Nov 29 (Reuters) - Spot cash basis bids for corn and
soybeans held mostly steady around the U.S. Midwest on Friday,
supported by light offerings from farmers and commercial
elevators, grain merchants said.
* Soy bids eased at a processor in Sioux City, Iowa, while
bids for both soybeans and corn were largely unchanged elsewhere
following an abbreviated session at the Chicago Board of Trade.
* Soybean futures jumped more than 1 percent amid
strong export sales results and continued good overseas demand
but the higher futures failed to entice significant farmer
sales.
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* Corn futures edged narrowly lower, keeping country
sales of corn to a minimum.
* Most farmers are finished with the harvest of each crop
and are putting a majority of supplies in storage in the hopes
of selling next year at higher prices.
Basis values are quoted against CBOT futures in cts/bu:
Current Previous
Bid Bid
Chicago, Illinois
Corn processors +13 + Z +13 + Z UNC
Corn elevators +0 + Z +0 + Z UNC
Soybean elevators +5 + F +5 + F UNC
Wheat elevators +5 + Z +5 + Z UNC
Wheat processors -10 + Z -10 + Z UNC
Decatur IL corn +15 + Z +15 + Z UNC
Decatur IL soybeans +20 + F +20 + F UNC
Burns Harbor IN corn -20 + H -24 + Z NC
Burns Harbor IN soy -20 + F -20 + F UNC
Lafayette IN soy +0 + F +0 + F UNC
Toledo OH (port)
Corn -17 + H -17 + H UNC
Soy +0 + F +0 + F UNC
SRW wheat -3 + Z -3 + Z UNC
Davenport IA (river)
Corn +2 + Z +2 + Z UNC
Soy -5 + F -10 + H NC
Evansville IN (rail)
15-car CSX corn +14 + Z +14 + Z UNC
Cincinnati OH (rail)
3-car corn +6 + Z +6 + Z UNC
Hereford TX corn +95 + H +95 + H UNC
Columbus OH (rail)
3-car corn +6 + Z +6 + Z UNC
Morris IL (river)
Corn -1 + Z -7 + Z UP 6
Soybeans +3 + F +3 + F UNC
Fort Worth TX corn +120 + H +120 + H UNC
Blair NE corn +0 + Z +0 + Z UNC
Council Bluffs, IA (elevator)
Corn -4 + Z -4 + Z UNC
Soy -12 + F -12 + F UNC
Des Moines IA soy -30 + X -30 + X UNC
Sioux City IA soy -25 + F -22 + F DN 3
NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted,
NC = Not comparable, DP = Delayed Price, X = November,
Z = December
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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 Peter
Galloway)
U.S. Cash Grains-Corn, soy bids mostly steady in light trading
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