CHICAGO, Aug 5 (Reuters) - Basis bids for soybeans and corn were mixed at river terminals around the U.S. Midwest on Tuesday. Soybean basis bids were steady to down at processors.
The soybean basis fell at a river terminal in Savanna, Illinois. It rose at river terminals in Seneca, Illinois and Davenport, Iowa.
The soybean basis also fell at a processor in Morristown, Illinois.
The corn basis fell at the river terminal in Seneca, Illinois and rose in Savanna, Illinois and Davenport, Iowa.
"The southern harvest is picking up, putting a bit more inventory into the market," said Karl Setzer, a partner at Consus Ag Consulting.
U.S. soybean and corn crop ratings were mostly steady from the previous week and at their highest levels in years, the U.S. Department of Agriculture reported after the market's close on Monday.
Soybean futures were choppy on Tuesday, with larger-than-expected weekly U.S. export inspections, though a lack of Chinese demand weighed on the market. GRA/
As of 12:47 a.m. CST (1747 GMT) CBOT September corn futures CU25 were down 5-1/4 cents at $3.81-3/4 a bushel and new-crop December corn CZ25 was down 4-3/4 cents at $4.02-1/4 a bushel.
CBOT August soybeans SQ25 ended up 1/2 cent at $9.69-1/2 a bushel and the new-crop November contract SX25 was down 1-3/4 cents at $9.92-3/4.
ELEVATORS | |||||||||
CORN |
| SOYBEANS | |||||||
CINCINNATI OH | +0 | + | U | UP 4 | -63 | + | X | UNC | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA |
|
| UNQ | UNC | |||||
LINCOLN NE | -10 | + | U | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | +17 | + | U | UNC | +10 | + | X | UNC | |
DECATUR IN | -15 | + | X | UNC | |||||
MORRISTOWN IN |
| +15 | + | X | DN 5 | ||||
LAFAYETTE IN | +15 | + | X | UNC | |||||
CEDAR RAPIDS IA | +2 | + | U | UNC | -30 | + | X | UNC | |
COUNCIL BLUFFS IA | -20 | + | X | UNC | |||||
LINCOLN NE | -30 | + | X | UNC | |||||
BLAIR NE | +0 | + | U | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -5 | + | U | UNC | -50 | + | X | UNC | |
SENECA IL | -5 | + | U | DN 5 |
| -5 | + | X | UP 17 |
SAVANNA IL | -14 | + | U | UP 1 | -56 | + | X | DN 10 | |
DAVENPORT IA | -10 | + | U | UP 3 | -45 | + | X | UP 4 | |
ETHANOL PLANTS | |||||||||
LINDEN IN | +20 | + | U | UNC | |||||
UNION CITY IN | +35 | + | U | UNC | |||||
ANNAWAN IL | -10 | + | U | UNC | |||||
COUNCIL BLUFFS IA | +0 | + | U | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -32 | + | U | UNC | |||||
CINCINNATI OH | UNQ | U | UNC | ||||||
DECATUR IN | -25 | + | U | 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