U.S. Cash Grains–Bids steady-mixed; quiet trade

Dec 30 (Reuters) - Corn and soybean cash basis bids were
steady to mixed in quiet trade around the U.S. Midwest on
Tuesday as farmers inquired about prices and checked their
delivery quotas for the month, dealers said. 
    * Most farmers did not book new sales in anticipation of
better grain and soy prices in 2014.
    * A handful of locations increased bids in an effort to stir
farmer interest in booking new sales. But weak Chicago Board of
Trade corn and soy prices combined with the holiday season to
limit new-crop sales, dealers said.  
* Corn bids rose by 1 cent per bushel at a Cedar Rapids, Iowa, processor and at an Illinois River terminal. * A Mississippi River terminal near Davenport, Iowa, increased its soybean bid by 3 cents per bushel. * An Illinois ethanol plant lowered it corn bid by 5 cents per bushel. * Soybean bids were slashed by 8 cents per bushel at a port terminal in Burns Harbor, Indiana, and at a processor in Cedar Rapids, Iowa. * Processors in Decatur, Indiana, and Council Bluffs, Iowa, rolled soy bids to the Chicago Board of Trade March contract from the January contract which expires Jan. 14. * Late on Thursday, a closely watched processor in Decatur, Illinois, rolled its soybean bid to the CBOT March contract from the January contract. 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 -28 + F DN 8 DECATUR IN -15 + H UNC DES MOINES IA UNQ UNC LINCOLN NE -18 + H UNC PROCESSORS CORN SOYBEANS DECATUR IL +2 + H UNC +25 + H NC DECATUR IN +8 + H NC MORRISTOWN IN unq H NC LAFAYETTE IN +5 + F UNC CEDAR RAPIDS IA +16 + H UP 1 -35 + F DN 8 COUNCIL BLUFFS -15 + H NC IA
LINCOLN NE -20 + F UNC BLAIR NE +7 + H UNC RIVER TERMINALS CORN SOYBEANS TOLEDO OH -14 + H UNC -5 + F UNC SENECA IL -14 + H UP 1 +7 + F UNC SAVANNA IL unq H UNC unq H UNC DAVENPORT IA -4 + H UNC -5 + H UP 3 ETHANOL PLANTS LINDEN IN -6 + H UNC UNION CITY IN +0 + H UNC ANNAWAN IL -5 + H DN 5 COUNCIL BLUFFS -5 + H UNC IA 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 Jim Marshall)

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