Basis values are quoted against CBOT futures in cents/bu:
Location
Commodity
Current bid
Previous bid
Change
Chicago, Illinois
Corn processors
+20
+20
UNC
Chicago, Illinois
Corn elevators
+20
+20
UNC
Chicago, Illinois
Soybean elevators
-15
-15
UNC
Chicago, Illinois
Wheat elevators
-20
-20
UNC
Chicago, Illinois
Wheat processors
-18
-18
UNC
Decatur IL
Corn
+13
+14
DN 1
Decatur IL
Soybeans
+35
+45
NC
Burns Harbor IN
Corn
UNQ
UNQ
UNC
Burns Harbor IN
Soy
UNQ
UNQ
UNC
Lafayette IN
Soy
+30
+15
NC
Toledo OH (port)
Corn
+15
+15
UNC
Toledo OH (port)
Soy
+0
+10
NC
Toledo OH (port)
SRW wheat
-10
-15
UP 5
Davenport IA (river)
Corn
-32
-22
DN 10
Davenport IA (river)
Soy
-38
-20
DN 18
Evansville IN (rail)
15-car CSX corn
+33
+33
UNC
Cincinnati OH (rail)
3-car corn
UNQ
UNQ
UNC
Hereford TX
Corn
+110
+110
UNC
Columbus OH (rail)
3-car corn
+40
+40
UNC
Morris IL (river)
Corn
-17
-5
DN 12
Morris IL (river)
Soybeans
-8
+10
NC
Fort Worth TX
Corn
+120
+120
UNC
Blair NE
Corn
-8
-17
UP 9
Council Bluffs, IA (elevator)
Corn
-12
-12
UNC
Council Bluffs, IA (elevator)
Soy
-15
-20
NC
Des Moines IA
Soy
+5
+0
NC
Sioux City IA
Soy
+20
+20
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.
Trading slows as basis bids are mixed
CHICAGO, Aug. 4 (Reuters) - Spot basis bids for corn and soybeans were mixed in the U.S. Midwest on Tuesday as dealers rolled basis bids to the next futures month and selling remained slow.
Selling has been slow as low prices have given growers little incentive to sell.
More soybean elevators and processors rolled their spot basis bids to the Chicago Board of Trade November contract SX26 from the August contract SQ26.
After Monday's close, the U.S. Department of Agriculture lowered its condition rating for the nation's corn for a third straight week, while soybean ratings held steady following a larger-than-anticipated drop a week earlier.
Chicago Board of Trade grain and soybean futures fell sharply on Tuesday, following oil markets lower, after comments by Qatari and U.S. officials raised hopes for a diplomatic resolution to the Iran war that could improve oil flows through the Strait of Hormuz, traders said.
CBOT's most-active corn futures contract Cv1 settled 7 cents lower at $4.65-1/2 a bushel, while soybeans Sv1 fell 14-1/2 cents to $11.77-3/4 per bushel.
DBA•
