US Cash Grains-Corn processor basis firms, soy bids roll to January futures
CHICAGO, Oct 31 (Reuters) -Basis bids for corn and soybeans were steady to stronger in the U.S. Midwest on Thursday, reflecting demand from processors as the harvest of both crops neared its last stages.
* The corn basis improved by 3 to 5 cents a bushel at processing plants in Cedar Rapids, Iowa, and Blair, Nebraska, and by 2 to 10 cents at ethanol facilities in Linden and Union City, Indiana, a sign of brisk demand for the grain.
* Soybean basis bids strengthened at several crushing sites as processors rolled their basis bids to the Chicago Board of Trade January SF25 futures contract.
* For example, the CBOT January soybean contract SF25 is trading at a roughly 14-cent premium to the November SX24 contract, which expires on Nov. 14. Yet a crushing plant in Decatur, Illinois, lowered its soybean basis by only 4 cents on the roll to January futures, in effect raising the flat price.
* Declining costs for barge freight helped support grain bids at Midwest river elevators. Empty barges on the Illinois River were offered on Wednesday at 825% of tariff, down 100 percentage points from Monday. BG/US
* Harvest activity slowed as storms crossed Arkansas through southeast Missouri, Illinois and Indiana on Thursday and slushy snow fell in Minnesota. However, the U.S. soybean harvest was already 89% complete and the corn harvest was 81% complete as of Oct. 27, USDA data showed.
* On the Chicago Board of Trade at mid-session, December corn CZ24 was down 1-1/4 cents at $4.10-1/4 a bushel while January soybeans SF25 were up 1-1/4 cents at $9.92-1/2. GRA/
Basis values are quoted against CBOT futures in cts/bushel:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | -30 | + | Z | UNC | -25 | + | X | UNC | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA | UNQ | UNC | |||||||
LINCOLN NE | -25 | + | Z | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | -16 | + | Z | UNC | +6 | + | F | NC | |
DECATUR IN | -20 | + | F | NC | |||||
MORRISTOWN IN | -15 | + | F | NC | |||||
LAFAYETTE IN | +5 | + | X | UP 10 | |||||
CEDAR RAPIDS IA | -17 | + | Z | UP 3 | -25 | + | X | UNC | |
COUNCIL BLUFFS IA | -35 | + | F | NC | |||||
LINCOLN NE | -30 | + | X | UNC | |||||
BLAIR NE | -10 | + | Z | UP 5 | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -30 | + | Z | UNC | -40 | + | F | NC | |
SENECA IL | -28 | + | Z | UP 2 | +0 | + | X | UP 5 | |
SAVANNA IL | -46 | + | Z | UNC | -61 | + | X | DN 5 | |
DAVENPORT IA | -34 | + | Z | UP 5 | -15 | + | X | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -20 | + | Z | UP 10 | |||||
UNION CITY IN | -10 | + | Z | UP 2 | |||||
ANNAWAN IL | -35 | + | Z | UNC | |||||
COUNCIL BLUFFS IA | -27 | + | Z | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -20 | + | H | UNC | |||||
CINCINNATI OH | UNQ | UNC | |||||||
DECATUR IN | -75 | + | Z | 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 = July
Q = 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 Julie Ingwersen; Editing by Richard Chang
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Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
