CHICAGO, June 23 (Reuters) - Spot corn basis bids were mixed at grain elevators, river terminals and processing plants in the U.S. Midwest on Monday with limited farmer selling, according to analysts.
Analysts said trade was quiet in the cash market, but there were some local pushes for deliveries where crops appear poor and there is greater demand.
The corn basis improved at a river terminal in Davenport, Iowa and an ethanol plant in Council Bluffs, Iowa.
The corn basis fell at a processor in Cedar Rapids, Iowa and an elevator in Cincinnati, Ohio.
The soybean basis rose at a processor in Lafayette, Indiana and weakened at the elevator in Cincinnati.
Warm, wet weather is expected to provide ideal growing conditions in the U.S. corn belt in the coming weeks, according to analysts.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN |
| SOYBEANS | |||||||
CINCINNATI OH | +11 | + | N | DN 1 | +1 | + | N | DN 1 | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA |
|
| UNQ | UNC | |||||
LINCOLN NE | -18 | + | N | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | +8 | + | N | UNC | -20 | + | X | UNC | |
DECATUR IN | +10 | + | N | UNC | |||||
MORRISTOWN IN |
| +15 | + | N | UNC | ||||
LAFAYETTE IN | -2 | + | N | UP 3 | |||||
CEDAR RAPIDS IA | -2 | + | N | DN 1 | -25 | + | X | UNC | |
COUNCIL BLUFFS IA | -20 | + | N | UNC | |||||
LINCOLN NE | -35 | + | X | UNC | |||||
BLAIR NE | +7 | + | N | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | +10 | + | N | UNC | -50 | + | X | UNC | |
SENECA IL | -1 | + | N | UNC |
| -5 | + | N | UNC |
SAVANNA IL | -13 | + | N | UNC | -36 | + | N | UNC | |
DAVENPORT IA | -10 | + | N | UP 1 | -28 | + | N | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | +15 | + | N | UNC | |||||
UNION CITY IN | +40 | + | N | UNC | |||||
ANNAWAN IL | -7 | + | N | UNC | |||||
COUNCIL BLUFFS IA | +4 | + | N | UP 2 | |||||
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