CIF Gulf Grain-Corn bids firm, wheat weak

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Dec 11 (Reuters) - Basis bids for corn shipped by barge to
the U.S. Gulf firmed on Wednesday morning as slow barge loadings
this week limited the amount of grain headed toward export
terminals.
* Subfreezing temperatures and snowstorms across the U.S.
Midwest have made it hard for river terminals to move grain from
their storage facilities onto vessels.
* Additionally, the poor weather conditions have slowed the
delivery of crops from farmers to the elevators.
* Basis bids for soybeans were mostly unchanged on the CIF
market.
* Bids for wheat fell on poor export demand for U.S.

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supplies. A huge Canadian crop has added to the fierce
competition U.S. exporters face for overseas business.
* CIF basis bids for soybean barges loaded in December were
105 cents over Chicago Board of Trade January futures,
unchanged from Monday afternoon. First-half January loadings
also were flat at 105 over.
* CIF basis bids for corn barges loaded in the first half of
December were 2 cents higher at 70 cents per bushel over CBOT
March futures while last-half December bids were steady at
73 cents over.
* CIF basis bids for soft red winter wheat barges loaded in
the first half and last half of December fell 2 cents to 95
cents over CBOT March futures.

To check displays of CIF basis, double-click on following:
U.S. CIF Gulf soybeans
U.S. CIF Gulf corn
U.S. CIF Gulf SRW wheat
U.S. CIF Gulf HRW wheat

LINKS:

* FOB U.S. Gulf Coast Grain
* U.S. grain export summary
* Brazil soybean export prices
* Brazil corn export prices
* U.S. barge freight

(Reporting by Mark Weinraub; editing by Jim Marshall)