CHICAGO, Feb 10 (Reuters) - Spot basis bids for corn were steady to higher in the U.S. Midwest on Monday, with some locations offering a premium for corn shipped this week.
* Basis bids for corn were up at processors in Cedar Rapids, Iowa and Blair, Nebraska and at an ethanol plant in Annawan, Illinois.
* Chicago Board of Trade corn futures strengthened on Monday with analysts polled by Reuters expecting the U.S. Department of Agriculture to cut U.S. corn ending stocks in its monthly supply and demand report, due out Tuesday.
* U.S. president Donald Trump said he would order sweeping 25% tariffs on imports of steel and aluminum into the U.S., sparking fears of retaliatory tariffs against U.S. agricultural exports.
* CBOT March corn CH25 futures were up 4-1/2 cents to $4.92 per bushel at 11:49 a.m. (1749 GMT). CBOT March soybeans Sv1 were up 3/4 cent at $10.50-1/4 cents a bushel.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +2 | + | H | UNC | -7 | + | H | UNC | |
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 | UNC | -15 | + | H | UNC | |
DECATUR IN | +0 | + | H | UNC | |||||
MORRISTOWN IN | -10 | + | H | UNC | |||||
LAFAYETTE IN | -12 | + | H | UNC | |||||
CEDAR RAPIDS IA | -12 | + | H | UP 3 | -35 | + | H | UNC | |
COUNCIL BLUFFS IA | -40 | + | H | UNC | |||||
LINCOLN NE | -40 | + | H | UNC | |||||
BLAIR NE | -15 | + | H | UP 3 | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -10 | + | H | UNC | -15 | + | H | UNC | |
SENECA IL | -14 | + | H | UNC | -30 | + | H | DN 5 | |
SAVANNA IL | -36 | + | H | UNC | -41 | + | H | UNC | |
DAVENPORT IA | -14 | + | H | UNC | -20 | + | H | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -12 | + | H | UNC | |||||
UNION CITY IN | +6 | + | H | UNC | |||||
ANNAWAN IL | -15 | + | H | UP 5 | |||||
COUNCIL BLUFFS IA | -22 | + | H | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -30 | + | H | UNC | |||||
CINCINNATI OH | UNQ | UNC | |||||||
DECATUR IN | -35 | + | N | UP 5 | |||||
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 Renee Hickman; editing by David Evans)
((renee.hickman@thomsonreuters.com))
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