April 22 (Reuters) - Spot basis bids for soybeans firmed at
processors around the U.S. Midwest early on Tuesday as dealers
tried to boost crushing supplies.
* Farmer sales of soybeans remained slow on Tuesday morning
as recent weakness in the futures market has pushed cash prices
below $15 a bushel in many locations.
* Most growers had set a minimum target price of at least
$15 a bushel for new deals, dealers said. Soybean stocks were
tight.
* Soybean bids rose by as much as 10 cents per bushel in
Morristown, Indiana, the biggest increase in the region.
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* Cash bids for corn were steady to weaker at processors,
elevators and river terminals, falling by 6 cents per bushel in
Cedar Rapids, Iowa.
* A dealer in northern Ohio said some growers were booking
sales in order to unload the corn left in their storage bins
before starting spring planting.
* Corn bids did firm at ethanol producers, rising by 2 to 3
cents per bushel in some locations.
* Bids for soybeans held steady at elevators around the
region.
Basis values are quoted against CBOT futures in cts/bu:
CORN SOYBEANS
CINCINNATI OH -6 + K UNC +20 + K UNC
BURNS HARBOR IN -16 + K UNC +2 + K UNC
DECATUR IN -25 + K UNC
DES MOINES IA UNQ UNC
LINCOLN NE -17 + K UNC
PROCESSORS
CORN SOYBEANS
DECATUR IL +6 + K UNC +30 + K UNC
DECATUR IN +50 + K UNC
MORRISTOWN IN +45 + K UP 10
LAFAYETTE IN +40 + K UNC
CEDAR RAPIDS IA +3 + K DN 6 -5 + K UP 5
COUNCIL BLUFFS IA -2 + K UP 3
LINCOLN NE -7 + K UNC
BLAIR NE -5 + K UNC
RIVER TERMINALS
CORN SOYBEANS
TOLEDO OH -17 + K UNC +22 + K UNC
SENECA IL +1 + K UNC +2 + K UNC
SAVANNA IL -7 + K DN 3 -8 + K DN 4
DAVENPORT IA -2 + K DN 3 +1 + K UP 7
ETHANOL PLANTS
LINDEN IN -5 + K UNC
UNION CITY IN -7 + K UP 2
ANNAWAN IL +3 + K UP 3
COUNCIL BLUFFS IA -12 + K UNC
SRW WHEAT
TOLEDO OH -8 + N UNC
CINCINNATI OH -25 + N UNC
DECATUR IN +0 + K UNC
BURNS HARBOR IN -30 + N UNC
NOTES: 0 = Option price, UNC = Unchanged, UNQ = Unquoted,
NC = Not comparable, DP = Delayed Price, K = May, N = July
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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 Mark Weinraub; editing by Andrew Hay and Nick
Zieminski)
U.S. Cash Grains-Processors boost soy bids; corn mostly steady/weak
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