Nov 25 (Reuters) - Corn cash basis bids were firm at U.S.
Midwest ethanol plants, while soybean bids climbed at river
terminals early on Monday, with light country offerings and good
demand supporting both grains, dealers said.
* Some farmers sold soybeans late last week after cash
prices climbed above $13 per bushel. But sales of both crops
overall are slow with the harvest roughly complete.
* Corn bids gained as much as 4 cents per bushel at a
closely monitored processor and ethanol plant in Cedar Rapids,
Iowa, while soybean bids rose 2 cents along the Mississippi
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River and rose 3 cents at a processor in Council Bluffs, Iowa.
* A downturn in barge freight costs on Midwest waterways
also supported bids for soybeans along the river.
* Soybean futures edged lower and corn futures
were narrowly higher in early activity at the Chicago Board of
Trade, with the moves failing to spur any significant selling
from farmers or commercial elevators, the dealers said.
Basis values are quoted against CBOT futures in cts/bu:
CORN SOYBEANS
CINCINNATI OH -5 + Z UNC -10 + F UNC
BURNS HARBOR IN -24 + Z UNC -20 + F UNC
DECATUR IN -20 + Z UNC
DES MOINES IA -30 + F UNC
LINCOLN NE -8 + Z UNC
PROCESSORS
CORN SOYBEANS
DECATUR IL +15 + Z UNC +15 + F UNC
DECATUR IN +3 + F UNC
MORRISTOWN IN +0 + F UNC
LAFAYETTE IN +0 + F DN 7
CEDAR RAPIDS IA +24 + Z UP 4 -7 + F UNC
COUNCIL BLUFFS IA -5 + F UP 3
LINCOLN NE -5 + F UNC
BLAIR NE +0 + Z UNC
RIVER TERMINALS
CORN SOYBEANS
TOLEDO OH -20 + Z UNC +5 + F UNC
SENECA IL -4 + Z UNC +7 + F UNC
SAVANNA IL +0 + Z UNC -4 + F UP 2
DAVENPORT IA +0 + Z DN 1 +0 + F UP 2
ETHANOL PLANTS
LINDEN IN -5 + Z UNC
UNION CITY IN -12 + Z UP 3
ANNAWAN IL +4 + Z UNC
COUNCIL BLUFFS IA -7 + Z UP 3
SRW WHEAT
TOLEDO OH -30 + Z UNC
CINCINNATI OH -30 + Z UNC
DECATUR IN -10 + Z UNC
BURNS HARBOR IN -35 + Z UNC
NOTES: 0 = Option price, UNC = Unchanged, UNQ = Unquoted,
NC = Not comparable, DP = Delayed Price, Z = December,
F = January, H = March
---------------------------------------------------------------
LINKS:
For U.S. forward basis spreadsheets, please double-click on:
- CBOT corn report
- CBOT soybean report
- CBOT wheat report
- U.S. grain barge freight values
- U.S. Midwest cash grain PM
- U.S. CIF Gulf Grain
- U.S. FOB Gulf Grain
(Reporting by Michael Hirtzer in Chicago; Editing by Lisa Von
Ahn)
U.S. Cash Grains-Corn bids firm at ethanol plant; river soy rises
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