CHICAGO, Aug 14 (Reuters) - Basis bids for corn and soybeans were steady to down at elevators, processors and river terminals in a spot check of locations in the U.S. Midwest on Thursday as futures fell.
The corn basis fell at a processor in Cedar Rapids, Iowa and a river terminal in Savanna, Illinois.
The soybean basis fell at an elevator in Cincinnati, Ohio, a processor in Lafayette, Indiana, and at river terminals in Seneca, Illinois and Davenport, Iowa.
Chicago soybean futures edged down on Thursday, consolidating after a six-week high fuelled by a lower-than-expected U.S. government harvest forecast released on Tuesday. GRA/
Corn futures were dented by the USDA's bigger-than-expected U.S. corn crop outlook, with its record yield and huge shift in acreage from soybeans to corn.
As of 12:16 p.m. CST (1716 GMT), CBOT November soybeans SX25 were down 14-3/4 cents at $10.29-1/2 a bushel.
CBOT December corn CZ25 was down 1-1/4 cents at $3.96 a bushel.
ELEVATORS |
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| CORN |
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| SOYBEANS |
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CINCINNATI OH | -4 | + | U | UNC |
| -28 | + | X | DN 2 |
BURNS HARBOR IN | UNQ |
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DECATUR IN | UNQ |
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DES MOINES IA |
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LINCOLN NE | -10 | + | U | UNC |
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PROCESSORS |
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| CORN |
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| SOYBEANS |
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DECATUR IL | +20 | + | U | UNC |
| +20 | + | X | UNC |
DECATUR IN |
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| -18 | + | X | UNC |
MORRISTOWN IN |
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| +5 | + | X | UNC |
LAFAYETTE IN |
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| +0 | + | X | DN 15 |
CEDAR RAPIDS IA | -6 | + | U | DN 6 |
| -40 | + | X | UNC |
COUNCIL BLUFFS IA |
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| -25 | + | X | UNC |
LINCOLN NE |
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| -30 | + | X | UNC |
BLAIR NE | +0 | + | U | UNC |
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RIVER TERMINALS |
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| CORN |
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| SOYBEANS |
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TOLEDO OH | -10 | + | U | UNC |
| -55 | + | X | UNC |
SENECA IL | -5 | + | U | UNC |
| -20 | + | X | DN 10 |
SAVANNA IL | -19 | + | U | DN 4 |
| -56 | + | X | UNC |
DAVENPORT IA | -10 | + | U | UNC |
| -55 | + | X | DN 10 |
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ETHANOL PLANTS |
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LINDEN IN | +20 | + | U | UNC |
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UNION CITY IN | +20 | + | U | UNC |
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ANNAWAN IL | -14 | + | U | UNC |
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COUNCIL BLUFFS IA | -2 | + | U | UNC |
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SRW WHEAT |
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TOLEDO OH | -32 | + | U | UNC |
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CINCINNATI OH | UNQ |
| U | UNC |
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DECATUR IN | -25 | + | U | UNC |
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BURNS HARBOR IN | UNQ |
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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