CHICAGO, Oct 21 (Reuters) - Basis bids for corn and
soybeans were mixed in the U.S. Midwest on Monday as the
fast-paced harvest of both crops wound down, merchandisers said.
* The corn basis weakened by 5 cents at a Chicago-area
processing site and by 2 cents at a Council Bluffs, Iowa,
elevator.
* But the corn basis firmed by 5 cents at Decatur, Illinois,
site of another processor.
* For soybeans, the basis dipped by 10 cents at Toledo,
Ohio, but firmed by 5 cents at a Decatur, Illinois, soy crushing
site.
* The U.S. soybean harvest was 81% complete and the corn
harvest was 65% complete by Sunday, the U.S. Department of
Agriculture's weekly crop progress report showed, both well
ahead of their respective five-year averages.
* The unusually fast harvest or record or near-record crops
this autumn has strained farmers' physical capabilities as well
as the capacity of the region's grain storage infrastructure.
* On the Chicago Board of Trade, December corn futures
CZ24 settled up 4-3/4 cents at $4.09-1/2 per bushel and
November soybeans SX24 ended up 11 cents at $9.81 a bushel,
buoyed by a flurry of export deals for U.S. grains and soy.
GRA/
Basis values are quoted against CBOT futures in cents/bu:
Current Previous
ELEVATORS Bid Bid
Chicago, Illinois
Corn processors +0 + Z +5 + Z DN 5
Corn elevators -25 + Z -25 + Z UNC
Soybean elevators -20 + X -20 + X UNC
Wheat elevators -10 + Z -10 + Z UNC
Wheat processors -20 + Z -20 + Z UNC
Decatur IL corn -27 + Z -32 + Z UP 5
Decatur IL soybeans -5 + X -10 + X UP 5
Burns Harbor IN corn UNQ UNQ UNC
Burns Harbor IN soy UNQ UNQ UNC
Lafayette IN soy -25 + X -25 + X UNC
Toledo OH (port)
Corn -35 + Z -35 + Z UNC
Soy -45 + X -35 + X DN 10
SRW wheat -25 + Z -25 + Z UNC
Davenport IA (river)
Corn -34 + Z -34 + Z UNC
Soy -30 + X -30 + X UNC
Evansville IN (rail)
15-car CSX corn UNQ UNQ UNC
Cincinnati OH (rail)
3-car corn UNQ UNQ UNC
Hereford TX corn +135 + Z +135 + Z UNC
Columbus OH (rail)
3-car corn -45 + Z -26 + Z DN 19
Morris IL (river)
Corn -28 + Z -28 + Z UNC
Soybeans -10 + X -10 + X UNC
Fort Worth TX corn +135 + Z +135 + Z UNC
Blair NE corn -15 + Z -15 + Z UNC
Council Bluffs, IA
(elevator)
Corn -25 + Z -23 + Z DN 2
Soy -55 + X -55 + X UNC
Des Moines IA soy -40 + X -40 + X UNC
Sioux City IA soy -20 + X -20 + X 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
---------------------------------------------------------
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 Julie Ingwersen; Editing by Rashmi Aich)
((Julie.ingwersen@thomsonreuters.com; 1-313-484-5283; Reuters
Messaging: julie.ingwersen.thomsonreuters.com@reuters.net)) | 