US Cash Grains-Corn, soy basis mostly steady in quiet trade

Reuters01-08

CHICAGO, Jan 7 (Reuters) - Spot basis bids for corn and soybeans were mostly flat in the U.S. Midwest on Wednesday as trade remained quiet, dealers reported.

Market players are waiting for the U.S. Department of Agriculture to issue key data on global supplies and demand on January 12. Among other data, they will examine quarterly U.S. grain and soy stocks as of December 1.
Chinese state stockpiler Sinograin bought 10 U.S. soybean cargoes this week, three traders told Reuters on Tuesday, as the world's top buyer continues purchasing from the U.S. after a trade truce was agreed in late October.
As of midday, CBOT March corn CH26 was last up 3 cents to $4.46-3/4 a bushel, and March soybeans SH26 were up 11 cents to $10.67-1/4 a bushel.

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

ELEVATORS
	CORN				SOYBEANS
CINCINNATI OH	+0	+	H	UNC	+0	+	H	UNC
BURNS HARBOR IN	UNQ			UNC	UNQ			UNC
DECATUR IN	UNQ		H	NC	-10	+	H	NC
DES MOINES IA	UNQ			UNC	UNQ			UNC
LINCOLN NE	-42	+	H	UNC	UNQ			UNC

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

RIVER TERMINALS
	CORN				SOYBEANS
TOLEDO OH	-5	+	H	UNC	-15	+	H	UNC
SENECA IL	-8	+	H	DN 2	-14	+	H	UNC
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	+14	+	H	UNC
ANNAWAN IL	-8	+	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

--------------------------------------------------------

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 Will Dunham)

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

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US Cash Grains-Corn, soy basis mostly steady in quiet trade

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