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U.S. Cash Grains-soybean bids firm at processors ease at rivers

reuters.com · 06/10/2022 10:56
U.S. Cash Grains-soybean bids firm at processors ease at rivers

- Spot basis bids for soybeans firmed on Friday at processing plants across the U.S. Midwest as soymeal operators look to attract dwindling domestic supplies, while bean basis eased at river terminals, grain dealers said.

* Soybean basis firmed at processors in Decatur, Indiana and Morristown, Indiana, while easing at a Cincinnati, Ohio elevator, as well as river terminals in Seneca, Illinois and Davenport, Iowa.

* Corn bids were mixed-to-firmer at ethanol plants - strengthening in Union City, Indiana and Council Bluffs, Iowa, while easing in Annawan, Illinois.

* Corn basis also firmed at a Cincinnati, Ohio elevator.

* Grain buyers at rail loading stations continue to be delayed by backups in the U.S. rail system, one Kansas City grain dealer noted.

* Dealers continued to roll their soybean bids to the Chicago Board of Trade August futures contract SQ2 from the July contract SN2.


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

ELEVATORS










CORN




SOYBEANS


CINCINNATI OH

+25

+

N

UP 2


+41

+

N

DN 11

BURNS HARBOR IN

-10

+

N

UNC


+85

+

Q

UNC

DECATUR IN

UNQ









DES MOINES IA




UNQ



UNC

LINCOLN NE

+25

+

N

UNC
















PROCESSORS











CORN





SOYBEANS


DECATUR IL

+65

+

N

UNC


+70

+

N

UNC

DECATUR IN






+125

+

Q

UP 10

MORRISTOWN IN





+135

+

Q

UP 10

LAFAYETTE IN






+135

+

Q

UNC

CEDAR RAPIDS IA

+27

+

N

UNC


+25

+

Q

UNC

COUNCIL BLUFFS IA






+50

+

Q

UNC

LINCOLN NE






+35

+

Q

NC

BLAIR NE

+40

+

N

UNC
















RIVER TERMINALS











CORN





SOYBEANS


TOLEDO OH

-15

+

N

UNC


+88

+

Q

UNC

SENECA IL

+22

+

N

UNC

+28

+

N

DN 20

SAVANNA IL

+1

+

N

UNC


+9

+

N

UNC

DAVENPORT IA

+15

+

N

UNC


+18

+

N

DN 20











ETHANOL PLANTS










LINDEN IN

+40

+

N

UNC






UNION CITY IN

+65

+

U

UP 10






ANNAWAN IL

+35

+

N

DN 5






COUNCIL BLUFFS IA

+42

+

N

UP 7
















SRW WHEAT










TOLEDO OH

-20

+

N

UNC






CINCINNATI OH

-38

+

N

UNC






DECATUR IN

-40

+

N

UNC






BURNS HARBOR IN

-65

+

N

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-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 AM GRA/M

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


(Reporting by Christopher Walljasper)

((Christopher.Walljasper@thomsonreuters.com; 1 630 269 3072; Reuters Messaging: christopher.walljasper.thomsonreuters.com@reuters.net))