Corn basis bids mostly steady to firm, soybean bids flat-lower
Spot basis bids for corn were mostly steady at U.S. Midwest interior and river elevators early on Friday and mostly unchanged to firm at processing plants as futures values eased ahead of a monthly U.S. government crop report due later in the morning.
Spot soybean basis bids were mostly flat to weaker around the region.
Farmer sales were slow ahead of the U.S. Department of Agriculture's monthly crop supply and demand report scheduled for release at 11 a.m. CDT (1600 GMT).
The USDA is expected to slightly decrease its U.S. corn supply outlook for the current season following a strong export pace, according to analysts. U.S. soybean stocks were seen rising slightly.
Chicago Board of Trade December corn futures (CZ25) were down 2-1/2 cents at $4.14 a bushel at midmorning, while November soybean futures (SX25) were down 2-1/2 cents at $10.11-1/4 per bushel.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | ||||||||
CORN | SOYBEANS | |||||||
CINCINNATI OH | +26 | + | U | UNC | +23 | + | Q | 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 | +18 | + | U | UNC | +25 | + | X | UNC |
DECATUR IN | +10 | + | X | UNC | ||||
MORRISTOWN IN | +25 | + | X | UNC | ||||
LAFAYETTE IN | +20 | + | X | UNC | ||||
CEDAR RAPIDS IA | +1 | + | U | UP 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 | +10 | + | U | UNC | -2 | + | Q | DN 3 |
SAVANNA IL | -11 | + | U | UNC | -35 | + | Q | UNC |
DAVENPORT IA | +1 | + | U | UNC | -9 | + | Q | UNC |
ETHANOL PLANTS | ||||||||
LINDEN IN | +25 | + | U | UNC | ||||
UNION CITY IN | +55 | + | U | UNC | ||||
ANNAWAN IL | +0 | + | U | UNC | ||||
COUNCIL BLUFFS IA | +10 | + | U | UNC | ||||
SRW WHEAT | ||||||||
TOLEDO OH | -29 | + | U | UNC | ||||
CINCINNATI OH | -22 | + | U | NC | ||||
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 = 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 PM
- U.S. CIF/FOB Gulf Grain
