Dec 6 (Reuters) - Spot basis bids for corn rose in parts of
the U.S. Midwest interior Friday on strong demand from
processors including ethanol makers as wintry weather slowed the
movement of grain, dealers said.
* The corn basis firmed for a third straight day at Blair,
Nebraska, site of an ethanol plant. An elevator at Council
Bluffs, Iowa, raised its corn bid by 3 cents.
* Soybean bids were mostly steady but the basis fell 2 cents
at Davenport, Iowa, on the Mississippi River, as the barge
season ended on that stretch of the river. Shippers are moving
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barges farther downstream for the winter.
* Cold temperatures, snow and ice forecast for portions of
the U.S. Plains and southern Midwest into the weekend threaten
some winter wheat and livestock, but the biggest issue may be
logistical snarls, meteorologists said.
* A mixture of rain, sleet, ice and snow fell across the
southern Plains, including Texas, and extended into the northern
U.S. Delta and southeast Midwest.
* At the CBOT, March corn rose 3/4 cent at $4.34-1/4 a
bushel on short-covering and a slow pace of farmer sales.
* CBOT January soybeans fell 2-1/2 cents at $13.25-1/2
a bushel on expectations for a large soy harvest in South
America, but losses were limited by strength in soymeal.
* CBOT March wheat fell 1 cent at $6.51 a bushel on
technical selling.
Basis values are quoted against CBOT futures in cts/bu:
Current Previous
Bid Bid
Chicago, Illinois
Corn processors +4 + H +4 + H UNC
Corn elevators -8 + H -8 + H UNC
Soybean elevators +5 + F +5 + F UNC
Wheat elevators -5 + H -5 + H UNC
Wheat processors -10 + H -10 + H UNC
Decatur IL corn +0 + H +0 + H UNC
Decatur IL soybeans +15 + F +15 + F UNC
Burns Harbor IN corn -25 + H -25 + H UNC
Burns Harbor IN soy -20 + F -20 + F UNC
Lafayette IN soy +5 + F +5 + F UNC
Toledo OH (port)
Corn -17 + H -17 + H UNC
Soy +8 + F +8 + F UNC
SRW wheat -14 + H -17 + H UP 3
Davenport IA (river)
Corn -6 + H -6 + H UNC
Soy -12 + H -10 + H DN 2
Evansville IN (rail)
15-car CSX corn +8 + H +8 + H UNC
Cincinnati OH (rail)
3-car corn UNQ H UNQ H UNC
Hereford TX corn +94 + H +94 + H UNC
Columbus OH (rail)
3-car corn UNQ H UNQ H UNC
Morris IL (river)
Corn -19 + H -22 + H UP 3
Soybeans +10 + F +10 + F UNC
Fort Worth TX corn +122 + H +122 + H UNC
Blair NE corn +2 + H +0 + H UP 2
Council Bluffs, IA (elevator)
Corn -7 + H -10 + H UP 3
Soy -23 + F -20 + F DN 3
Des Moines IA soy UNQ F UNQ F UNC
Sioux City IA soy -25 + F -25 + F UNC
NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted,
NC = Not comparable, DP = Delayed Price, Z = December, F =
January, H = March
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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 Julie Ingwersen; Editing by Diane Craft)
U.S. Cash Grains-Corn steady/firm on thin sales, soy flat
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