CHICAGO, July 10 (Reuters) - Spot basis bids for corn and soybeans were mostly flat in the U.S. Midwest on Thursday as futures bounced back from earlier lows.
The corn basis fell at a river terminal in Morris, Illinois.
The wheat basis fell at a processor in the Chicago area.
The basis was unchanged at all other locations in a spot check.
Chicago Board of Trade corn and soybean futures ended firmer on Thursday on positioning ahead of monthly supply/demand reports due from the U.S. Department of Agriculture on Friday.
CBOT December corn CZ25 ended up 1 cent at $4.16-1/2 a bushel.
November soybeans SX25 ended up 6-1/2 cents at $10.13-3/4 a bushel after falling to $10.02-1/4, the contract's lowest since mid-April.
Basis values are quoted against CBOT futures in cents/bu:
Current | Previous | |||||||
Bid | Bid | |||||||
Chicago, Illinois | ||||||||
Corn processors | +22 | + | U | +22 | + | U | UNC | |
Corn elevators | +40 | + | U | +40 | + | U | UNC | |
Soybean elevators | -10 | + | Q | -10 | + | Q | UNC | |
Wheat elevators | -10 | + | U | -10 | + | U | UNC | |
Wheat processors | -10 | + | U | -7 | + | U | DN 3 | |
Decatur IL corn | +18 | + | U | +18 | + | U | UNC | |
Decatur IL soybeans | +25 | + | X | +25 | + | X | UNC | |
Burns Harbor IN corn | UNQ | UNQ | UNC | |||||
Burns Harbor IN soy | UNQ | UNQ | UNC | |||||
Lafayette IN soy | +20 | + | X | +20 | + | X | UNC | |
Toledo OH (port) | ||||||||
Corn | +10 | + | U | +10 | + | U | UNC | |
Soy | -15 | + | X | -15 | + | X | NC | |
SRW wheat | -29 | + | U | -29 | + | U | NC | |
Davenport IA (river) | ||||||||
Corn | +1 | + | U | +1 | + | U | UNC | |
Soy | -9 | + | Q | -9 | + | Q | UNC | |
Evansville IN (rail) | ||||||||
15-car CSX corn | UNQ | U | UNQ | U | UNC | |||
Cincinnati OH (rail) | ||||||||
3-car corn | UNQ | UNQ | UNC | |||||
Hereford TX corn | +110 | + | U | +110 | + | U | UNC | |
Columbus OH (rail) | ||||||||
3-car corn | +48 | + | U | +48 | + | U | UNC | |
Morris IL (river) | ||||||||
Corn | +10 | + | U | +12 | + | U | DN 2 | |
Soybeans | +1 | + | Q | +1 | + | Q | UNC | |
Fort Worth TX corn | +110 | + | U | +110 | + | U | UNC | |
Blair NE corn | +15 | + | U | +15 | + | U | UNC | |
Council Bluffs, IA (elevator) | ||||||||
Corn | +13 | + | U | +13 | + | U | UNC | |
Soy | -25 | + | X | -25 | + | X | UNC | |
Des Moines IA soy | -20 | + | X | -20 | + | X | UNC | |
Sioux City IA soy | -5 | + | X | -5 | + | X | 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-AM
For U.S. forward basis spreadsheets, please click on:
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 AM GRA/M
- U.S. CIF/FOB Gulf Grain GRA/F