U.S. Cash Grains-Bids hold steady; sales slow

Dec 18 (Reuters) - Corn and soybean cash basis bids held
steady around the U.S. Midwest on Wednesday after lower futures
at the Chicago Board of Trade stalled farmer sales of the crops,
grain merchants said.
    * Some farmers sold soybeans early but sales of the oilseed
largely halted after CBOT soybean futures prices fell, a Toledo
grain merchant said. 
    * Soybean futures on the Chicago Board of Trade fell 1.7
percent on Wednesday, the most in a month, on technical selling
and profit-taking after the spot January contract failed to
match last week's multi-month high of $13.53-1/2 a bushel,
	
traders said. * Weaker CBOT corn futures also made cash prices unattractive to farmers who chose to keep the grain stowed away until prices improve, dealers said. * Chicago Board of Trade corn futures closed lower on Wednesday on abundant corn stocks and pressure from a slide in soy, as well as news China has rejected cargoes of corn from the U.S. that were an unapproved GMO variety, traders said. * Many sellers have already entered holiday-mode with little interest in selling grain and soy, dealers said. The growers hope to see improved cash prices in the first few months of the new tax year 2014. Basis values are quoted against CBOT futures in cts/bu: Current Previous Bid Bid Chicago, Illinois Corn processors +0 + H +0 + H UNC Corn elevators -5 + H -5 + H UNC Soybean elevators +5 + F +5 + F UNC Wheat elevators -5 + H -5 + H UNC Wheat processors -10 + H -10 + H UNC Decatur IL corn +0 + H +0 + H UNC Decatur IL soybeans +15 + F +15 + F UNC Burns Harbor IN corn -25 + H -25 + H UNC 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 -11 + H -11 + H UNC Evansville IN (rail) 15-car CSX corn +0 + H +0 + H UNC Cincinnati OH (rail) 3-car corn -3 + H -3 + H UNC Hereford TX corn +94 + H +94 + H UNC Columbus OH (rail) 3-car corn -3 + H -3 + H UNC Morris IL (river) Corn -17 + H -17 + H UNC Soybeans +8 + F +8 + F UNC Fort Worth TX corn +120 + H +120 + H UNC Blair NE corn +2 + H +2 + H UNC Council Bluffs, IA (elevator) Corn -10 + H -10 + H UNC Soy -33 + F -33 + F UNC Des Moines IA soy UNQ UNQ UNC Sioux City IA soy -33 + F -33 + 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 David Gregorio)

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