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Dec 26 (Reuters) - Cash basis bids for corn and soybeans
were mostly unchanged across the U.S. Midwest on Thursday in
slow post-holiday trade, dealers said.
* Corn bids gained 2 cents per bushel at a closely watched
processor in Blair, Nebraska, and an elevator in Council Bluffs,
Iowa, but corn bids were flat elsewhere.
* A soybean bid rose by 3 cents per bushel at a closely
followed processor in Decatur, Illinois.
* Most growers remained in holiday mode, uninterested in
booking fresh sales, and kept calls to grain merchandisers to a
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minimum, dealers said.
* Weak grain and soy futures values fueled farmers'
ambivalence towards selling crop supplies, dealers said.
* Soybean futures tumbled on Thursday by as much as 15
cents on improved crop conditions in South America. Corn futures
fell 8 cents, pressured by worries of weakening demand for
U.S. supplies from China, traders 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 +0 + H -5 + H UP 5
Wheat processors +0 + H +0 + H UNC
Decatur IL corn +2 + H +2 + H UNC
Decatur IL soybeans +13 + F +10 + F UP 3
Burns Harbor IN -20 + H -20 + H UNC
corn
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 +7 + H +5 + H UP 2
Council Bluffs, IA
(elevator)
Corn -8 + H -10 + H UP 2
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 Meredith Davis in Chicago; Editing by Meredith
Mazzilli)
REFILE-U.S. Cash Grains-Bids mostly steady, no new farmer sales
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