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CIF Gulf Grain-Corn bids firm, wheat weak

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.
	
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)

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