April 17 (Reuters) - Corn spot basis bids were steady to
higher on Thursday around the U.S. Midwest in an effort to
entice farmers to sell the remaining amounts of old-crop corn,
grain merchants said.
* Corn basis bids firmed by 2 to 3 cents per bushel at
processors in the Western Corn Belt and corn bids firmed by 1 to
2 cents at ethanol plants in the Eastern Corn Belt.
* Corn bids also firmed by 3 to 4 cents per bushel at
terminals on the Mississippi River.
* Farmers have sold light amount of crops as corn prices
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hovered near $5 per bushel and soybean prices hovered near $15
per bushel, dealers said.
* Soybean basis bids were mostly steady at elevators and
processors around the region, but increased by 1 to 5 cents per
bushel at river terminals.
* Some processors and elevators will be closed for Good
Friday. Some will accept crop deliveries, but will not be
available to book sales, dealers said.
* Wet and frozen ground conditions have kept farmers out of
the field, but with forecasts for warmer temperatures in the
Western Corn Belt next week farmers may be able to resume
planting activities, grain merchants said.
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 +45 + K UNC
MORRISTOWN IN +35 + K UNC
LAFAYETTE IN +40 + K UNC
CEDAR RAPIDS IA +9 + K UP 3 -10 + K UP 2
COUNCIL BLUFFS IA -5 + K UNC
LINCOLN NE -7 + K UNC
BLAIR NE -7 + K UP 2
RIVER TERMINALS
CORN SOYBEANS
TOLEDO OH -17 + K UNC +22 + K UP 5
SENECA IL +0 + K UNC +2 + K UNC
SAVANNA IL -4 + K UP 3 -4 + K UNC
DAVENPORT IA +1 + K UP 4 -2 + K UP 1
ETHANOL PLANTS
LINDEN IN -5 + K UP 2
UNION CITY IN -7 + K UNC
ANNAWAN IL +0 + K UP 1
COUNCIL BLUFFS IA -12 + K UNC
SRW WHEAT
TOLEDO OH +0 + K UNC
CINCINNATI OH -15 + 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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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 Matthew
Lewis)
U.S. Cash Grains-Corn bids steady to firm; light sales
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