US Cash Grains-Soybean bids steady to lower as futures fall

Reuters02-14

CHICAGO, Feb 13 (Reuters) - Basis bids for soybeans were flat to lower in a spot check of facilities in the U.S. Midwest on Friday as futures ticked down.

The soybean basis was lower at an elevator in Cincinnati, Ohio and a processor in Decatur, Illinois.
The corn basis was lower at a river terminal in Savanna, Illinois and higher at a processor in Decatur, Illinois.
Chicago soybean futures fell after climbing to a two-month high on Thursday, driven by market expectations of increased Chinese demand for U.S. soy, analysts said. GRA/
But the arrival of a bumper Brazilian harvest put pressure on the market.
Most-active soybeans Sv1 were last down 2-3/4 cents to $11.34-1/2 per bushel, and most-active corn Cv1 was last up 3/4 cent to $4.32 per bushel as of midday.

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

ELEVATORS
	CORN				SOYBEANS
CINCINNATI OH	+3	+	H	UNC	+0	+	H	DN 2
BURNS HARBOR IN	UNQ			UNC	UNQ			UNC
DECATUR IN	UNQ		H	UNC	UNQ		H	UNC
DES MOINES IA	UNQ			UNC	UNQ			UNC
LINCOLN NE	-35	+	H	UNC	-55	+	H	UNC

PROCESSORS
	CORN				SOYBEANS
DECATUR IL	+5	+	H	UP 2	+5	+	H	DN 5
DECATUR IN					+5	+	H	UNC
MORRISTOWN IN					+0	+	H	UNC
LAFAYETTE IN					-5	+	H	UNC
CEDAR RAPIDS IA	-14	+	H	UNC	-45	+	H	UNC
COUNCIL BLUFFS IA					-50	+	H	UNC
LINCOLN NE					-45	+	H	UNC
BLAIR NE	-12	+	H	UNC

RIVER TERMINALS
	CORN				SOYBEANS
TOLEDO OH	+10	+	H	UNC	-10	+	H	UNC
SENECA IL	-6	+	H	UNC	-12	+	H	UNC
SAVANNA IL	-26	+	H	DN 5	-46	+	H	UNC
DAVENPORT IA	-13	+	H	UNC	-19	+	H	UNC

ETHANOL PLANTS
LINDEN IN	+0	+	H	UNC
UNION CITY IN	+23	+	H	UNC
ANNAWAN IL	-6	+	H	UNC
COUNCIL BLUFFS IA	-15	+	H	UNC

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

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 Renee Hickman; Editing by Kirsten Donovan)

((renee.hickman@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

US Cash Grains-Soybean bids steady to lower as futures fall

Comments