US Cash Grains-Corn, soybean bids flat to higher as futures firm

Reuters
02-14
US Cash Grains-Corn, soybean bids flat to higher as futures firm

CHICAGO, Feb 13 (Reuters) - Spot basis bids for corn and soybeans were steady to up at elevators, processors and river terminals around the Midwest in a spot check on Thursday, with analysts saying farmers' sales of corn were picking up in some locations.

* Basis bids for soybeans rose at a processor in Cedar Rapids, Iowa and a river terminal in Davenport, Iowa.

* Corn basis bids also rose at the Cedar Rapids location and an elevator in Blair, Nebraska.

* CBOT March soybeans SH25 were up 1-3/4 cents at $10.29-1/2 at 12:58 p.m. CST (1858 GMT).

* CBOT March corn futures were up 3-3/4 cents at $4.94 per bushel.

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+2

+

H

UNC

-8

+

H

UNC

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

-2

+

H

UNC

-15

+

H

UNC

DECATUR IN

+0

+

H

UNC

MORRISTOWN IN

-10

+

H

UNC

LAFAYETTE IN

-12

+

H

UNC

CEDAR RAPIDS IA

-4

+

H

UP 5

-25

+

H

UP 5

COUNCIL BLUFFS IA

-40

+

H

UNC

LINCOLN NE

-40

+

H

UNC

BLAIR NE

-10

+

H

UP 5

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

-10

+

H

UNC

-15

+

H

UNC

SENECA IL

-12

+

H

UNC

-30

+

H

UNC

SAVANNA IL

-36

+

H

UNC

-41

+

H

UNC

DAVENPORT IA

-12

+

H

UNC

-18

+

H

UP 2

ETHANOL PLANTS

LINDEN IN

-12

+

H

UNC

UNION CITY IN

+6

+

H

UNC

ANNAWAN IL

-5

+

H

UNC

COUNCIL BLUFFS IA

-22

+

H

UNC

SRW WHEAT

TOLEDO OH

-30

+

H

UNC

CINCINNATI OH

UNQ

UNC

DECATUR IN

-35

+

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 Richard Chang)

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