
Q = 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
- CBOT soybean report
- CBOT wheat report
- U.S. grain barge freight values
- U.S. Midwest cash grain AM
- U.S. CIF/FOB Gulf Grain