CHICAGO, March 2 (Reuters) - Basis bids for corn and soybeans were mixed in the U.S. Midwest on Monday after recent price gains encouraged some farmers to sell crops, traders said
The corn basis fell by 5 cents a bushel for delivery in the first half of March in Decatur, Illinois.
Dealers rolled their basis bids for corn and soybeans to Chicago Board of Trade May contracts from March contracts.
CBOT May corn CK26 reached its highest since January 12 while May soybeans SK26 set a contract high.
Futures prices later pulled back as traders turned their focus away from the Middle East conflict that earlier sparked a wave of short-covering.
Traders said they were worried that China, the world's biggest soybean importer, could back away from buying American supplies of the oilseed after Beijing condemned U.S. and Israeli attacks on Iran.
Domestic and export demand remained solid for U.S. corn, traders said.
Basis values are quoted against CBOT futures in cts/ bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +4 | + | H | UP 1 | +5 | + | 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 | -42 | + | NC | -70 | + | K | NC | ||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | -3 | + | H | DN 5 | +16 | + | H | UP 6 | |
DECATUR IN | +0 | + | K | NC | |||||
MORRISTOWN IN | -5 | + | K | UNC | |||||
LAFAYETTE IN | -12 | + | K | NC | |||||
CEDAR RAPIDS IA | -18 | + | K | NC | -45 | + | K | NC | |
COUNCIL BLUFFS IA | -50 | + | K | UNC | |||||
LINCOLN NE | -55 | + | K | NC | |||||
BLAIR NE | -19 | + | K | NC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | +10 | + | K | NC | -5 | + | K | NC | |
SENECA IL | -15 | + | K | NC | -21 | + | K | NC | |
SAVANNA IL | -31 | + | K | UP 5 | -56 | + | K | UP 5 | |
DAVENPORT IA | -28 | + | K | NC | -30 | + | K | NC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -8 | + | H | DN 8 | |||||
UNION CITY IN | +14 | + | K | UNC | |||||
ANNAWAN IL | -8 | + | K | UP 4 | |||||
COUNCIL BLUFFS IA | -22 | + | K | UP 4 | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -5 | + | H | UNC | |||||
CINCINNATI OH | UNQ | UNC | |||||||
DECATUR IN | -20 | + | K | NC | |||||
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 Tom PolansekEditing by David Goodman)
((Thomas.Polansek@thomsonreuters.com))
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