US Cash Grains-Corn basis steady to lower with supply adequate

Reuters
2024-12-19

CHICAGO, Dec 19 (Reuters) - Spot basis bids for corn were flat to lower at river terminals and ethanol plants around the U.S. Midwest on Thursday as futures firmed and merchants said they were receiving plenty of supply.

* The corn basis fell at a river terminal in Davenport, Iowa and an ethanol plant in Linden, Indiana.

* March corn futures CH25 traded up 1-1/2 cents at $4.38-3/4 at 11:11 a.m. CST (1711 GMT).

* January soybean futures SF25 rose 5-1/4 cents to $9.57 a bushel, having earlier reached contract lows.

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

-2

+

H

UNC

+14

+

F

UNC

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

-23

+

H

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

+2

+

H

UNC

+5

+

F

UNC

DECATUR IN

+10

+

F

UNC

MORRISTOWN IN

+0

+

F

UNC

LAFAYETTE IN

+5

+

F

UNC

CEDAR RAPIDS IA

-11

+

H

UNC

-15

+

F

UNC

COUNCIL BLUFFS IA

-20

+

F

UNC

LINCOLN NE

-15

+

F

UNC

BLAIR NE

-5

+

H

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

-20

+

H

UNC

-20

+

F

UNC

SENECA IL

-10

+

H

UNC

+8

+

F

UNC

SAVANNA IL

-26

+

H

UNC

-36

+

F

UNC

DAVENPORT IA

-18

+

H

DN 4

-13

+

F

UNC

ETHANOL PLANTS

LINDEN IN

-10

+

H

DN 3

UNION CITY IN

+5

+

H

UNC

ANNAWAN IL

-10

+

H

UNC

COUNCIL BLUFFS IA

-12

+

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 Renee Hickman; Editing by Tasim Zahid)

((renee.hickman@thomsonreuters.com))

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