US Cash Grains-Corn bids mixed at ethanol plants

Reuters02-18

CHICAGO, Feb 17 (Reuters) - Basis bids for corn were steady to mixed at ethanol plants in the U.S. Midwest on Tuesday. Corn and soybean basis bids were mostly flat at other types of processors, elevators and river terminals in a spot check of locations.

The corn basis was lower at an ethanol plant in Union City, Indiana. It was higher at an ethanol plant in Linden, Indiana.
The corn and soy basis fell at a river terminal in Seneca, Illinois.
Most-active soybeans Sv1 settled up 1 cent to $11.33 per bushel, and most-active corn Cv1 ended down 5-1/2 cents to $4.26-1/4 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	UNC
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	UNC	+5	+	H	UNC
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	-8	+	H	DN 2	-14	+	H	DN 2
SAVANNA IL	-26	+	H	UNC	-46	+	H	UNC
DAVENPORT IA	-13	+	H	UNC	-19	+	H	UNC

ETHANOL PLANTS
LINDEN IN	+5	+	H	UP 5
UNION CITY IN	+21	+	H	DN 2
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

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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 Renee Hickman; editing by Diane Craft)

((renee.hickman@thomsonreuters.com))

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US Cash Grains-Corn bids mixed at ethanol plants

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