US Cash Grains-Corn and soy basis bids mostly unchanged

ReutersJan 17, 2025 6:20 PM

CHICAGO, Jan 17 (Reuters) -

Spot basis bids for corn and soy were largely steady at elevators, river terminals, ethanol plants and other types of processors around the U.S. Midwest on Friday after a week of farmer sales picking up, a spot check showed.

Corn futures Cv1 hit fresh one-year highs following a U.S. Department of Agriculture report the previous week that showed crop estimates lower than trade expectations.

Soybean futures Sv1 firmed once again after hitting multi-month highs and then falling back earlier in the week.

The spot basis for corn fell at an elevator in Blair, Nebraska and rose at another in Cincinnati, Ohio.

The soybean basis rose at the same elevator in Cincinnati.

Soybean futures Sv1 were up 12-1/4 cents at $10.31-1/4 a bushel at 11:39 a.m. CST (1739 GMT).

Corn futures Cv1 rose 7-1/4 cents to $4.81-3/4 per bushel, having hit their highest point since Dec. 14.

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

ELEVATORS
	CORN				SOYBEANS
CINCINNATI OH	+3	+	H	UP 4	+9	+	H	UP 1
BURNS HARBOR IN	UNQ			UNC	UNQ			UNC
DECATUR IN	UNQ			UNC
DES MOINES IA					UNQ			UNC
LINCOLN NE	-30	+	H	UNC

PROCESSORS
	CORN				SOYBEANS
DECATUR IL	+0	+	H	UNC	-5	+	H	UNC
DECATUR IN					+0	+	H	UNC
MORRISTOWN IN					-10	+	H	UNC
LAFAYETTE IN					+0	+	H	UNC
CEDAR RAPIDS IA	-29	+	H	UNC	-25	+	H	UNC
COUNCIL BLUFFS IA					-35	+	H	UNC
LINCOLN NE					-35	+	H	UNC
BLAIR NE	-16	+	H	DN 2

RIVER TERMINALS
	CORN				SOYBEANS
TOLEDO OH	-22	+	H	UNC	-24	+	H	UNC
SENECA IL	-14	+	H	UNC	-10	+	H	UNC
SAVANNA IL	-36	+	H	UNC	-39	+	F	UNC
DAVENPORT IA	-28	+	H	UNC	-25	+	H	UNC

ETHANOL PLANTS
LINDEN IN	-10	+	H	UNC
UNION CITY IN	+0	+	H	UNC
ANNAWAN IL	-20	+	H	UNC
COUNCIL BLUFFS IA	-18	+	H	UNC

SRW WHEAT
TOLEDO OH	-25	+	H	UNC
CINCINNATI OH	UNQ			UNC
DECATUR IN	-45	+	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 = 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 Renee Hickman in Chicago; Editing by Nia Williams)

((renee.hickman@thomsonreuters.com))

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