CHICAGO, Feb 6 (Reuters) - Spot basis bids for corn and soybeans were mixed in the U.S. Midwest on Thursday as farmer selling remained slow and grain and soy futures gained strength.
* Basis bids for corn fell at an Ohio elevator and increased at an Illinois processor and an Iowa river terminal.
* Basis bids for soy decreased at an Ohio elevator and increased at a river terminal in Iowa.
* Farmers were active sellers of both crops last month, replenishing pipeline supplies, as CBOT corn CH25 and soybean SH25 futures climbed to multi-month highs.
* Chicago corn, wheat and soybean futures edged up on Thursday, underpinned by relief that U.S. tariffs have not sparked full-blown trade conflicts and by persistent concerns over South American crops.
* Some farmers may be waiting for higher prices before deciding to sell, dealers said.
* CBOT March corn CH25 was last up 2-3/4 cents to $4.96 a bushel and March soybeans SH25 were up 1-1/2 cents to $10.58-1/2 a bushel. GRA/
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | ||||||||
CORN | SOYBEANS | |||||||
CINCINNATI OH | +2 | + | H | DN 3 | -7 | + | H | DN 3 |
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 | -2 | + | H | UP 2 | -15 | + | H | UNC |
DECATUR IN | +0 | + | H | UNC | ||||
MORRISTOWN IN | -10 | + | H | UNC | ||||
LAFAYETTE IN | -12 | + | H | UNC | ||||
CEDAR RAPIDS IA | -15 | + | H | UNC | -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 | -10 | + | H | UNC | -15 | + | H | UNC |
SENECA IL | -14 | + | H | UNC | -25 | + | H | UNC |
SAVANNA IL | -36 | + | H | UNC | -41 | + | H | UNC |
DAVENPORT IA | -14 | + | H | UP 14 | -20 | + | H | UP 12 |
ETHANOL PLANTS | ||||||||
LINDEN IN | -12 | + | 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 | 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
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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 Heather Schlitz in Chicago; Editing by Nia Williams)
((Heather.Schlitz@thomsonreuters.com;))
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