Jan 9 (Reuters) - Cash basis bids for corn and soybeans were
mostly steady to higher across the U.S. Midwest early on
Thursday, bolstered by a slow pace of farmer sales and strong
demand from soy processors and corn ethanol plants, dealers
said.
    * The basis at several locations, including a major corn and
soybean processor in central Illinois, were at the highest
levels since before harvest in September.
    * Heavy snowfall and bitter cold in much of the region
continued to limit access to on-farm storage bins and the large
crushing operations were boosting bids in an effort to entice
	

		

			
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farmer sales and deliveries.
    * Some growers were selling small amounts of the crops they
stored at commercial facilities on a "delayed price" basis but
there was little fresh grain moving off the farm, dealers said.
    * Bids were mostly steady to higher but soy bids eased at
two Iowa processors, in Cedar Rapids and Iowa Falls, while corn
bids declined along the Illinois River.
    
    Basis values quoted against CBOT futures in cents/bushel: 
                    CORN                   SOYBEANS            
 CINCINNATI OH       -10   +  H  UNC        +19    +  H   UNC
 BURNS HARBOR IN     -17   +  H  UNC         -8    +  H   UNC
 DECATUR IN          -10   +  H  UNC                           
 DES MOINES IA                              UNQ           UNC
 LINCOLN NE          -18   +  H  UNC                      
                                                               
 PROCESSORS                                                    
                    CORN                   SOYBEANS            
 DECATUR IL          +30   +  H  UP 15      +35    +  H   UP 5
 DECATUR IN                                 +12    +  H   UNC
 MORRISTOWN IN                              +22    +  H   UP 2
 LAFAYETTE IN                               +17    +  H   UNC
 CEDAR RAPIDS IA     +20   +  H  UNC         -8    +  H   DN 5
 COUNCIL BLUFFS IA                           +0    +  H   UP 7
 LINCOLN NE                                 -12    +  H   UP 3
 BLAIR NE             +5   +  H  UNC                           
                                                               
 RIVER TERMINALS                                               
                    CORN                   SOYBEANS            
 TOLEDO OH           -13   +  H  UP 1       +13    +  H   UP 4
 SENECA IL           -17   +  H  DN 4       +36    +  H   UP 2
 SAVANNA IL          -12   +  H  UP 3        +2    +  H   UNC
 DAVENPORT IA         -3   +  H  UNC         -8    +  H   UNC
                                                               
 ETHANOL PLANTS                                                
 LINDEN IN           +15   +  H  UNC                           
 UNION CITY IN        +7   +  H  UP 1                          
 ANNAWAN IL           +9   +  H  UP 3                          
	

		

			
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 COUNCIL BLUFFS IA    -5   +  H  UNC                           
                                                               
 SRW WHEAT                                                     
 TOLEDO OH           -14   +  H  UNC                           
 CINCINNATI OH       -42   +  H  UNC                           
 DECATUR IN           -5   +  H  UNC                           
 BURNS HARBOR IN     -35   +  H  UNC                           
 NOTES: 0 = Option price, UNC = Unchanged, UNQ = Unquoted,
 NC = Not comparable, DP = Delayed Price, 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 Marguerita
Choy)