Soybean basis bids mostly steady to higher as harvest progresses
Soybean basis bids were mostly steady to higher at processors and river terminals in the U.S. Midwest on Friday as grain dealers sought to buy supplies from farmers who are harvesting their fields.
The soybean basis rose at processors in Decatur, Illinois, and Lafayette, Indiana. It also rose at a river terminal in Davenport, Iowa.
A processor in Cedar Rapids, Iowa, raised its corn basis.
Warm and dry weather is helping farmers to advance their harvests throughout the Midwest.
U.S. soybean futures were little changed on Friday as pressure from a fast-advancing U.S. harvest offset support from hopes that upcoming U.S.-China talks could revive stalled soybean trade.
Corn edged lower on the prospect of rising supplies from a likely record-large U.S. crop.
Basis values are quoted against CBOT futures in cents/bu:
CINCINNATI OH | ||||||||
CORN | SOYBEANS | |||||||
CINCINNATI OH | -15 | + | Z | UNC | -37 | + | X | UNC |
BURNS HARBOR IN | UNQ | UNC | UNQ | UNC | ||||
DECATUR IN | UNQ | UNC | ||||||
DES MOINES IA | UNQ | UNC | ||||||
LINCOLN NE | -42 | + | Z | UNC | ||||
PROCESSORS | ||||||||
CORN | SOYBEANS | |||||||
DECATUR IL | +0 | + | Z | UNC | -20 | + | X | UP 5 |
DECATUR IN | -30 | + | X | UNC | ||||
MORRISTOWN IN | -35 | + | X | UNC | ||||
LAFAYETTE IN | -40 | + | X | UP 5 | ||||
CEDAR RAPIDS IA | -21 | + | Z | UP 1 | -50 | + | X | UNC |
COUNCIL BLUFFS IA | -55 | + | X | UNC | ||||
LINCOLN NE | -50 | + | X | DN 10 | ||||
BLAIR NE | -22 | + | Z | UNC | ||||
RIVER TERMINALS | ||||||||
CORN | SOYBEANS | |||||||
TOLEDO OH | -35 | + | Z | UNC | -50 | + | X | UNC |
SENECA IL | -20 | + | Z | UNC | -35 | + | X | UNC |
SAVANNA IL | -41 | + | Z | UNC | -66 | + | X | UNC |
DAVENPORT IA | -30 | + | Z | UNC | -60 | + | X | UP 2 |
ETHANOL PLANTS | ||||||||
LINDEN IN | -25 | + | Z | UNC | ||||
UNION CITY IN | -10 | + | Z | UNC | ||||
ANNAWAN IL | -20 | + | Z | UNC | ||||
COUNCIL BLUFFS IA | -30 | + | Z | UNC | ||||
SRW WHEAT | ||||||||
TOLEDO OH | -35 | + | Z | UNC | ||||
CINCINNATI OH | UNQ | UNC | ||||||
DECATUR IN | -45 | Z | 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 = July, Q = August, U = September, X = November, Z = December
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LINKS: (0#USCSHGRN-AM)
For U.S. forward basis spreadsheets, please click on:
(CORN/BASIS), (SOYA/BASIS), (WHEAT/BASIS), (MILO/BASIS)
- CBOT corn report
- CBOT soybean report
- CBOT wheat report
- U.S. grain barge freight values
- U.S. Midwest cash grain AM
- U.S. CIF/FOB Gulf Grain
