Dec 10 (Reuters) - Spot cash bids for corn and soybeans were
steady to higher at U.S. Midwest processors, ethanol plants and
river terminals early on Tuesday, supported by a slow farmer
sales ahead of a monthly government crop report, dealers said.
* Farmers were light sellers, mostly of soybeans, on Monday
as futures jumped, but there was little selling interest in
advance of a U.S. Agriculture Department report expected to show
increased global demand for the crops. The report is slated for
release at 11 a.m. CST (1700 GMT).
* Depressed prices due to big harvests have many farmers
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stowing away supplies in the hopes of selling next year at
higher prices.
* Strong crush margins at soybean processors and ethanol
plants also bolstered the soybean and corn basis, the dealers
said.
* Lower drafts and frigid temperatures slowed barge traffic
on some Midwest waterways. Shipping costs were unchanged.
* Temperatures are forecast to remain below normal in the
U.S. Midwest and Plains for the next week to 10 days, but not
cold enough to cause further damage to dormant winter wheat
crops, a meteorologist said on Tuesday.
Basis values quoted against CBOT futures in cents/bushel:
CORN SOYBEANS
CINCINNATI OH -14 + H UNC -5 + F UNC
BURNS HARBOR IN -25 + H UNC -20 + F UNC
DECATUR IN -20 + H UNC
DES MOINES IA UNQ UNC
LINCOLN NE -16 + H UNC
PROCESSORS
CORN SOYBEANS
DECATUR IL +0 + H UNC +20 + F UP 5
DECATUR IN -2 + F UNC
MORRISTOWN IN +5 + F UNC
LAFAYETTE IN +5 + F UNC
CEDAR RAPIDS IA +7 + H DN 3 -15 + F UNC
COUNCIL BLUFFS IA -18 + F UNC
LINCOLN NE -15 + F UNC
BLAIR NE +2 + H UNC
RIVER TERMINALS
CORN SOYBEANS
TOLEDO OH -15 + H UP 4 +10 + F UNC
SENECA IL -18 + H UP 1 +14 + F UP 4
SAVANNA IL -10 + H UNC +10 + H UNC
DAVENPORT IA -6 + H UNC -12 + H UNC
ETHANOL PLANTS
LINDEN IN -10 + H UNC
UNION CITY IN -3 + H UNC
ANNAWAN IL -5 + H UNC
COUNCIL BLUFFS IA -2 + H UP 6
SRW WHEAT
TOLEDO OH -20 + H UNC
CINCINNATI OH -42 + H UNC
DECATUR IN -20 + 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 Michael Hirtzer in Chicago; Editing by John
Wallace)
U.S. Cash Grains-Bids firm on slow sales ahead of USDA report
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