The US Cash Grains-Soy base is softening in the East; mixed corn
CHICAGO, Jan. 5 (Reuters) – Spot offers for soybeans were generally more flexible Thursday in processors and elevators in the eastern US Midwest.
* Farmers were hesitant to sell old-crop soybeans, an Indiana broker noted, as they watch futures prices for another $15.00 a bushel.
* Bids for soybeans fell at processors in Decatur, Indiana and Morristown, Indiana, as well as at a silo in Cincinnati, Ohio. The soybean base firmed in Davenport, Iowa.
* Corn firmed up in a processor in Blair, Nebraska, and a river terminal in Davenport, Iowa, while relaxing in a silo in Cincinnati, Ohio.
Base values are quoted against CBOT futures contracts in cts/bu:
ELEVATORS
CORN
SOY
CINCINNATI OH
+0
+
H
DN 2
+15
+
F
DN 5
BURNS HARBOR IN
-65
+
H
A C
-65
+
F
A C
DECATUR IN
UNQ
A C
AI DES MOINES
UNQ
A C
LINCOLN NE
+35
+
H
A C
PROCESSORS
CORN
SOY
DECATUR IT
+22
+
H
A C
+10
+
H
A C
DECATUR IN
+2
+
H
DN 3
MORRISTOWN IN
+0
+
H
DN 5
LAFAYETTE IN
-ten
+
H
A C
AI CEDAR RAPIDS
+0
+
H
A C
-35
+
H
A C
AI COUNCIL BLUFFS
+30
+
H
A C
LINCOLN NE
+40
+
H
A C
BLAIR NE
+50
+
H
UP 5
RIVER TERMINALS
CORN
SOY
TOLEDO OH
-25
+
H
A C
-20
+
H
A C
SENECA IT
-15
+
H
A C
+0
+
H
A C
SAVANNAH IT
-21
+
H
A C
-41
+
H
A C
DAVENPORT AI
+0
+
K
UP 5
-5
+
K
UP 5
ETHANOL PLANTS
LINDEN IN
+0
+
H
A C
UNION CITY IN
+10
+
H
A C
ANNAWAN IT
+2
+
H
A C
AI COUNCIL BLUFFS
+45
+
H
A C
SRW WHEAT
TOLEDO OH
-40
+
H
A C
CINCINNATI OH
UNQ
A C
DECATUR IN
-25
+
NOT
A C
BURNS HARBOR IN
UNQ
A C
NOTE: 0 = option price, UN = Unchanged, UN = Not quoted
NC = Not comparable, DPI = Deferred price, N/A = Not available,
F=January, H=March, K=May, N=July Q=August, U=September, X=November, Z=December
————————————————– ——
CONNECTIONS: 0#USCSHGRN-PM
For US futures spreadsheets, please click:
CORN/BASE, SOY/BASE, WHEAT/BASE, MILO/BASE
– CBOT corn report ROPE/
– CBOT Soy Report SOY/C
– CBOT wheat report HEW/C
– US Grain Barge Freight Values BUGS
– American Midwest AM Cash Cereals GRAM/
– US CIF / FOB Gulf Grain JAR/F
(Reporting by Christopher Walljasper in Chicago; Editing by Andrea Ricci)
((Christopher.Walljasper@thomsonreuters.com; 1 630 269 3072; Reuters Messaging: christopher.walljasper.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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