CHICAGO, April 17 (Reuters) - Spot basis bids for soybeans increased at processing facilities in the U.S. Midwest on Thursday amid a lack of farmer selling during the planting season, grain dealers said.
* The soy basis jumped by 10 cents per bushel at a processor in Council Bluffs, Iowa, and by 7 cents at a crushing plant in Lafayette, Indiana.
* A major processor in Decatur, Illinois, raised its basis by 3 cents for soybeans and 5 cents for corn.
* Farmers have been planting corn and soybeans before rains are expected to disrupt progress starting this weekend.
* "As guys head to the fields, you just see basis firm up," said Karl Setzer, partner at Consus Ag Consulting. "The selling stops."
* The U.S. Department of Agriculture is slated to issue a weekly update on planting progress on Monday.
* Soybean futures Sv1 slipped and corn futures Cv1 were nearly flat at the Chicago Board of Trade by 9:40 a.m. CDT (1440 GMT) on Thursday. The markets will close on Friday for Good Friday.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +11 | + | K | UP 3 | +10 | + | K | DN 3 | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA | UNQ | UNC | |||||||
LINCOLN NE | -25 | + | K | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | +6 | + | K | UP 5 | +15 | + | K | UP 3 | |
DECATUR IN | +25 | + | K | UNC | |||||
MORRISTOWN IN | +20 | + | K | UNC | |||||
LAFAYETTE IN | +25 | + | K | UP 7 | |||||
CEDAR RAPIDS IA | +4 | + | K | UNC | -5 | + | K | UNC | |
COUNCIL BLUFFS IA | -5 | + | K | UP 10 | |||||
LINCOLN NE | -20 | + | K | UNC | |||||
BLAIR NE | -6 | + | K | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | +0 | + | K | UNC | -5 | + | K | UNC | |
SENECA IL | -5 | + | K | UNC | -5 | + | K | UNC | |
SAVANNA IL | -26 | + | K | UNC | -36 | + | K | UNC | |
DAVENPORT IA | -12 | + | K | UNC | -19 | + | K | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | +5 | + | K | UNC | |||||
UNION CITY IN | +17 | + | K | UNC | |||||
ANNAWAN IL | -8 | + | K | UP 4 | |||||
COUNCIL BLUFFS IA | -8 | + | K | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -35 | + | K | UNC | |||||
CINCINNATI OH | UNQ | N | UNC | ||||||
DECATUR IN | -40 | + | 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
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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 Tom Polansek; Editing by Shailesh Kuber)
((Thomas.Polansek@thomsonreuters.com))