US Cash Grains-Soy basis bids slip at some Midwest processors

Reuters03-06

US Cash Grains-Soy basis bids slip at some <a href="https://laohu8.com/S/MDWT">Midwest</a> processors

CHICAGO, March 5 (Reuters) - Basis bids were lower for soybeans at some processing facilities in the U.S. Midwest on Thursday following recent sales by farmers, dealers said.

Bids were largely steady to higher for corn at grain elevators and processors.
Soy basis bids eased at processors in Decatur, Illinois, and Council Bluffs, Iowa, and were mixed at river terminals.
At a river terminal in Seneca, Illinois, soy and corn basis bids edged up for delivery by March 15.
Farmer sales have picked up as futures prices have improved, dealers said.
Chicago Board of Trade May corn CK26 futures reached their highest level since January 12. May soybeans SK26 were near a contract high reached on Monday.

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

ELEVATORS
	CORN				SOYBEANS
CINCINNATI OH	-8	+	K	NC	-9	+	K	NC
BURNS HARBOR IN	UNQ			UNC	UNQ			UNC
DECATUR IN	UNQ		H	UNC	UNQ		H	UNC
DES MOINES IA	UNQ			UNC	UNQ			UNC
LINCOLN NE	-40	+	K	UP 2	-70	+	K	UNC

PROCESSORS
	CORN				SOYBEANS
DECATUR IL	-3	+	K	UNC	-2	+	K	DN 2
DECATUR IN					+0	+	K	UNC
MORRISTOWN IN					-5	+	K	UNC
LAFAYETTE IN					-12	+	K	UNC
CEDAR RAPIDS IA	-19	+	K	UNC	-45	+	K	UNC
COUNCIL BLUFFS IA					-55	+	K	DN 5
LINCOLN NE					-55	+	K	UNC
BLAIR NE	-19	+	K	UNC

RIVER TERMINALS
	CORN				SOYBEANS
TOLEDO OH	+10	+	K	UNC	-5	+	K	UNC
SENECA IL	-12	+	K	UP 1	-20	+	K	UP 1
SAVANNA IL	-31	+	K	UNC	-56	+	K	UNC
DAVENPORT IA	-24	+	K	UNC	-30	+	K	DN 5

ETHANOL PLANTS
LINDEN IN	-8	+	K	UNC
UNION CITY IN	+18	+	K	UNC
ANNAWAN IL	-8	+	K	UNC
COUNCIL BLUFFS IA	-26	+	K	DN 2

SRW WHEAT
TOLEDO OH	-5	+	H	UNC
CINCINNATI OH	UNQ			UNC
DECATUR IN	-20	+	K	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 Tom Polansek; Editing by Cynthia Osterman)

((Thomas.Polansek@thomsonreuters.com))

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US Cash Grains-Soy basis bids slip at some Midwest processors

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