US Cash Grains-Corn basis steady-down, soy basis flat

Reuters01-06

CHICAGO, Jan 5 (Reuters) - Spot basis bids for corn were steady to lower, while the soy basis was mostly flat in the U.S. Midwest on Monday, in slow trade at the beginning of the week.

More locations have rolled their soybean basis bids to the Chicago Board of Trade March SH26 contract as the January contract SF26 approaches its January 14 expiration.
CBOT corn and soybean futures ticked higher on Monday on positioning during the first full trading week in the new year.
An uptick in CBOT prices may encourage farmer selling of old crop soy and corn.
As of midday, CBOT March corn CH26 was up 4-3/4 cents at $4.42-1/2 a bushel, and March soybeans SH26 were up 13 cents at $10.58-3/4 a bushel.

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

ELEVATORS
	CORN				SOYBEANS
CINCINNATI OH	+0	+	H	DN 3	+15	+	F	UNC
BURNS HARBOR IN	UNQ			UNC	UNQ			UNC
DECATUR IN	UNQ			UNC	UNQ			UNC
DES MOINES IA	UNQ			UNC	UNQ			UNC
LINCOLN NE	-42	+	H	UNC	UNQ			UNC

PROCESSORS
	CORN				SOYBEANS
DECATUR IL	+7	+	H	DN 3	+5	+	H	NC
DECATUR IN					-10	+	H	UNC
MORRISTOWN IN					-10	+	H	UNC
LAFAYETTE IN					-10	+	H	NC
CEDAR RAPIDS IA	-15	+	H	UNC	-30	+	H	UNC
COUNCIL BLUFFS IA					-45	+	H	UNC
LINCOLN NE					-45	+	H	NC
BLAIR NE	-10	+	H	DN 3

RIVER TERMINALS
	CORN				SOYBEANS
TOLEDO OH	-5	+	H	UNC	-15	+	H	UNC
SENECA IL	-8	+	H	UNC	-17	+	H	UP 2
SAVANNA IL	-26	+	H	UNC	-51	+	H	UNC
DAVENPORT IA	-10	+	H	UNC	-18	+	H	UNC

ETHANOL PLANTS
LINDEN IN	-7	+	H	UNC
UNION CITY IN	+16	+	H	UNC
ANNAWAN IL	-4	+	H	UNC
COUNCIL BLUFFS IA	-13	+	H	UNC

SRW WHEAT
TOLEDO OH	-10	+	H	UNC
CINCINNATI OH	UNQ			UNC
DECATUR IN	-30	+	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)

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

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US Cash Grains-Corn basis steady-down, soy basis flat

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