U.S. Cash Grains-Bids flat; farmers inquire about new crop prices

Dec 27 (Reuters) - Corn and soy cash basis bids held mostly
steady at U.S. Midwest processors and elevators early on Friday
as many growers checked new crop prices, but were hesitant to
book sales, dealers said.
    * Farmers were still in holiday mode holding off on selling
crops until the new year, dealers said. 
    * Several dealers around the region said farmers mainly
called to ask about new crop prices. 
    * Some Indiana farmers inquired about delivering soybeans
this month that were previously contracted for January delivery,
a dealer said. Some growers want to clear out space in on-farm
storage bins, the dealer said. * Steady soybeans deliveries were expected to a processor in Council Bluffs, Iowa. The processor expects to receive an average of 300 trucks before the end of 2013, a dealer at the location said. * Late on Thursday a closely watched processor in Decatur, Illinois increased its soybean bid by 3 cents to 13 per bushel. * A corn processor in Blair, Nebraska also increased its bid late on Thursday by 2 cents. * CBOT corn futures were firm supported by better-than-expected weekly U.S. corn export sales. Gains were limited by improved South American crop weather and concerns about China's recent rejection of U.S. corn cargoes. * USDA reported U.S. corn weekly export sales of 1.48 tonnes for the period ended Dec. 19, up 79 percent from the previous week. * USDA reported U.S. soybean weekly export sales of 720,000 tonnes for the period ended Dec. 19. Basis values quoted against CBOT futures in cents/bushel: CORN SOYBEANS CINCINNATI OH -11 + H UNC -5 + F UNC BURNS HARBOR IN -20 + H UNC -20 + F UNC DECATUR IN -15 + H UNC DES MOINES IA UNQ UNC LINCOLN NE -18 + H UNC PROCESSORS CORN SOYBEANS DECATUR IL +2 + H UNC +13 + F UP 3 DECATUR IN -9 + F UNC
MORRISTOWN IN -2 + F UNC LAFAYETTE IN +5 + F UNC CEDAR RAPIDS IA +15 + H UNC -27 + F UNC COUNCIL BLUFFS IA -30 + F UNC LINCOLN NE -20 + F UNC BLAIR NE +7 + H UP 2 RIVER TERMINALS CORN SOYBEANS TOLEDO OH -14 + H UNC -5 + F UNC SENECA IL -18 + H UNC +7 + F UNC SAVANNA IL unq H UNC unq H UNC DAVENPORT IA -4 + H UNC -8 + H UNC ETHANOL PLANTS LINDEN IN -6 + H UNC UNION CITY IN +0 + H UNC ANNAWAN IL +0 + H DN 4 COUNCIL BLUFFS IA -8 + H UNC SRW WHEAT TOLEDO OH -20 + H UNC CINCINNATI OH -42 + H UNC DECATUR IN -10 + 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 Meredith Davis in Chicago; Editing by Chizu Nomiyama)

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