Nov 15 (Reuters) - Soybean spot basis bids eased at
processors and elevators in the eastern U.S. Midwest early on
Friday as supplies piled up during the final phases of the
harvest, dealers said.
* A slow pace of barge traffic and higher freight costs
along the lower Ohio River also squeezed the basis as shippers
slashed what they were willing to pay for the beans and nearby
processors and elevators then followed suit.
* Bids eased 5 cents per bushel at a processor in
Morristown, Indiana, and fell 3 cents late on Thursday at a
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large crushing plant in Decatur, Illinois.
* Farmers sales of soybeans that spiked at midweek slowed,
however, with growers that sold at $13 per bushel cash now
holding out for $13.50 or more, the dealers said.
* Corn bids were narrowly lower at Midwest river terminals
and largely unchanged at processors and ethanol plants amid a
slower pace of farmer sales and strong domestic and export
demand.
* Some processors, elevators and ethanol plants were
expected to be open late into Friday night and during the
weekend to accept fresh supplies as farmers begin to finish both
the corn and soybean harvest.
* Showers over the weekend will cause a minor slowdown in
harvesting the U.S. corn and soybean crops but drier weather
next week should allow farmers to nearly wrap up the 2013
harvest, an agricultural meteorologist said.
Basis values are quoted against CBOT futures in cts/bu:
CORN SOYBEANS
CINCINNATI OH -15 + Z UNC -22 + F UNC
BURNS HARBOR IN -24 + Z UNC -6 + F UNC
DECATUR IN -25 + Z UNC
DES MOINES IA -20 + F UNC
LINCOLN NE -8 + Z UNC
PROCESSORS
CORN SOYBEANS
DECATUR IL +10 + Z UNC +17 + F DN 3
DECATUR IN +3 + F UNC
MORRISTOWN IN +0 + F DN 5
LAFAYETTE IN +7 + F UNC
CEDAR RAPIDS +23 + Z UNC -12 + F UNC
COUNCIL BLUFFS IA -5 + F UNC
LINCOLN NE +0 + F UNC
BLAIR NE +5 + Z UNC
RIVER TERMINALS
CORN SOYBEANS
TOLEDO OH -24 + Z UNC +15 + F DN 5
SENECA IL -22 + Z DN 1 +5 + F UNC
SAVANNA IL -9 + Z UNC +2 + F UNC
DAVENPORT IA +0 + Z DN 1 +2 + F UP 1
ETHANOL PLANTS
LINDEN IN -15 + Z UNC
UNION CITY IN -15 + Z UNC
ANNAWAN IL +4 + Z UNC
COUNCIL BLUFFS IA -8 + Z UP 2
SRW WHEAT
TOLEDO -30 + Z UNC
CINCINNATI -30 + Z UNC
DECATUR IN -10 + Z UNC
BURNS HARBOR -35 + Z UNC
NOTES: 0 = Option price, UNC = Unchanged, UNQ = Unquoted,
NC = Not comparable, DP = Delayed Price, Z = December,
F = January, 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 Bernadette
Baum)
US Cash Grains-Soy bids ease in eastern Midwest as supplies build
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