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U.S. Cash Grains-Corn, soybean basis eases as harvest, rail stoppage loom

U.S. Cash Grains-Corn, soybean basis eases as harvest, rail stoppage loom

Reuters · 09/13/2022 11:24
U.S. Cash Grains-Corn, soybean basis eases as harvest, rail stoppage loom

- Spot basis bids for corn and soybeans fell across the U.S. Midwest on Tuesday, after futures climbed the day prior and on the coming harvest that should ease supply tightness across the region, grain dealers said.

* Dealers are monitoring possible rail shutdowns later in the week that could disrupt shipments to export terminals in the Pacific Northwest and the U.S. Gulf, as well as for domestic processors, one Indiana grain dealer said.

* Corn bids fell in Lincoln, Nebraska, and Davenport, Iowa, as well as ethanol plants in Linden, Indiana, and Union City, Indiana.

* Soybean basis fell at an elevator in Cincinnati, Ohio, and a Toledo, Ohio, river terminal.

* Corn basis firmed in Cedar Rapids, Iowa.

* Bids for wheat were mostly steady, though one Decatur, Indiana, location firmed its basis.


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

ELEVATORS










CORN




SOYBEANS


CINCINNATI OH

+0

+

Z

UNC


+52

+

X

DN 3

BURNS HARBOR IN

-30

+

Z

UNC


-20

+

X

UNC

DECATUR IN

UNQ



UNC






DES MOINES IA




UNQ



UNC

LINCOLN NE

+55

+

Z

DN 15
















PROCESSORS











CORN





SOYBEANS


DECATUR IL

+75

+

Z

UNC


+230

+

X

UNC

DECATUR IN






+20

+

X

UNC

MORRISTOWN IN





+150

+

X

UNC

LAFAYETTE IN






+180

+

X

UNC

CEDAR RAPIDS IA

+110

+

Z

UP 20


+135

+

X

UNC

COUNCIL BLUFFS IA






+45

+

X

UNC

LINCOLN NE






+30

+

X

UNC

BLAIR NE

+60

+

Z

UNC
















RIVER TERMINALS











CORN





SOYBEANS


TOLEDO OH

+0

+

Z

UNC


+0

+

X

DN 30

SENECA IL

+6

+

U

UNC

+45

+

X

UNC

SAVANNA IL

+34

+

Z

UNC


-41

+

X

UNC

DAVENPORT IA

-15

+

U

DN 15


+35

+

X

UNC











ETHANOL PLANTS










LINDEN IN

+75

+

Z

DN 5






UNION CITY IN

+30

+

Z

DN 5






ANNAWAN IL

+50

+

Z

UNC






COUNCIL BLUFFS IA

+60

+

Z

UNC
















SRW WHEAT










TOLEDO OH

-33

+

Z

UNC






CINCINNATI OH

UNQ



UNC






DECATUR IN

-30

+

H

UP 10






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 = 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; editing by Jonathan Oatis)

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