US Cash Grains-Basis bids mostly steady to firm at corn, soy processors

Reuters
19 Feb
US Cash Grains-Basis bids mostly steady to firm at corn, soy processors

CHICAGO, Feb 18 (Reuters) - Spot basis bids for corn and soybeans delivered to processing facilities around the U.S. Midwest were steady to higher on Tuesday, while bids were mostly unchanged at interior and river elevators and mixed at corn ethanol plants, dealers said.

* Frigid weather and icy road conditions across the central United States limited the pace of grain deliveries on Tuesday morning. Temperatures are expected to remain below normal through at least the end of this week, according to forecasters.

* Rising Chicago Board of Trade corn futures prices sparked some light farmer sales on Tuesday, although many growers continued to hold supplies in hopes of even higher prices.

* CBOT March corn futures were up 6-1/4 cents at $5.02-1/2 a bushel near midday. The contract pushed above the key $5 mark at Tuesday's opening bell, a milestone not reached by the most-active contract Cv1 since October 2023.

* CBOT March soybeans SH25 were up 3-1/2 cents at $10.39-1/2 a bushel.

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

-1

+

H

UNC

-8

+

H

UNC

BURNS HARBOR IN

UNQ

UNC

UNQ

UNC

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

-35

+

H

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

-2

+

H

UNC

-15

+

H

UNC

DECATUR IN

+3

+

H

UNC

MORRISTOWN IN

-5

+

H

UNC

LAFAYETTE IN

-7

+

H

UP 5

CEDAR RAPIDS IA

+0

+

H

UP 4

-25

+

H

UNC

COUNCIL BLUFFS IA

-40

+

H

UNC

LINCOLN NE

-40

+

H

UNC

BLAIR NE

-5

+

H

UP 5

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

-10

+

H

UNC

-15

+

H

UNC

SENECA IL

-11

+

H

UNC

-20

+

H

UNC

SAVANNA IL

-36

+

H

UNC

-41

+

H

UNC

DAVENPORT IA

-12

+

H

UNC

-18

+

H

UNC

ETHANOL PLANTS

LINDEN IN

-5

+

H

UP 7

UNION CITY IN

+6

+

H

UNC

ANNAWAN IL

-10

+

H

DN 5

COUNCIL BLUFFS IA

-17

+

H

UP 5

SRW WHEAT

TOLEDO OH

-30

+

H

UNC

CINCINNATI OH

UNQ

UNC

DECATUR IN

-45

H

NC

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 Karl Plume; Editing by Richard Chang)

((karl.plume@thomsonreuters.com; +1 313 484 5285))

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.

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