CHICAGO, Jan 10 (Reuters) - Spot basis bids for corn and soy were flat with few changes on Friday as market players awaited a set of U.S. Department of Agriculture reports that will be released at 1700 GMT (11:00 a.m. CST).
* The soy basis fell at a Blair, Nebraska, processor.
* The corn basis rose at a Seneca, Illinois, river terminal.
* The wheat basis fell at a Decatur, Indiana, processor.
* The USDA will release data on world supply/demand, grain ending stocks and wheat seeding.
* Chicago soybean and corn prices edged up on Friday as traders adjusted positions ahead of the USDA's crop reports, while weather concerns in South America continued to underpin the markets.
* The USDA on Friday reported export sales of U.S. corn for the week ended Jan. 2 at 445,000 tons, below trade estimates of 700,000 to 1,400,000 tons.
* The USDA reported export sales of U.S. soybeans for the week ended Jan. 2 at 288,700 tons, below trade estimates ranging from 400,000 to 1,300,000 tons.
* CBOT most-active corn Cv1 was last down 1-3/4 cents to $4.56-1/4 per bushel and most-active soybeans Sv1 were last down 3/4 cents at $9.96-1/2 a bushel.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | +0 | + | H | UNC | +13 | + | H | UNC | |
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 | +0 | + | H | UNC | |
DECATUR IN | +3 | + | H | UNC | |||||
MORRISTOWN IN | -5 | + | H | UNC | |||||
LAFAYETTE IN | -5 | + | H | UNC | |||||
CEDAR RAPIDS IA | -17 | + | H | UNC | -20 | + | H | UNC | |
COUNCIL BLUFFS IA | -30 | + | H | UNC | |||||
LINCOLN NE | -35 | + | H | UNC | |||||
BLAIR NE | -9 | + | H | DN 1 | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -20 | + | H | UNC | -20 | + | H | UNC | |
SENECA IL | -13 | + | H | UNC | -3 | + | H | UP 2 | |
SAVANNA IL | -26 | + | H | UNC | -39 | + | F | UNC | |
DAVENPORT IA | -25 | + | H | UNC | -23 | + | H | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -12 | + | H | UNC | |||||
UNION CITY IN | +3 | + | H | UNC | |||||
ANNAWAN IL | -15 | + | H | UNC | |||||
COUNCIL BLUFFS IA | -12 | + | H | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -25 | + | H | UNC | |||||
CINCINNATI OH | UNQ | UNC | |||||||
DECATUR IN | -55 | + | H | DN 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 = JulyQ = August, U = September, X = November, Z = December
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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 Heather Schlitz. Editing by Jane Merriman)
((Heather.Schlitz@thomsonreuters.com;))
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