Nov 27 (Reuters) - Soybean cash basis bids were mostly
steady to lower around the U.S. Midwest on Wednesday, pressured
by a spike in farmer sales following a two-month high in futures
prices at the Chicago Board of Trade, dealers said.
* Bids eased at an elevator in Ohio, processor in Ohio and
along Midwest waterways. Both farmers and commercial elevators
increased sales in recent days as futures climbed.
* But an overall slow pace of sales and good demand
supported bids elsewhere, with the soy basis rising by 5 cents
per bushel at a closely monitored processor in Decatur,
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Illinois.
* The corn basis was firm along the river and at rail
terminals in the eastern Midwest amid a slower pace of farmer
sales and continued strong demand despite a seasonally large
supply following the harvest.
* Soft red winter wheat bids jumped 10 cents in Toledo,
Ohio, with U.S. wheat priced competitively in global export
markets.
* Many processors and elevators closed early on Wednesday
and will remain closed until early on Friday in observance of
the U.S. Thanksgiving Day holiday.
Basis values are quoted against CBOT futures in cts/bu:
Current Previous
Bid Bid
Chicago, Illinois
Corn processors +13 + Z +13 + Z UNC
Corn elevators +0 + Z +0 + Z UNC
Soybean elevators +5 + F +5 + F UNC
Wheat elevators +5 + Z +5 + Z UNC
Wheat processors -10 + Z -10 + Z UNC
Decatur IL corn +15 + Z +15 + Z UNC
Decatur IL soybeans +20 + F +15 + F UP 5
Burns Harbor IN -24 + Z -24 + Z UNC
corn
Burns Harbor IN soy -20 + F -20 + F UNC
Lafayette IN soy +0 + F +0 + F UNC
Toledo OH (port)
Corn -17 + H -17 + H UNC
Soy +0 + F +6 + F DN 6
SRW wheat -3 + Z -13 + Z UP 10
Davenport IA
(river)
Corn +2 + Z +0 + Z UP 2
Soy -10 + H -8 + H DN 2
Evansville IN
(rail)
15-car CSX corn +14 + Z +8 + Z UP 6
Cincinnati OH
(rail)
3-car corn +6 + Z +0 + Z UP 6
Hereford TX corn +95 + H +95 + H UNC
Columbus OH (rail)
3-car corn +6 + Z +0 + Z UP 6
Morris IL (river)
Corn -7 + Z -7 + Z UNC
Soybeans +3 + F +5 + F DN 2
Fort Worth TX corn +120 + H +120 + H UNC
Blair NE corn +0 + Z +0 + Z UNC
Council Bluffs, IA (elevator)
Corn -4 + Z -4 + Z UNC
Soy -12 + F -12 + F UNC
Des Moines IA soy -30 + X -30 + X UNC
Sioux City IA soy -22 + F -19 + F DN 3
NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted,
NC = Not comparable, DP = Delayed Price, X = November,
Z = December
----------------------------------------------------------------
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 Diane
Craft)
U.S. Cash Grains-Soy bids mostly weak after farmer sales
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