US Cash Grains-Corn bids down, soy mixed as futures falter

Reuters01-09 01:17

CHICAGO, Jan 8 (Reuters) - Spot basis bids for corn fell and soy bids were mixed on Wednesday as Chicago Board of Trade futures came under pressure from a rising dollar and rain chances in dry Argentina crop belts.

* The soy basis rose at an Ohio elevator and Illinois processor. The basis fell at an Indiana processor.

* The corn basis fell at an Illinois ethanol plant and Ohio river terminal.

* Farmer selling has risen after recent strength in futures markets, an analyst said.

* Uncertainty surrounding incoming U.S. President Donald Trump's trade policies continues to add volatility to markets.

* Rain projected over parts of Argentina is expected to ease heat stress to the corn and soy crop, though the showers are likely to miss the majority of the country's corn and soy-growing areas, an analyst note said

* U.S. exporters sold 120,000 metric tons of soybeans to unknown destinations for 2024/25 delivery, the U.S. Department of Agriculture reported.

* CBOT most-active corn Cv1 was last down 1-3/4 cents to $4.56-1/4 per bushel and most-active soybeans Sv1 were last down 3/4 cents at $9.96-1/2 a bushel.

Basis values are quoted against CBOT futures in cts/bu:

ELEVATORS
	CORN				SOYBEANS
CINCINNATI OH	+0	+	H	UNC	+12	+	H	UP 1
BURNS HARBOR IN	UNQ			UNC	UNQ			UNC
DECATUR IN	UNQ			UNC
DES MOINES IA					UNQ			UNC
LINCOLN NE	-25	+	H	UNC

PROCESSORS
	CORN				SOYBEANS
DECATUR IL	+2	+	H	UNC	+0	+	H	UP 4
DECATUR IN					+3	+	H	DN 5
MORRISTOWN IN					+0	+	H	UNC
LAFAYETTE IN					-5	+	H	UNC
CEDAR RAPIDS IA	-17	+	H	UNC	-20	+	H	UNC
COUNCIL BLUFFS IA					-25	+	H	UNC
LINCOLN NE					-35	+	H	UNC
BLAIR NE	-8	+	H	UNC

RIVER TERMINALS
	CORN				SOYBEANS
TOLEDO OH	-20	+	H	UNC	-20	+	H	UNC
SENECA IL	-10	+	H	UNC	-8	+	H	UNC
SAVANNA IL	-31	+	H	UNC	-39	+	F	UNC
DAVENPORT IA	-25	+	H	UNC	-23	+	H	UNC

ETHANOL PLANTS
LINDEN IN	-12	+	H	UNC
UNION CITY IN	+3	+	H	UNC
ANNAWAN IL	-15	+	H	DN 3
COUNCIL BLUFFS IA	-12	+	H	UNC

SRW WHEAT
TOLEDO OH	-25	+	H	DN 5
CINCINNATI OH	UNQ			UNC
DECATUR IN	-45	+	H	UNC
BURNS HARBOR IN	UNQ			UNC

NOTE: 0 = Option price, UNC = Unchanged, UNQ = Unquoted

NC = Not comparable, DP = Delayed price, N/A = Not available,

F = January, H = March, K = May, N = JulyQ = August, U = September, X = November, Z = December

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LINKS: 0#USCSHGRN-PM

For U.S. forward basis spreadsheets, please click:

CORN/BASIS, SOYA/BASIS, WHEAT/BASIS, MILO/BASIS

- CBOT corn report COR/

- CBOT soybean report SOY/C

- CBOT wheat report WHE/C

- U.S. grain barge freight values BG/US

- U.S. Midwest cash grain PM GRA/PM

- U.S. CIF/FOB Gulf Grain GRA/F

(Reporting by Heather Schlitz; Editing by Tasim Zahid)

((Heather.Schlitz@thomsonreuters.com;))

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US Cash Grains-Corn bids down, soy mixed as futures falter

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