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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