US Cash Grains-Midwest soybean basis steady to higher at processors

Reuters03-26

US Cash Grains-<a href="https://laohu8.com/S/MDWT">Midwest</a> soybean basis steady to higher at processors

CHICAGO, March 25 (Reuters) - Basis bids for soybeans were steady to higher at processors in a spot check of locations in the U.S. Midwest on Wednesday. Corn basis bids were flat to weaker at processors and steady to higher at river terminals.

Soybean basis bids rose 5 cents at a processor in Cedar Rapids, Iowa.
The corn basis fell 2 cents at an elevator in Blair, Nebraska. It rose 1 cent at a river terminal in Seneca, Illinois.
Analysts said farmers were selling and crush margins were higher for soybeans, which often makes processors more eager to buy.
Chicago soybeans ticked higher on bargain buying on Wednesday, and corn gained strength on bullish fundamentals despite weakness in crude oil futures, according to analysts. GRA/

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

ELEVATORS
	CORN				SOYBEANS
CINCINNATI OH	-5	+	K	UNC	-15	+	K	UNC
BURNS HARBOR IN	UNQ			UNC	UNQ			UNC
DECATUR IN	UNQ			UNC	UNQ			UNC
DES MOINES IA	UNQ			UNC	UNQ			UNC
LINCOLN NE	-40	+	K	UNC	-70	+	K	UNC

PROCESSORS
	CORN				SOYBEANS
DECATUR IL	-8	+	K	UNC	+0	+	K	UNC
DECATUR IN					+0	+	K	UNC
MORRISTOWN IN					+0	+	K	UNC
LAFAYETTE IN					-5	+	K	UNC
CEDAR RAPIDS IA	-20	+	K	UNC	-25	+	K	UP 5
COUNCIL BLUFFS IA					-55	+	K	UNC
LINCOLN NE					-55	+	K	UNC
BLAIR NE	-20	+	K	DN 2

RIVER TERMINALS
	CORN				SOYBEANS
TOLEDO OH	+0	+	K	UNC	-10	+	K	UNC
SENECA IL	-9	+	K	UP 1	-37	+	K	UNC
SAVANNA IL	-31	+	K	UNC	-66	+	K	UNC
DAVENPORT IA	-20	+	K	UNC	-52	+	K	UNC

ETHANOL PLANTS
LINDEN IN	-12	+	K	UNC
UNION CITY IN	+11	+	K	UNC
ANNAWAN IL	-6	+	K	UNC
COUNCIL BLUFFS IA	-28	+	K	UNC

SRW WHEAT
TOLEDO OH	-5	+	H	UNC
CINCINNATI OH	UNQ			UNC
DECATUR IN	-20	+	K	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 = July, Q = August, U = September, X = November, Z = December

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LINKS: 0#USCSHGRN-AM

For U.S. forward basis spreadsheets, please click on:

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 AM GRA/M

- U.S. CIF/FOB Gulf Grain GRA/F

(Reporting by Renee Hickman)

((renee.hickman@thomsonreuters.com))

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US Cash Grains-Midwest soybean basis steady to higher at processors

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