US Cash Grains-Soy and corn basis mostly flat-up, farmer sales stay slow

Reuters
2024-12-05
US Cash Grains-Soy and corn basis mostly flat-up, farmer sales stay slow

CHICAGO, Dec 4 (Reuters) - Spot basis bids for soybeans and corn were mostly steady to higher on Wednesday in the U.S. Midwest as farmer selling remained slow, grain dealers said.

* The soybean basis jumped by 15 cents a bushel at a river terminal in Savanna, Illinois, and by 5 cents at a Decatur, Indiana processor.

* Soybean crush margins have declined since early November but remain profitable, supporting processor demand.

* Chicago Board of Trade January soybean futures SF25 were down 6-3/4 cents at $9.85 per bushel by 11:50 a.m. CST (1750 GMT). CBOT March corn futures CH25 slipped 2 cents to $4.30-1/4 a bushel. GRA/

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+5

+

H

DN 7

+19

+

F

UP 1

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

+6

+

H

UNC

+5

+

F

UNC

DECATUR IN

+10

+

F

UP 5

MORRISTOWN IN

+10

+

F

UNC

LAFAYETTE IN

+0

+

F

DN 5

CEDAR RAPIDS IA

-2

+

H

UP 3

-5

+

F

UNC

COUNCIL BLUFFS IA

-10

+

F

UNC

LINCOLN NE

-10

+

F

UNC

BLAIR NE

+0

+

H

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

-24

+

H

UNC

-35

+

F

UNC

SENECA IL

-5

+

H

UNC

+5

+

F

UNC

SAVANNA IL

-31

+

H

UP 3

-36

+

F

UP 15

DAVENPORT IA

-15

+

H

UNC

-8

+

F

UNC

ETHANOL PLANTS

LINDEN IN

-7

+

H

UNC

UNION CITY IN

+5

+

H

UNC

ANNAWAN IL

-10

+

H

UNC

COUNCIL BLUFFS IA

-10

+

H

UNC

SRW WHEAT

TOLEDO OH

-24

+

H

UP 6

CINCINNATI OH

UNQ

UNC

DECATUR IN

-50

+

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 Vijay Kishore)

((Thomas.Polansek@thomsonreuters.com))

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