Dec 30 (Reuters) - Corn and soybean cash basis bids were
steady to mixed in quiet trade around the U.S. Midwest on
Tuesday as farmers inquired about prices and checked their
delivery quotas for the month, dealers said.
* Most farmers did not book new sales in anticipation of
better grain and soy prices in 2014.
* A handful of locations increased bids in an effort to stir
farmer interest in booking new sales. But weak Chicago Board of
Trade corn and soy prices combined with the holiday season to
limit new-crop sales, dealers said.
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* Corn bids rose by 1 cent per bushel at a Cedar Rapids,
Iowa, processor and at an Illinois River terminal.
* A Mississippi River terminal near Davenport, Iowa,
increased its soybean bid by 3 cents per bushel.
* An Illinois ethanol plant lowered it corn bid by 5 cents
per bushel.
* Soybean bids were slashed by 8 cents per bushel at a port
terminal in Burns Harbor, Indiana, and at a processor in Cedar
Rapids, Iowa.
* Processors in Decatur, Indiana, and Council Bluffs, Iowa,
rolled soy bids to the Chicago Board of Trade March contract
from the January contract which expires Jan. 14.
* Late on Thursday, a closely watched processor in Decatur,
Illinois, rolled its soybean bid to the CBOT March contract from
the January contract.
Basis values quoted against CBOT futures in cents/bushel:
CORN SOYBEANS
CINCINNATI OH -11 + H UNC -5 + F UNC
BURNS HARBOR IN -20 + H UNC -28 + F DN 8
DECATUR IN -15 + H UNC
DES MOINES IA UNQ UNC
LINCOLN NE -18 + H UNC
PROCESSORS
CORN SOYBEANS
DECATUR IL +2 + H UNC +25 + H NC
DECATUR IN +8 + H NC
MORRISTOWN IN unq H NC
LAFAYETTE IN +5 + F UNC
CEDAR RAPIDS IA +16 + H UP 1 -35 + F DN 8
COUNCIL BLUFFS -15 + H NC
IA
LINCOLN NE -20 + F UNC
BLAIR NE +7 + H UNC
RIVER TERMINALS
CORN SOYBEANS
TOLEDO OH -14 + H UNC -5 + F UNC
SENECA IL -14 + H UP 1 +7 + F UNC
SAVANNA IL unq H UNC unq H UNC
DAVENPORT IA -4 + H UNC -5 + H UP 3
ETHANOL PLANTS
LINDEN IN -6 + H UNC
UNION CITY IN +0 + H UNC
ANNAWAN IL -5 + H DN 5
COUNCIL BLUFFS -5 + H UNC
IA
SRW WHEAT
TOLEDO OH -20 + H UNC
CINCINNATI OH -42 + H UNC
DECATUR IN -10 + H UNC
BURNS HARBOR IN -47 + H UNC
NOTES: 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 Jim
Marshall)
U.S. Cash Grains–Bids steady-mixed; quiet trade
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