April 28 (Reuters) - Spot basis bids for corn were mostly
steady at processors and elevators around the U.S. Midwest early
on Monday as farmers inquired about pricing, dealers said.
* Dealers noted several farmers were asking about corn
prices, and some sold light amounts of crops in the Western Corn
Belt as prices hovered just above $5 per bushel, an Iowa dealer
said.
* Corn bids rose slightly at river terminals. Bids were up 1
cent per bushel at both an Illinois River terminal and a
Mississippi River terminal.
* Wet and rainy conditions around the U.S. Midwest kept
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farmers out of the fields again, delaying planting progress.
* The U.S. Department of Agriculture on Monday afternoon
will release its weekly crop progress, which is expected to show
planting progress behind the average pace.
* Soybean bids held mostly steady as farmers waited for
higher prices to sell what little old-crop supplies remained in
storage bins, dealers said.
Basis values are quoted against CBOT futures in cts/bu:
CORN SOYBEANS
CINCINNATI OH -6 + K UNC +25 + K UP 5
BURNS HARBOR IN -16 + K UNC +10 + K UNC
DECATUR IN -25 + K UNC
DES MOINES IA UNQ UNC
LINCOLN NE -17 + K UNC
PROCESSORS
CORN SOYBEA
NS
DECATUR IL +12 + K UNC +30 + K UNC
DECATUR IN +50 + K UNC
MORRISTOWN IN +45 + K UNC
LAFAYETTE IN +40 + K UNC
CEDAR RAPIDS IA +6 + K UNC +0 + K UNC
COUNCIL BLUFFS IA +0 + K UNC
LINCOLN NE -5 + K UNC
BLAIR NE -5 + K UNC
RIVER TERMINALS
CORN SOYBEA
NS
TOLEDO OH -17 + K UNC +22 + K UNC
SENECA IL +3 + K UP 1 +2 + K UNC
SAVANNA IL -3 + K UP 1 -8 + K UNC
DAVENPORT IA +0 + K UNC -9 + K UNC
ETHANOL PLANTS
LINDEN IN -5 + K UNC
UNION CITY IN -8 + K UP 5
ANNAWAN IL +4 + K UNC
COUNCIL BLUFFS IA -14 + N NC
SRW WHEAT
TOLEDO OH -8 + N UNC
CINCINNATI OH -25 + N UNC
DECATUR IN -5 + K UNC
BURNS HARBOR IN -25 + N UNC
NOTES: 0 = Option price, UNC = Unchanged, UNQ = Unquoted,
NC = Not comparable, DP = Delayed Price, K = May, N = July
---------------------------------------------------------------
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 Lisa Von
Ahn)
U.S. Cash Grains-Corn, soy basis bids steady; wet weather stalls planting
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