US Cash Grains-Corn basis steady to lower as futures firm slightly

Reuters
28 Dec 2024
US Cash Grains-Corn basis steady to lower as futures firm slightly

CHICAGO, Dec 27 (Reuters) - Spot basis bids for corn were steady to lower at elevators around the U.S. Midwest on Friday, and steady to higher at river terminals, a spot check showed, as futures traded flat to higher.

* The corn basis fell by 3 cents at an elevator in Cincinnati, Ohio. It fell by 1 cent at another elevator in Blair, Nebraska.

* The corn basis improved by 2 cents at a river terminal in Seneca, Illinois.

* The U.S. Department of Agriculture reported net weekly corn export sales of 1,711,300 metric tons, above trade expectations for 1,000,000-1,600,000 metric tons.

* The agency reported net weekly soybean export sales of 978,400 metric tons, below trade expectations for 1,000,000-1,800,000 metric tons.

* The soybean basis rolled onto the March contract in some locations.

* March corn futures CH25 gained 1/4 cent at $4.54 a bushel at 10:56 a.m. CST (1656 GMT).

* March soybean futures SH25 fell 6-1/4 cents to $9.91 a bushel.

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

-4

+

H

DN 3

+11

+

F

DN 2

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

-25

+

H

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

+2

+

H

UNC

+5

+

F

UNC

DECATUR IN

+8

+

H

NC

MORRISTOWN IN

+0

+

H

NC

LAFAYETTE IN

+5

+

F

UNC

CEDAR RAPIDS IA

-12

+

H

UNC

-15

+

F

UNC

COUNCIL BLUFFS IA

-20

+

H

NC

LINCOLN NE

-25

+

F

UNC

BLAIR NE

-6

+

H

DN 1

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

-20

+

H

UNC

-20

+

H

NC

SENECA IL

-8

+

H

UP 2

+5

+

F

UNC

SAVANNA IL

-26

+

H

UNC

-36

+

F

UNC

DAVENPORT IA

-18

+

H

UNC

-13

+

F

UNC

ETHANOL PLANTS

LINDEN IN

-10

+

H

UNC

UNION CITY IN

+5

+

H

UNC

ANNAWAN IL

-8

+

H

UNC

COUNCIL BLUFFS IA

-12

+

H

UNC

SRW WHEAT

TOLEDO OH

-30

+

H

UNC

CINCINNATI OH

UNQ

UNC

DECATUR IN

-45

+

N

UNC

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 Renee Hickman; Editing by Chris Reese)

((renee.hickman@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10