US Cash Grains-Corn basis steady to firmer at elevators, ethanol plants

Reuters
05 Dec 2024

CHICAGO, Dec 5 (Reuters) - Spot basis bids for U.S. corn were flat to stronger at Midwestern grain elevators, ethanol plants and river terminals on Thursday, spot checks showed.

* Farmer selling of corn and soybeans remains slow ahead of the end of the year, grain dealers said.

* Weekly U.S. corn export sales exceeded analysts' estimates, signaling solid demand.

* The soy basis jumped by 10 cents a bushel at a river terminal in Toledo, Ohio, and was mostly flat elsewhere.

* U.S. soybean futures firmed on Thursday, led by strong gains in soyoil as Canada's smaller-than-anticipated canola harvest outlook stoked worries about tightening global vegetable oil supplies. GRA/

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

+5

+

H

UNC

+18

+

F

DN 1

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

-20

+

H

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

+6

+

H

UNC

+5

+

F

UNC

DECATUR IN

+10

+

F

UNC

MORRISTOWN IN

+10

+

F

UNC

LAFAYETTE IN

+0

+

F

UNC

CEDAR RAPIDS IA

-2

+

H

UNC

-5

+

F

UNC

COUNCIL BLUFFS IA

-10

+

F

UNC

LINCOLN NE

-10

+

F

UNC

BLAIR NE

+0

+

H

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

-24

+

H

UNC

-25

+

F

UP 10

SENECA IL

-4

+

H

UP 1

+5

+

F

UNC

SAVANNA IL

-31

+

H

UNC

-36

+

F

UNC

DAVENPORT IA

-15

+

H

UNC

-8

+

F

UNC

ETHANOL PLANTS

LINDEN IN

-2

+

H

UP 5

UNION CITY IN

+5

+

H

UNC

ANNAWAN IL

-10

+

H

UNC

COUNCIL BLUFFS IA

-10

+

H

UNC

SRW WHEAT

TOLEDO OH

-30

+

H

DN 6

CINCINNATI OH

UNQ

UNC

DECATUR IN

-45

+

N

UP 5

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 = JulyQ = 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 PM GRA/PM

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

(Reporting by Tom Polansek in Chicago; Editing by Tasim Zahid)

((Thomas.Polansek@thomsonreuters.com))

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