CHICAGO, March 11 (Reuters) - Spot basis bids for corn rose at processors and ethanol plants in the U.S. Midwest on Tuesday as crop buyers sought to entice farmers to make more sales, brokers said.
* Soybean basis bids were flat to higher.
* The U.S. Department of Agriculture kept its estimates unchanged for 2024-25 U.S. corn ending stocks in a monthly report amid uncertainty over the impact of U.S. tariff disputes with major buyers Mexico, Canada and China. Analysts had expected stocks to decline.
* USDA made no changes to its forecasts for how much U.S. corn will be exported or used to make ethanol, compared to February.
* Chicago Board of Trade May corn futures CK25 were up 1-1/2 cents at $4.73-1/2 per bushel by 12:30 p.m. CDT (1730 GMT) as the market recovered from losses last week. CBOT May soybeans SK25 were up 1 cent at $10.15 a bushel.
Basis values are quoted against CBOT futures in cts/bu:
ELEVATORS | |||||||||
CORN | SOYBEANS | ||||||||
CINCINNATI OH | -7 | + | K | UP 1 | -3 | + | K | UNC | |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | |||||
DECATUR IN | UNQ | UNC | |||||||
DES MOINES IA | UNQ | UNC | |||||||
LINCOLN NE | -40 | + | K | UNC | |||||
PROCESSORS | |||||||||
CORN | SOYBEANS | ||||||||
DECATUR IL | -8 | + | K | UNC | -7 | + | K | UP 3 | |
DECATUR IN | +5 | + | K | UNC | |||||
MORRISTOWN IN | +0 | + | K | UNC | |||||
LAFAYETTE IN | -7 | + | K | UNC | |||||
CEDAR RAPIDS IA | -15 | + | K | UP 5 | -25 | + | K | UNC | |
COUNCIL BLUFFS IA | -30 | + | K | UNC | |||||
LINCOLN NE | -35 | + | K | UNC | |||||
BLAIR NE | -21 | + | K | UP 2 | |||||
RIVER TERMINALS | |||||||||
CORN | SOYBEANS | ||||||||
TOLEDO OH | -10 | + | K | UNC | -25 | + | K | UNC | |
SENECA IL | -20 | + | K | UNC | -15 | + | K | UNC | |
SAVANNA IL | -36 | + | K | UNC | -48 | + | K | UNC | |
DAVENPORT IA | -25 | + | K | UNC | -25 | + | K | UNC | |
ETHANOL PLANTS | |||||||||
LINDEN IN | -16 | + | K | UNC | |||||
UNION CITY IN | +3 | + | K | UP 1 | |||||
ANNAWAN IL | -12 | + | K | DN 2 | |||||
COUNCIL BLUFFS IA | -22 | + | K | UNC | |||||
SRW WHEAT | |||||||||
TOLEDO OH | -25 | + | N | UNC | |||||
CINCINNATI OH | UNQ | N | UNC | ||||||
DECATUR IN | -45 | + | K | 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
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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 Tom Polansek in Chicago; Editing by Andrea Ricci)
((Thomas.Polansek@thomsonreuters.com))
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