April 24 (Reuters) - Spot basis bids for soybeans were
steady to higher at processors and elevators around the U.S.
Midwest early on Thursday in quiet trading as farmers in the
eastern Corn Belt worked in the fields, dealers said.
* Old-crop soybean supplies were tight, and farmers waited
for higher prices to sell what little remained in storage bins,
dealers said.
* Farmers attempted to complete some planting before rains
forced them out of the fields, dealers said.
* Rain and thunderstorms were forecast on Thursday for the
upper Midwest, according to the National Weather Service.
Read Also
U.S. tariffs looming large over canola market
U.S. tariffs are one market headwind facing Canadian canola prices, but Chinese levies are another wrinkle coming down the pipe for farmers.
* Grain merchants noted light sales of old crop corn early
Thursday morning in western Iowa, where rain kept farmers from
their fields.
* Corn bids were steady to higher at river terminals but
mostly steady at processors.
* Corn bids rose by 1 cent to 2 cents per bushel at ethanol
plants in Illinois and Iowa, but fell by 6 cents per bushel at a
plant in Indiana.
* Cool weather across the region has slowed the planting
pace. Earlier this week, the U.S. Department of Agriculture said
corn acreage was 6 percent planted.
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 +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 UP 5
COUNCIL BLUFFS IA +0 + K UP 2
LINCOLN NE -7 + K UNC
BLAIR NE -5 + K UP 1
RIVER TERMINALS
CORN SOYBEANS
TOLEDO OH -17 + K UNC +22 + K UNC
SENECA IL +2 + K UP 1 +2 + K UNC
SAVANNA IL -3 + K UP 4 -8 + K DN 2
DAVENPORT IA -2 + K UNC -10 + K UNC
ETHANOL PLANTS
LINDEN IN -5 + K UNC
UNION CITY IN -13 + K DN 6
ANNAWAN IL +4 + K UP 1
COUNCIL BLUFFS IA -10 + K UP 2
SRW WHEAT
TOLEDO OH -8 + N UNC
CINCINNATI OH -25 + N UNC
DECATUR IN -5 + K DN 5
BURNS HARBOR IN -30 + 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; Editing by Jeffrey Benkoe)
U.S. Cash Grains-Processor soy bids steady to higher in quiet trade
By
Related Coverage
explore
Stories from our other publications
