Nov 26 (Reuters) - Spot basis bids for corn continued to firm at ethanol
production plants in the U.S. Midwest on Tuesday as dealers at those locations
sought to boost supplies with corn prices near three-year lows.
* Soybean bids were mostly steady to firm at processors and elevators. Grain
dealers said they were trying to spark some country movement as farmers finished
the last stages of their harvest.
* Processor and elevators bids for corn were mostly unchanged, although a
dealer at an elevator in Toledo, Ohio, boosted the bid at that location by 4
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cents a bushel.
* Farmers selling was light. A dealer in Cincinnati, Ohio, said farmers were
calling to ask about soybean prices but few were willing to commit to new deals.
* Soybean futures rallied to a two-month high on Monday, which pulled up
cash prices close to some farmers' targets.
* The Mississippi River was closed to traffic for an eight mile stretch near
Le Claire, Iowa, due to a sinking vessel and oil discharge.
* Soybean futures and corn futures fell in early trading at the
Chicago Board of Trade on Tuesday after posting gains on Monday.
Basis values are quoted against CBOT futures in cts/bu:
RICs RICs
CORN SOYBEANS Corn Wheat SoyBean
CINCINNATI OH -5 + Z UNC +0 + F UP 10 COEL-CNCNT-USM SBEL-CN
CNT-USM
BURNS HARBOR IN -24 + Z UNC -20 + F UNC COEL-BRHRN-USM SBEL-BR
HRN-USM
DECATUR IN -20 + Z UNC COEL-DCTRN-USM SBEL-DC
TRN-USM
DES MOINES IA -30 + F UNC COEL-DSMNS-USM SBEL-DS
MNS-USM
LINCOLN NE -8 + Z UNC COEL-LNCNE-USM SBEL-LN
CNE-USM
PROCESSORS
CORN SOYBEANS
DECATUR IL +15 + Z UNC +15 + F UNC COPR-DCTRL-USM SBPR-DC
TRL-USM
DECATUR IN +3 + F UNC COPR-DCTRN-USM SBPR-DC
TRN-USM
MORRISTOWN IN +0 + F UNC COPR-MRSTN-USM SBPR-MR
STN-USM
LAFAYETTE IN +0 + F UNC COPR-LFYTN-USM SBPR-LF
YTN-USM
CEDAR RAPIDS IA +24 + Z UNC +2 + F UP 9 COPR-CDRPD-USM SBPR-CD
RPD-USM
COUNCIL BLUFFS IA -8 + F DN 3 COPR-CNBLF-USM SBPR-CN
BLF-USM
LINCOLN NE -5 + F UNC COPR-LNCNE-USM SBPR-LN
CNE-USM
BLAIR NE +0 + Z UNC COPR-BLRNE-USM SBPR-BL
RNE-USM
RIVER TERMINALS
CORN SOYBEANS
TOLEDO OH -16 + Z UP 4 +5 + F UNC CORT-TOLDO-USM SBRT-TO
LDO-USM
SENECA IL -4 + Z UNC +7 + F UNC CORT-SNCAL-USM SBRT-SN
CAL-USM
SAVANNA IL +0 + Z UNC +6 + F UP 10 CORT-SVNAL-USM SBRT-SV
NAL-USM
DAVENPORT IA +0 + Z UNC -2 + F DN 2 CORT-DVNPT-USM SBRT-DV
NPT-USM
ETHANOL PLANTS
LINDEN IN -5 + Z UNC ETNL-LNDNN-USM
UNION CITY IN -3 + Z UP 9 ETNL-UNCTN-USM
ANNAWAN IL +6 + Z UP 2 ETNL-ANWNL-USM
COUNCIL BLUFFS IA -4 + Z UP 3 ETNL-CNBLF-USM
SRW WHEAT
TOLEDO OH -30 + Z UNC SRWT-TOLDO-USM
CINCINNATI OH -30 + Z UNC SRWT-CNCNT-USM
DECATUR IN -10 + Z UNC SRWT-DCTRN-USM
BURNS HARBOR IN -35 + Z UNC SRWT-BRHRN-USM
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 and John
Wallace)
U.S. Cash Grains-Corn bids firm on demand from ethanol producers
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