CHICAGO, Feb 3 (Reuters) - Spot basis bids for soybeans were mostly steady to weaker at U.S. Midwest crushing facilities on Monday while corn basis bids were mixed, spot checks showed.
* Farmer offerings of both commodities slowed last week following a period of active grain sales in mid-January that allowed end users to build up their near-term coverage.
* The spot soybean basis fell by 2 cents a bushel at a Lafayette, Indiana, soy crushing facility and the bean basis fell by 7 cents at Seneca, Illinois, on the Illinois River.
* However, the soybean basis firmed by 10 cents at an elevator in Cincinnati, Ohio.
* The corn basis firmed by 4 cents at Decatur, Illinois, a processing hub, and by 2 cents at Seneca, Illinois. But the basis for the yellow grain fell by 2 cents at a Cedar Rapids, Iowa, processing site.
* Ahead of monthly USDA soy crushing data due later on Monday, analysts surveyed by Reuters on average expect the government to report that U.S. soy processors crushed a record-high 217.6 million bushels of soybeans in December.
* Chicago Board of Trade corn and soy futures rallied on Monday, rebounding from early declines as President Donald Trump paused new tariffs on Mexico for one month.
* As of 11:42 a.m. CST (1742 GMT), CBOT March corn CH25 was up 4-1/2 cents at $4.86-1/2 a bushel and March soybeans SH25 were up 11 cents at $10.53 a bushel. GRA/
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +6 | + | H | UNC | -2 | + | H | UP 10 | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA | UNQ | UNC | |||||||
LINCOLN NE | -40 | + | H | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | -2 | + | H | UP 4 | -15 | + | H | UNC | |
DECATUR IN | +0 | + | H | UNC | |||||
MORRISTOWN IN | -5 | + | H | UNC | |||||
LAFAYETTE IN | -12 | + | H | DN 2 | |||||
CEDAR RAPIDS IA | -18 | + | H | DN 2 | -35 | + | H | UNC | |
COUNCIL BLUFFS IA | -40 | + | H | UNC | |||||
LINCOLN NE | -40 | + | H | UNC | |||||
BLAIR NE | -18 | + | H | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -13 | + | H | UNC | -15 | + | H | UNC | |
SENECA IL | -13 | + | H | UP 2 | -27 | + | H | DN 7 | |
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 | -30 | + | H | DN 5 | |||||
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
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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 Julie Ingwersen; Editing by Alan Barona)
((Julie.ingwersen@thomsonreuters.com; 1-313-484-5283; Reuters Messaging: julie.ingwersen.thomsonreuters.com@reuters.net))
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