US Cash Grains-Soybean processor basis bids steady-firm on good demand
CHICAGO, April 6 (Reuters) - Spot basis bids for soybeans delivered to U.S. Midwest processing plants were mostly steady to higher on Monday as crushers sought fresh supplies amid strong processing margins, dealers said.
Soybean bids at interior elevators were mostly unchanged, while basis values at barge-loading river elevators were mostly flat to lower.
A large soy processor in Lafayette, Indiana, raised its spot basis bid by 10 cents a bushel on Monday. But spot bids at a Bettendorf, Iowa, river terminal on the Mississippi River fell by 10 cents a bushel.
Corn basis bids at ethanol plants and other processing facilities were mostly steady to higher, while basis values at river elevators were flat to lower.
A Union City, Indiana, ethanol maker lifted its spot basis by 5 cents a bushel. A Bettendorf, Iowa, river terminal cut its spot basis by 12 cents.
Farmers have been focusing on field work ahead of the Midwest spring planting season instead of on selling crops. Prices offered to farmers have fallen from March highs and farmers are waiting for prices to recover, dealers said.
The U.S. Department of Agriculture is scheduled to resume regular weekly U.S. crop progress and condition reports on Monday.
Basis values are quoted against CBOT futures in cts/ bu:
ELEVATORS |
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| CORN |
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| SOYBEANS |
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CINCINNATI OH | +10 | + | K | UNC |
| -7 | + | K | DN 1 |
BURNS HARBOR IN | UNQ |
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| UNC |
| UNQ |
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| UNC |
DECATUR IN | UNQ |
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| UNC |
| UNQ |
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| UNC |
DES MOINES IA | UNQ |
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| UNC |
| UNQ |
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LINCOLN NE | -36 | + | K | UNC |
| -55 | + | X | UNC |
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PROCESSORS |
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| CORN |
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| SOYBEANS |
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DECATUR IL | -5 | + | K | UNC |
| +12 | + | K | UNC |
DECATUR IN |
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| +10 | + | K | UNC |
MORRISTOWN IN |
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| +10 | + | K | UNC |
LAFAYETTE IN |
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| +15 | + | K | UP 10 |
CEDAR RAPIDS IA | -12 | + | K | UP 2 |
| -25 | + | K | UNC |
COUNCIL BLUFFS IA |
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| -45 | + | K | UNC |
LINCOLN NE |
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| -50 | + | K | UNC |
BLAIR NE | -18 | + | K | UNC |
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RIVER TERMINALS |
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| CORN |
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| SOYBEANS |
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TOLEDO OH | +5 | + | K | UNC |
| -10 | + | K | UNC |
SENECA IL | -7 | + | K | UNC |
| -27 | + | K | UNC |
SAVANNA IL | -29 | + | K | UNC |
| -61 | + | K | UNC |
DAVENPORT IA | -32 | + | K | DN 12 |
| -50 | + | K | DN 10 |
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ETHANOL PLANTS |
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LINDEN IN | +0 | + | K | UNC |
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UNION CITY IN | +20 | + | K | UP 5 |
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ANNAWAN IL | -6 | + | K | UNC |
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COUNCIL BLUFFS IA | -20 | + | K | UNC |
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SRW WHEAT |
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TOLEDO OH | -5 | + | K | UNC |
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CINCINNATI OH | UNQ |
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| UNC |
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DECATUR IN | -20 | + | K | UNC |
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BURNS HARBOR IN | UNQ |
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| UNC |
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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
