July 23 (Reuters) – Spot cash basis bids for soybeans were narrowly mixed at U.S. Midwest processors and river terminals, but mostly steady at elevators early on Wednesday in very light trade as Chicago Board of Trade soybean futures traded higher, dealers said.
* The higher CBOT soybean futures enticed some farmers to market crops, dealers said. Some growers placed soybeans in delayed pricing programs on hopes CBOT soy futures would continue to rise, dealers said.
* Soft red winter wheat bids also held steady as farmers delivered the grain to meet existing July contracts, dealers said.
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* Corn bids were steady to narrowly higher at elevators and processors, but sales were quiet, dealers said.
Basis values are quoted against CBOT futures in cts/bu:
CORN SOYBEANS
CINCINNATI OH +5 + Q UNC +100 + Q UNC
BURNS HARBOR IN -14 + U UP 1 +45 + Q UNC
DECATUR IN -25 + U UNC
DES MOINES IA UNQ UNC
LINCOLN NE -20 + U UNC
PROCESSORS
CORN SOYBEANS
DECATUR IL +30 + U UP 1 +95 + Q UNC
DECATUR IN +125 + Q UP 10
MORRISTOWN IN +110 + Q UNC
LAFAYETTE IN +90 + Q UNC
CEDAR RAPIDS IA +10 + U UNC +80 + Q DN 5
COUNCIL BLUFFS IA +80 + Q UNC
LINCOLN NE +85 + Q UNC
BLAIR NE -10 + U UNC
RIVER TERMINALS
CORN SOYBEANS
TOLEDO OH -8 + U UNC +72 + Q UNC
SENECA IL +10 + U UNC +76 + Q UP 3
SAVANNA IL +9 + U UP 2 +0 + Q DN 20
DAVENPORT IA +12 + U DN 2 +35 + Q UNC
ETHANOL PLANTS
LINDEN IN +10 + U UNC
UNION CITY IN +0 + U UNC
ANNAWAN IL +14 + U UNC
COUNCIL BLUFFS IA -21 + U DN 1
SRW WHEAT
TOLEDO OH +5 + U UNC
CINCINNATI OH +5 + U UNC
DECATUR IN +0 + U UNC
BURNS HARBOR IN +0 + U UNC
NOTES: 0 = Option price, UNC = Unchanged, UNQ = Unquoted,
NC = Not comparable, DP = Delayed Price, Q = August,
U = September
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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 Meredith Davis in Chicago; Editing by James
Dalgleish)
