CHICAGO, Feb 5 (Reuters) - Spot basis bids for corn and soybeans were mostly unchanged in quiet cash trade on Wednesday as Chicago Board of Trade futures declined, discouraging farmers from booking fresh sales, grain dealers said.
* Farmers were active sellers of both crops last month, replenishing pipeline supplies, as CBOT corn CH25 and soybean SH25 futures climbed to multi-month highs.
* Grain offerings have since slowed. Some producers are holding out for higher prices to book additional sales, one broker said.
* The soybean basis fell by 2 cents a bushel at a Cincinnati, Ohio, elevator, and rose by 2 cents at Seneca, Illinois, where grain is loaded onto barges for shipment on the Illinois River toward Gulf Coast exporters.
* Basis bids for soybeans and corn were unchanged elsewhere.
* As of 12:01 p.m. CST (1801 GMT), CBOT March corn CH25 was down 4-1/4 cents at $4.90-1/4 a bushel and March soybeans SH25 were down 19-1/2 cents at $10.55-1/2 a bushel. GRA/
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +5 | + | H | UNC | -4 | + | H | DN 2 | |
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 | -4 | + | H | UNC | -15 | + | H | UNC | |
DECATUR IN | +0 | + | H | UNC | |||||
MORRISTOWN IN | -10 | + | H | UNC | |||||
LAFAYETTE IN | -12 | + | H | UNC | |||||
CEDAR RAPIDS IA | -15 | + | H | UNC | -35 | + | H | UNC | |
COUNCIL BLUFFS IA | -40 | + | H | UNC | |||||
LINCOLN NE | -40 | + | H | UNC | |||||
BLAIR NE | -18 | + | H | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -10 | + | H | UNC | -15 | + | H | UNC | |
SENECA IL | -14 | + | H | UNC | -25 | + | H | UP 2 | |
SAVANNA IL | -36 | + | H | UNC | -41 | + | H | UNC | |
DAVENPORT IA | -28 | + | H | UNC | -32 | + | H | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -12 | + | H | UNC | |||||
UNION CITY IN | +6 | + | H | UNC | |||||
ANNAWAN IL | -20 | + | H | UNC | |||||
COUNCIL BLUFFS IA | -22 | + | H | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -30 | + | 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
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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 Julie Ingwersen in Chicago; Editing by Nia Williams)
((Julie.ingwersen@thomsonreuters.com; 1-313-484-5283; Reuters Messaging: julie.ingwersen.thomsonreuters.com@reuters.net))
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