U.S. Cash Grains-Corn, soy weak on river on demand ebb, firm freight

June 5 (Reuters) – Spot basis bids for corn and soybeans were steady to lower at U.S. Midwest river terminals on Thursday, pressured by limited demand and higher shipping costs on some waterways, grain merchants said.

* Soybean bids stabilized at processing plants after steep declines tied to the roll of the basis to Chicago Board of Trade August futures from July futures. The soy basis fell to the lowest level in a month in the CIF barge market, reflecting seasonally light exporter demand.

* The soy basis fell 2 to 7 cents per bushel at Mississippi River terminals while corn bids eased 4 to 5 cents on the Mississippi and Illinois rivers. Increasing shipping costs on the Illinois River further weighed on bids, the dealers said.

* Corn bids firmed 3 cents at an ethanol plant in western Iowa but eased by 1 cent at facilities in Illinois and Indiana.

Basis values are quoted against CBOT futures in cts/bu:
                     CORN                   SOYBEANS           
 CINCINNATI OH         +2   +  N  UNC        +95   +  Q   UNC
 BURNS HARBOR IN      -12   +  N  UNC        +15   +  N   UNC
 DECATUR IN           -15   +  N  UNC                          
 DES MOINES IA                               UNQ          UNC
 LINCOLN NE           -13   +  N  UNC                     
                                                               
 PROCESSORS                                                    
                     CORN                   SOYBEANS           
 DECATUR IL           +18   +  N  UNC        +95   +  Q   UNC
 DECATUR IN                                 +115   +  Q   UNC
 MORRISTOWN IN                              +115   +  Q   UNC
 LAFAYETTE IN                               +115   +  Q   UNC
 CEDAR RAPIDS IA      +25   +  N  UNC        +75   +  Q   UNC
 COUNCIL BLUFFS IA                           +62   +  Q   UNC
 LINCOLN NE                                  +62   +  Q   UNC
 BLAIR NE              -1   +  N  UNC                          
                                                               
 RIVER TERMINALS                                               
                     CORN                   SOYBEANS           
 TOLEDO OH            -13   +  N  UNC        +85   +  Q   NC
 SENECA IL             -1   +  N  DN 5       +15   +  N   UNC
 SAVANNA IL            +0   +  N  UNC         -7   +  N   DN 7
 DAVENPORT IA          +3   +  N  DN 4        -1   +  N   DN 2
                                                               
 ETHANOL PLANTS                                                
 LINDEN IN             -1   +  N  DN 1                         
 UNION CITY IN        +12   +  N  UNC                          
 ANNAWAN IL            +8   +  N  DN 1                         
 COUNCIL BLUFFS IA     +0   +  N  UP 3                         
                                                               
 SRW WHEAT                                                     
 TOLEDO OH             -3   +  N  UNC                          
 CINCINNATI OH        -15   +  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, Q = August  
	
--------------------------------------------------------------- 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 Jonathan Oatis)

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