CHICAGO, Jan 30 (Reuters) - Spot basis bids for soybeans were flat or fell in the U.S. Midwest on Thursday, as futures retreated from six-month highs hit the previous day. Corn bids were mixed at elevators.
* The soy basis fell 4 cents at an elevator in Ohio and 2 cents at an Illinois river terminal.
* Corn basis bids rose 1 cent at an elevator in Ohio and fell down 4 cents at another in Nebraska.
* U.S. corn and soybean futures fell after rising to multi-month highs the previous day on an improving forecast in Argentina, a major producer of both crops.
* Most-active CBOT corn futures Cv1 were down 5-3/4 cents at $4.91-1/4 a bushel by 10:09 a.m. CST (1609 GMT), while most-active soy futures Sv1 were down 16-1/4 cents to $10.44-1/4 a bushel.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +6 | + | H | UP 1 | -8 | + | H | DN 4 | |
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 | -6 | + | H | UNC | -15 | + | H | UNC | |
DECATUR IN | +0 | + | H | UNC | |||||
MORRISTOWN IN | +0 | + | H | UNC | |||||
LAFAYETTE IN | -10 | + | H | UNC | |||||
CEDAR RAPIDS IA | -16 | + | H | UNC | -35 | + | H | UNC | |
COUNCIL BLUFFS IA | -40 | + | H | UNC | |||||
LINCOLN NE | -40 | + | H | UNC | |||||
BLAIR NE | -18 | + | H | DN 4 | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -13 | + | H | UNC | -15 | + | H | UNC | |
SENECA IL | -14 | + | H | UNC | -27 | + | H | DN 2 | |
SAVANNA IL | -36 | + | H | UNC | -41 | + | H | UNC | |
DAVENPORT IA | -28 | + | H | UNC | -32 | + | H | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -10 | + | H | UNC | |||||
UNION CITY IN | +6 | + | H | UNC | |||||
ANNAWAN IL | -20 | + | H | UNC | |||||
COUNCIL BLUFFS IA | -22 | + | H | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -25 | + | 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
--------------------------------------------------------
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 Barbara Lewis)
((renee.hickman@thomsonreuters.com))
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