Jan 16 (Reuters) - Soybean spot basis bids were steady to
mixed at U.S. Midwest processors and river terminals on Thursday
as pressure from a spike in farmer sales and higher futures was
offset by support from good crusher and exporter demand, dealers
said.
* Corn bids were also flat to narrowly mixed amid increased
farmer sales and deliveries.
* Futures for each crop were hovering near the highest
levels in more than three weeks at the Chicago Board of Trade.
The jump in futures coupled with warmer temperatures this week
resulted in the largest influx of farmer deliveries so far this
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year.
* Still, profitable margins for processors and grain
handlers as well as a slow pace of farmer sales in the final
weeks of last year has bolstered the corn and soybean basis
despite the pickup in country movement.
* The U.S. Agriculture Department on Thursday pegged export
sales of both commodities above analyst expectations last week,
which propped up futures in early activity.
* Soybean bids weakened by 5 cents per bushel at processors
in Illinois and Iowa but rose at a crushing plant in Indiana and
along the Illinois River. Corn bids eased at a ethanol plant in
western Iowa but firmed at a corn mill in eastern Nebraska.
Basis values quoted against CBOT futures in cents/bushel:
CORN SOYBEANS
CINCINNATI OH -10 + H UNC +19 + H UNC
BURNS HARBOR IN -15 + H UNC -8 + H UNC
DECATUR IN -10 + H UNC
DES MOINES IA UNQ UNC
LINCOLN NE -18 + H UNC
PROCESSORS
CORN SOYBEANS
DECATUR IL +6 + H UNC +30 + H DN 5
DECATUR IN +15 + H UP 3
MORRISTOWN IN +25 + H UNC
LAFAYETTE IN +25 + H UNC
CEDAR RAPIDS IA +14 + H UNC -15 + H DN 5
COUNCIL BLUFFS IA -8 + H UNC
LINCOLN NE -8 + H UNC
BLAIR NE -3 + H UP 1
RIVER TERMINALS
CORN SOYBEANS
TOLEDO OH -13 + H UNC +13 + H UNC
SENECA IL -17 + H UP 1 +31 + H UP 4
SAVANNA IL -12 + H UNC +2 + H UNC
DAVENPORT IA -3 + H UNC -5 + H DN 2
ETHANOL PLANTS
LINDEN IN -2 + H UNC
UNION CITY IN -2 + H UNC
ANNAWAN IL -7 + H DN 1
COUNCIL BLUFFS IA -14 + H DN 2
SRW WHEAT
TOLEDO OH -10 + H UNC
CINCINNATI OH -42 + H UNC
DECATUR IN -5 + H UNC
BURNS HARBOR IN -35 + H UNC
NOTES: 0 = Option price, UNC = Unchanged, UNQ = Unquoted,
NC = Not comparable, DP = Delayed Price, H = March
---------------------------------------------------------------
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 Sophie
Hares)
U.S. Cash Grains-Soy bids mixed on sales pickup, good demand
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