CHICAGO, June 10 (Reuters) - Spot soybean and corn basis bids were mostly steady to higher at U.S. Midwest river terminals, grain elevators and processing facilities on Tuesday, according to a spot check of locations.
The soybean basis improved by 5 cents at a processor in Morristown, Indiana.
The corn basis increased by 3 cents at a grain elevator in Blair, Nebraska and by 1 cent at a river terminal in Savanna, Illinois.
The corn basis fell by 2 cents at an ethanol plant in Annawan, Illinois.
Farmers have largely finished planting corn and soybeans.
The U.S. Department of Agriculture's weekly crop progress report said 71% of the country's corn crop was in good to excellent condition as of Sunday, up from 69% the week prior and slightly above the average estimate from a Reuters survey of analysts.
Corn and soy planting is quickly drawing to a close, with the USDA reporting 97% of the nation's corn crop and 90% of the soybean crop already seeded.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN |
| SOYBEANS | |||||||
CINCINNATI OH | +9 | + | N | UNC | +10 | + | N | UNC | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA |
|
| UNQ | UNC | |||||
LINCOLN NE | -25 | + | N | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | +5 | + | N | UNC | +22 | + | N | UNC | |
DECATUR IN | +35 | + | N | UNC | |||||
MORRISTOWN IN |
| +40 | + | N | UP 5 | ||||
LAFAYETTE IN | +25 | + | N | UNC | |||||
CEDAR RAPIDS IA | -1 | + | N | UNC | -15 | + | N | UNC | |
COUNCIL BLUFFS IA | -10 | + | N | UNC | |||||
LINCOLN NE | -10 | + | N | UNC | |||||
BLAIR NE | +5 | + | N | UP 3 | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | +10 | + | N | UNC | +15 | + | N | UNC | |
SENECA IL | +0 | + | N | UNC |
| +0 | + | N | UNC |
SAVANNA IL | -15 | + | N | UP 1 | -36 | + | N | UNC | |
DAVENPORT IA | -7 | + | N | UNC | -13 | + | N | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | +20 | + | N | UNC | |||||
UNION CITY IN | +40 | + | N | UNC | |||||
ANNAWAN IL | -10 | + | N | DN 2 | |||||
COUNCIL BLUFFS IA | +0 | + | N | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -25 | + | N | UNC | |||||
CINCINNATI OH | UNQ | UNC | |||||||
DECATUR IN | -30 | + | 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