May 15 (Reuters) – Corn spot basis bids were steady to higher around the U.S. Midwest early on Thursday in quiet trade as rainy weather kept farmers out of the fields, dealers said.
* Soybean bids were steady to narrowly mixed at processors and river terminals.
* A couple processors increased their soybean bids as farmer sales of old-crop soybeans remain slow.
* Farmers showed some interested in selling soybean as cash prices reached $15 per bushel in Council Bluffs, Iowa, a dealer said.
* A couple of dealers noticed a slight increase in crop delivery pace as rainy and wet conditions kept farmers from planting.
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* Heavy rain and thunderstorms are forecast for the northern portion of the Eastern Corn Belt, according to the National Weather Service.
* The National Oilseed Processors Association’s monthly soybean crush data scheduled for release at 11 a.m. (1600 GMT) on Thursday should show the U.S. crush for April at 132.26 million bushels, according to the average forecast of nine analysts in a Reuters poll.
Basis values are quoted against CBOT futures in cts/bu:
CORN SOYBEANS
CINCINNATI OH -10 + N UNC +40 + N UP 5
BURNS HARBOR IN -15 + N UNC +22 + N UNC
DECATUR IN -30 + N UNC
DES MOINES IA UNQ UNC
LINCOLN NE -19 + N UNC
PROCESSORS
CORN SOYBEANS
DECATUR IL +14 + N UNC +40 + N UNC
DECATUR IN +65 + N UP 5
MORRISTOWN IN +55 + N UNC
LAFAYETTE IN +55 + N UNC
CEDAR RAPIDS IA +10 + N UNC +17 + N UNC
COUNCIL BLUFFS IA +18 + N UP 3
LINCOLN NE +5 + N DN 10
BLAIR NE -9 + N UP 2
RIVER TERMINALS
CORN SOYBEANS
TOLEDO OH -19 + N UNC +30 + N UNC
SENECA IL +1 + N UP 1 +8 + N DN 1
SAVANNA IL -6 + N UNC +2 + N UP 2
DAVENPORT IA -1 + N UNC +10 + N UP 5
ETHANOL PLANTS
LINDEN IN -3 + N UP 4
UNION CITY IN +0 + N UNC
ANNAWAN IL -3 + N UNC
COUNCIL BLUFFS IA -14 + N UP 1
SRW WHEAT
TOLEDO OH -8 + N UNC
CINCINNATI OH -10 + N UNC
DECATUR IN -15 + N UNC
BURNS HARBOR IN -20 + N UNC
NOTES: 0 = Option price, UNC = Unchanged, UNQ = Unquoted,
NC = Not comparable, DP = Delayed Price, 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 Meredith Davis in Chicago; Editing by Marguerita
Choy)
