REFILE-U.S. Cash Grains-Bids mostly steady, no new farmer sales

(Refiles to remove extraneous letters from headline)
    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
	
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)

About the author

Comments

explore

Stories from our other publications