CHICAGO, Dec 30 (Reuters) – Spot foundation bids for corn and soybeans had been principally regular to softer within the U.S. Midwest on Friday in subdued commerce forward of a three-day weekend, with freight shortages slowing grain motion in some northern states, merchandisers stated.
* Union Pacific Corp stated it embargoed rail visitors on its strains in Iowa, Minnesota and Wisconsin beginning Dec. 29 as a result of latest extreme climate and forecasts for snow and ice over the subsequent week. Together with Union Pacific, CSX Corp warned of delays earlier this week.
* The rail corn foundation fell 3 cents Friday on the Evansville, Indiana, terminal and 5 cents at an elevator in Council Bluffs, Iowa. However the foundation firmed 10 cents at Toledo, Ohio.
* The soybean foundation fell 15 cents at a Des Moines, Iowa, processing plant. Just a few places have rolled their soybean foundation to submit in opposition to the CBOT March futures contract SH3 because the January contract SF3 nears its Jan. 13 expiration.
* U.S. markets and authorities workplaces will probably be closed on Monday, Jan. 2, in observance of the New 12 months’s Day vacation, with commerce resuming on Tuesday, Jan. 3.
Foundation values are quoted in opposition to CBOT futures in cts/bu:
Present
Earlier
ELEVATORS
Bid
Bid
Chicago, Illinois
Corn processors
+15
+
H
+15
+
H
UNC
Corn elevators
UNQ
UNQ
UNC
Soybean elevators
-10
+
F
-10
+
F
UNC
Wheat elevators
-10
+
H
-10
+
H
UNC
Wheat processors
+0
+
H
+0
+
H
UNC
Decatur IL corn
+25
+
H
+25
+
H
UNC
Decatur IL soybeans
+10
+
H
+10
+
H
UNC
Burns Harbor IN corn
-65
+
H
-65
+
H
UNC
Burns Harbor IN soy
-65
+
F
-65
+
F
UNC
Lafayette IN soy
+0
+
F
+0
+
F
UNC
Toledo OH (port)
Corn
-20
+
H
-30
+
H
UP 10
Soy
-20
+
H
-20
+
H
UNC
SRW wheat
-25
+
H
-20
+
H
DN 5
Davenport IA (river)
Corn
+0
+
Okay
+0
+
Okay
UNC
Soy
-8
+
Okay
-8
+
Okay
UNC
Evansville IN (rail)
15-car CSX corn
+15
+
H
+18
+
H
DN 3
Cincinnati OH (rail)
3-car corn
UNQ
UNQ
UNC
Hereford TX corn
+170
+
H
+170
+
H
UNC
Columbus OH (rail)
3-car corn
+15
+
H
+15
+
H
UNC
Morris IL (river)
Corn
-15
+
H
-15
+
H
UNC
Soybeans
+0
+
F
+0
+
F
UNC
Fort Value TX corn
+170
+
H
+170
+
H
UNC
Blair NE corn
+45
+
H
+45
+
H
UNC
Council Bluffs, IA (elevator)
Corn
+45
+
H
+50
+
H
DN 5
Soy
+13
+
F
+13
+
F
UNC
Des Moines IA soy
-10
+
F
+5
+
F
DN 15
Sioux Metropolis IA soy
+10
+
F
+10
+
F
UNC
NOTE: 0 = choice worth, UNC = Unchanged, UNQ = Unquoted,
NC =Not comparable, DP = Delayed Value, N/A = Not out there,
F = January, H = March, Okay = Might, N = July, Q = August, U = September, X = November, Z = December
————————————————————-
LINKS: 0#USCSHGRN-AM
For U.S. ahead foundation spreadsheets, please click on on:
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 money grain AM GRA/M
– U.S. CIF/FOB Gulf Grain GRA/F
(Reporting by Julie Ingwersen; Enhancing by Richard Chang)
(([email protected]; 1-313-484-5283; Reuters Messaging: [email protected]))
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
