Corn bids mixed as futures bounce back

Spot basis bids for corn were mixed in a spot check of elevators, processors, river and rail terminals in the U.S. Midwest on Wednesday as futures recovered after hitting new contract lows.

• The corn basis rose at a processor in Decatur, Illinois, a river terminal in Davenport, Iowa and a rail terminal in Columbus, Ohio.

• The corn basis fell at an elevator in Council Bluffs, Iowa and a river terminal in Morris, Illinois.

• The soybean basis improved at the Morris river terminal and a processor in Lafayette, Indiana.

• Corn futures rebounded after favorable crop conditions pushed the commodity to life of contract lows earlier in the session.

• CBOT December corn (CZ25) finished up 1-1/4 cents at $4.15-1/2 a bushel.

• CBOT November soybeans (SX25) ended 10-1/4 cents lower at $10.07-1/4 a bushel.

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

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