CHICAGO, March 31 (Reuters) - Spot basis bids for corn and soybeans were flat to up at grain elevators, river terminals and processing facilities in the U.S. Midwest on Tuesday, dealers said.
U.S. farmers intend to plant 95.338 million acres of corn this year, down from 98.788 million acres in 2025, and 84.7 million acres of soybeans, up from 81.215 million acres last year, the U.S. Department of Agriculture said in a report.
Analysts expected corn plantings of 94.371 million acres and soybean plantings of 85.549 million acres.
Corn plantings are underway in southern states and the Plains region.
In the Midwest, rains are expected to slow fieldwork over the next week, weather forecaster Vaisala said.
Basis values are quoted against CBOT futures in cts/ bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +8 | + | UP 1 | -8 | + | K | UP 2 | ||
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 | +12 | + | K | UP 12 | |
DECATUR IN | +10 | + | K | UP 5 | |||||
MORRISTOWN IN | +5 | + | K | UNC | |||||
LAFAYETTE IN | -5 | + | K | UNC | |||||
CEDAR RAPIDS IA | -14 | + | K | UP 2 | -25 | + | K | UNC | |
COUNCIL BLUFFS IA | -55 | + | K | UNC | |||||
LINCOLN NE | -55 | + | K | UNC | |||||
BLAIR NE | -22 | + | K | UNC | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | +5 | + | K | UP 5 | -10 | + | K | UNC | |
SENECA IL | -9 | + | K | UP 2 | -37 | + | K | UNC | |
SAVANNA IL | -31 | + | K | UNC | -66 | + | K | UNC | |
DAVENPORT IA | -22 | + | K | UNC | -52 | + | K | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -12 | + | K | UNC | |||||
UNION CITY IN | +15 | + | K | UNC | |||||
ANNAWAN IL | -4 | + | K | UNC | |||||
COUNCIL BLUFFS IA | -25 | + | K | UP 3 | |||||
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 = 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 Tom Polansek; Editing by Nia Williams)
((thomas.polansek@thomsonreuters.com))
Comments