Dec 24 (Reuters) - Cash basis bids for corn and soybeans
were largely unchanged across the U.S. Midwest on Tuesday in
slow trading ahead of Wednesday's Christmas holiday, dealers
said.
* Corn bids gained 3 cents per bushel at a closely watched
processor and ethanol plant in Blair, Nebraska, following higher
bids earlier this week at other major corn crushing facilities
amid strong profit margins and slow farmer sales.
* But bids were flat elsewhere with some elevators already
closed down in observance of the holiday.
* Soybean futures gained by as much 5 cents while corn
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* But the higher futures failed to entice much farmer
selling as growers deferred sales until the new tax year and
held out for potentially higher prices in 2014.
* Private exporters reported the sale of 185,000 tonnes of
U.S. soybeans to unknown destinations, including 65,000 tonnes
for delivery in the 2013/14 marketing year and 120,000 tonnes
for delivery in the 2014/15 marketing year, the U.S. Agriculture
Department said.
Basis values are quoted against CBOT futures in cts/bu:
Current Previous
Bid Bid
Chicago, Illinois
Corn processors -3 + H -3 + H UNC
Corn elevators -5 + H -5 + H UNC
Soybean elevators +5 + F +5 + F UNC
Wheat elevators -5 + H -5 + H UNC
Wheat processors +0 + H +0 + H UNC
Decatur IL corn +2 + H +2 + H UNC
Decatur IL soybeans +10 + F +10 + F UNC
Burns Harbor IN corn -20 + H -20 + H UNC
Burns Harbor IN soy -20 + F -20 + F UNC
Lafayette IN soy +5 + F +5 + F UNC
Toledo OH (port)
Corn -14 + H -14 + H UNC
Soy +0 + F +0 + F UNC
SRW wheat -10 + H -10 + H UNC
Davenport IA (river)
Corn -4 + H -4 + H UNC
Soy -8 + H -8 + H UNC
Evansville IN (rail)
15-car CSX corn +9 + H +9 + H UNC
Cincinnati OH (rail)
3-car corn -2 + H -2 + H UNC
Hereford TX corn +97 + H +97 + H UNC
Columbus OH (rail)
3-car corn -2 + H -2 + H UNC
Morris IL (river)
Corn -18 + H -18 + H UNC
Soybeans +7 + F +7 + F UNC
Fort Worth TX corn +100 + H +100 + H UNC
Blair NE corn +5 + H +2 + H UP 3
Council Bluffs, IA (elevator)
Corn -10 + H -10 + H UNC
Soy -35 + F -35 + F UNC
Des Moines IA soy UNQ UNQ UNC
Sioux City IA soy -35 + F -35 + F UNC
NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted,
NC = Not comparable, DP = Delayed Price, F = January,
H = March
----------------------------------------------------------------
LINKS:
For U.S. forward basis spreadsheets, please double-click on:
- CBOT corn report
- CBOT soybean report
- CBOT wheat report
- U.S. grain barge freight values
- U.S. Midwest cash grain PM
- U.S. CIF Gulf Grain
- U.S. FOB Gulf Grain
(Reporting by Michael Hirtzer in Chicago; editing by Jim
Marshall)
U.S. Cash Grains-Corn, soy bids flat in slow pre-holiday trading
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