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U.S. Cash Grains-Bids firm on slow sales ahead of USDA report

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
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)

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