CHICAGO, Feb 12 (Reuters) - Spot basis bids for soybeans were steady to up at processors and river terminals in the U.S. Midwest on Wednesday as futures fell sharply.
* Basis bids for soybeans rose at a processor in Cedar Rapids, Iowa and a river terminal in Davenport, Iowa.
* Corn basis bids were up 2 cents at a river terminal in Seneca, Illinois.
* Chicago Board of Trade soybean futures fell on Wednesday as the market digested a higher-than-expected soybean stocks forecast from the U.S. Department of Agriculture, according to analysts, as well as ongoing concerns over Chinese demand.
* CBOT March soybeans SH25 were down 17-1/4 cents to $10.26-1/4 at 11:42 a.m. CST (1742 GMT).
* CBOT March corn futures were up 3-1/2 cents to $4.87-1/2 per bushel.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +2 | + | H | UNC | -8 | + | 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 | -9 | + | H | UNC | -30 | + | H | UP 5 | |
COUNCIL BLUFFS IA | -40 | + | H | UNC | |||||
LINCOLN NE | -40 | + | H | UNC | |||||
BLAIR NE | -15 | + | H | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -10 | + | H | UNC | -15 | + | H | UNC | |
SENECA IL | -12 | + | H | UP 2 | -30 | + | H | UNC | |
SAVANNA IL | -36 | + | H | UNC | -41 | + | H | UNC | |
DAVENPORT IA | -12 | + | H | UNC | -18 | + | H | UP 2 | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -12 | + | H | UNC | |||||
UNION CITY IN | +6 | + | H | UNC | |||||
ANNAWAN IL | -5 | + | H | UNC | |||||
COUNCIL BLUFFS IA | -22 | + | H | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -30 | + | H | UNC | |||||
CINCINNATI OH | UNQ | UNC | |||||||
DECATUR IN | -35 | + | 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 Renee Hickman; Editing by Alan Barona)
((renee.hickman@thomsonreuters.com))
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