US Cash Grains-Soy basis slips at some processors, corn basis mixed

Reuters
2024-12-06

CHICAGO, Dec 6 (Reuters) - Spot basis bids for U.S. soybeans eased at some Midwestern processing facilities on Friday, while the corn basis was steady to mixed at elevators and processors.

* An uptick in corn prices encouraged some farmers to sell grain from their storage bins, while sales have been largely slow before the end of the year, a broker said.

* Chicago Board of Trade corn futures Cv1 reached their highest level since June 28 in the most-active contract due to strong U.S. export demand.

* Demand for crops to make biofuels is uncertain amid questions over the future of a U.S. clean fuel tax credit, traders said.

* Biden administration officials will not finalize highly anticipated guidelines on new clean fuel production tax credits aimed at the airline and biofuel industries before they leave in January, sources have told Reuters.

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+4

+

H

DN 1

+18

+

F

UNC

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

-20

+

H

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

+8

+

H

UP 2

+5

+

F

UNC

DECATUR IN

+10

+

F

UNC

MORRISTOWN IN

+5

+

F

DN 5

LAFAYETTE IN

+0

+

F

UNC

CEDAR RAPIDS IA

-2

+

H

UNC

-5

+

F

UNC

COUNCIL BLUFFS IA

-10

+

F

UNC

LINCOLN NE

-13

+

F

DN 3

BLAIR NE

+0

+

H

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

-24

+

H

UNC

-25

+

F

UNC

SENECA IL

-5

+

H

DN 1

+5

+

F

UNC

SAVANNA IL

-31

+

H

UNC

-36

+

F

UNC

DAVENPORT IA

-15

+

H

UNC

-8

+

F

UNC

ETHANOL PLANTS

LINDEN IN

-2

+

H

UNC

UNION CITY IN

+5

+

H

UNC

ANNAWAN IL

-10

+

H

UNC

COUNCIL BLUFFS IA

-10

+

H

UNC

SRW WHEAT

TOLEDO OH

-30

+

H

UNC

CINCINNATI OH

UNQ

UNC

DECATUR IN

-45

+

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 Tom Polansek in Chicago; Editing by Shinjini Ganguli)

((Thomas.Polansek@thomsonreuters.com))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

no data

沒有相關數據

如果下載按鈕點擊無跳轉,請點擊右上角菜單選擇 “在瀏覽器打開”