US Cash Grains-Corn, soy basis nearly flat as selling slows

Reuters
03-06
US Cash Grains-Corn, soy basis nearly flat as selling slows

CHICAGO, March 5 (Reuters) - Spot basis bids for soybeans and corn were mostly steady in the U.S. Midwest on Wednesday as low futures prices discouraged farmers from selling and producers turned their attention to plans for spring planting.

* The soy basis ticked up at a Council Bluffs, Iowa, processor. Corn and soy basis bids were steady elsewhere, spot checks showed.

* Chicago corn, soybeans and wheat futures rose on Wednesday, recovering from multi-week lows, as indications that U.S. tariffs against Canada and Mexico may be reduced helped ease market jitters over escalating trade tensions.

* U.S. President Donald Trump slapped 25% tariffs on imports from Mexico and Canada on Tuesday and doubled duties on Chinese goods to 20%, drawing immediate retaliatory steps from Canada and China and a pledge from Mexico to also respond.

* Despite the recovery, prices are too low to encourage farmers' sales.

* Chicago Board of Trade May corn futures CK25 were up 4 cents to $4.55-1/2 per bushel at midday. CBOT May soybeans SK25 rose 9-3/4 cents to $10.08-3/4 a bushel.

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

-12

+

K

UNC

-5

+

K

UNC

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

-40

+

K

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

-6

+

K

UNC

-19

+

K

UNC

DECATUR IN

-5

+

K

UNC

MORRISTOWN IN

-5

+

K

UNC

LAFAYETTE IN

-7

+

K

UNC

CEDAR RAPIDS IA

-20

+

K

UNC

-20

+

K

UNC

COUNCIL BLUFFS IA

-35

+

K

UP 5

LINCOLN NE

-35

+

K

UNC

BLAIR NE

-26

+

K

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

-15

+

K

UNC

-25

+

K

UNC

SENECA IL

-23

+

K

UNC

-19

+

K

UNC

SAVANNA IL

-36

+

K

UNC

-52

+

K

UNC

DAVENPORT IA

-12

+

K

UNC

-25

+

K

UNC

ETHANOL PLANTS

LINDEN IN

-18

+

K

UNC

UNION CITY IN

-6

+

K

UNC

ANNAWAN IL

-20

+

K

UNC

COUNCIL BLUFFS IA

-24

+

K

UNC

SRW WHEAT

TOLEDO OH

-25

+

N

UNC

CINCINNATI OH

UNQ

N

UNC

DECATUR IN

-45

+

K

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 Heather Schlitz; Editing by Paul Simao)

((Heather.Schlitz@thomsonreuters.com;))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10