U.S. Cash Grains-Soybean basis steady to firmer at processors, elevators
02/03/2023 17:50
CHICAGO, March 2 (Reuters) - Spot basis bids for
soybeans remained mostly steady at U.S. Midwest elevators and
processors on Thursday, grain dealers said.
* The spot soy basis jumped by 5 cents a bushel at a
processing plant in Lafayette, Indiana.
* Soybean futures strengthened, extending their rebound from
the one-month low hit earlier this week on a round of technical
buying, traders said.
* Dealers continued to roll grain and soy basis bids to May
futures contracts from March futures.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS
CORN SOYBEANS
CINCINNATI OH +12 + K NC +28 + K NC
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 +10 + K UNC
LAFAYETTE IN +5 + K UP 5
CEDAR RAPIDS IA +3 + K UNC -50 + K UNC
COUNCIL BLUFFS IA +15 + K UNC
LINCOLN NE +25 + K UNC
BLAIR NE +50 + K NC
RIVER TERMINALS
CORN SOYBEANS
TOLEDO OH -30 + K UNC -15 + K UNC
SENECA IL +6 + K NC +15 + K NC
SAVANNA IL -9 + K NC -29 + K NC
DAVENPORT IA -3 + K NC +0 + K NC
ETHANOL PLANTS
LINDEN IN -5 + K NC
UNION CITY IN -2 + K NC
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 NC
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 Tom Polansek in Chicago)
((Thomas.Polansek@thomsonreuters.com; https://twitter.com/tpolansek))