US Cash Grains-Soy basis bids steady to lower as futures fall back

Reuters
01-31
US Cash Grains-Soy basis bids steady to lower as futures fall back

CHICAGO, Jan 30 (Reuters) - Spot basis bids for soybeans were flat or fell in the U.S. Midwest on Thursday, as futures retreated from six-month highs hit the previous day. Corn bids were mixed at elevators.

* The soy basis fell 4 cents at an elevator in Ohio and 2 cents at an Illinois river terminal.

* Corn basis bids rose 1 cent at an elevator in Ohio and fell down 4 cents at another in Nebraska.

* U.S. corn and soybean futures fell after rising to multi-month highs the previous day on an improving forecast in Argentina, a major producer of both crops.

* Most-active CBOT corn futures Cv1 were down 5-3/4 cents at $4.91-1/4 a bushel by 10:09 a.m. CST (1609 GMT), while most-active soy futures Sv1 were down 16-1/4 cents to $10.44-1/4 a bushel.

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+6

+

H

UP 1

-8

+

H

DN 4

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

-35

+

H

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

-6

+

H

UNC

-15

+

H

UNC

DECATUR IN

+0

+

H

UNC

MORRISTOWN IN

+0

+

H

UNC

LAFAYETTE IN

-10

+

H

UNC

CEDAR RAPIDS IA

-16

+

H

UNC

-35

+

H

UNC

COUNCIL BLUFFS IA

-40

+

H

UNC

LINCOLN NE

-40

+

H

UNC

BLAIR NE

-18

+

H

DN 4

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

-13

+

H

UNC

-15

+

H

UNC

SENECA IL

-14

+

H

UNC

-27

+

H

DN 2

SAVANNA IL

-36

+

H

UNC

-41

+

H

UNC

DAVENPORT IA

-28

+

H

UNC

-32

+

H

UNC

ETHANOL PLANTS

LINDEN IN

-10

+

H

UNC

UNION CITY IN

+6

+

H

UNC

ANNAWAN IL

-20

+

H

UNC

COUNCIL BLUFFS IA

-22

+

H

UNC

SRW WHEAT

TOLEDO OH

-25

+

H

UNC

CINCINNATI OH

UNQ

UNC

DECATUR IN

-40

+

N

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 Renee Hickman; editing by Barbara Lewis)

((renee.hickman@thomsonreuters.com))

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