U.S. Cash Grains-Soy bids unchanged at processors, river terminals; sales slow
06/03/2023 15:47
CHICAGO, March 6 (Reuters) - Spot basis bids for
soybeans were flat at processors and river terminals around the
U.S. Midwest on Monday morning, dealers said.
* The soy basis was steady to weak at the region's interior
elevators, falling by 2 cents a bushel in Cincinnati, Ohio.
* Farmer sales of soybeans were slow despite a surprise
rally in the futures market that pulled cash prices higher, an
Iowa dealer said.
* Growers were focused on preparing their equipment and
finalizing plans for spring planting, the dealer added.
* Cash bids for corn were steady to weak at processors,
steady to firm along rivers and flat at interior elevators and
ethanol plants.
* Farmers also were waiting to see the impact of the release
of the U.S. Agriculture Department's monthly supply and demand
report on Wednesday. The report is expected to show tighter
global corn and soy stocks and lower production outlooks for
Brazil and Argentina.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS
CORN SOYBEANS
CINCINNATI OH +15 + K UNC +28 + K DN 2
BURNS HARBOR IN UNQ UNC UNQ UNC
DECATUR IN UNQ UNC
DES MOINES IA UNQ UNC
LINCOLN NE +25 + K UNC
PROCESSORS
CORN SOYBEANS
DECATUR IL +28 + K UNC +30 + K UNC
DECATUR IN -2 + K UNC
MORRISTOWN IN +5 + K UNC
LAFAYETTE IN +5 + K UNC
CEDAR RAPIDS IA -5 + K DN 8 -50 + K UNC
COUNCIL BLUFFS IA +15 + K UNC
LINCOLN NE +25 + K UNC
BLAIR NE +50 + K UNC
RIVER TERMINALS
CORN SOYBEANS
TOLEDO OH -30 + K UNC -15 + K UNC
SENECA IL +10 + K UP 3 +15 + K UNC
SAVANNA IL -9 + K UNC -29 + K UNC
DAVENPORT IA -2 + K UNC +3 + K UNC
ETHANOL PLANTS
LINDEN IN -5 + K UNC
UNION CITY IN -6 + K UNC
ANNAWAN IL +5 + K UNC
COUNCIL BLUFFS IA +34 + K UNC
SRW WHEAT
TOLEDO OH -30 + K UNC
CINCINNATI OH UNQ UNC
DECATUR IN -35 + K UNC
BURNS HARBOR IN UNQ UNC
NOTE: 0 = option price, UN = Unchanged, UN = Unquoted
NC = Not comparable, DPI = 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-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 Mark Weinraub)
((mark.weinraub@thomsonreuters.com; +1 313 484 5282; Reuters
Messaging: mark.weinraub.thomsonreuters.com@reuters.net))