Nov 26 (Reuters) - Spot basis bids for corn continued to firm at ethanol
production plants in the U.S. Midwest on Tuesday as dealers at those locations
sought to boost supplies with corn prices near three-year lows.
* Soybean bids were mostly steady to firm at processors and elevators. Grain
dealers said they were trying to spark some country movement as farmers finished
the last stages of their harvest.
* Processor and elevators bids for corn were mostly unchanged, although a
dealer at an elevator in Toledo, Ohio, boosted the bid at that location by 4
cents a bushel.
* Farmers selling was light. A dealer in Cincinnati, Ohio, said farmers were
calling to ask about soybean prices but few were willing to commit to new deals.
* Soybean futures rallied to a two-month high on Monday, which pulled up
cash prices close to some farmers' targets.
* The Mississippi River was closed to traffic for an eight mile stretch near
Le Claire, Iowa, due to a sinking vessel and oil discharge.
* Soybean futures and corn futures fell in early trading at the
Chicago Board of Trade on Tuesday after posting gains on Monday.
Basis values are quoted against CBOT futures in cts/bu:
CORN SOYBEANS Corn Wheat SoyBean
CINCINNATI OH -5 + Z UNC +0 + F UP 10 COEL-CNCNT-USM SBEL-CN
BURNS HARBOR IN -24 + Z UNC -20 + F UNC COEL-BRHRN-USM SBEL-BR
DECATUR IN -20 + Z UNC COEL-DCTRN-USM SBEL-DC
DES MOINES IA -30 + F UNC COEL-DSMNS-USM SBEL-DS
LINCOLN NE -8 + Z UNC COEL-LNCNE-USM SBEL-LN
DECATUR IL +15 + Z UNC +15 + F UNC COPR-DCTRL-USM SBPR-DC
DECATUR IN +3 + F UNC COPR-DCTRN-USM SBPR-DC
MORRISTOWN IN +0 + F UNC COPR-MRSTN-USM SBPR-MR
LAFAYETTE IN +0 + F UNC COPR-LFYTN-USM SBPR-LF
CEDAR RAPIDS IA +24 + Z UNC +2 + F UP 9 COPR-CDRPD-USM SBPR-CD
COUNCIL BLUFFS IA -8 + F DN 3 COPR-CNBLF-USM SBPR-CN
LINCOLN NE -5 + F UNC COPR-LNCNE-USM SBPR-LN
BLAIR NE +0 + Z UNC COPR-BLRNE-USM SBPR-BL
TOLEDO OH -16 + Z UP 4 +5 + F UNC CORT-TOLDO-USM SBRT-TO
SENECA IL -4 + Z UNC +7 + F UNC CORT-SNCAL-USM SBRT-SN
SAVANNA IL +0 + Z UNC +6 + F UP 10 CORT-SVNAL-USM SBRT-SV
DAVENPORT IA +0 + Z UNC -2 + F DN 2 CORT-DVNPT-USM SBRT-DV
LINDEN IN -5 + Z UNC ETNL-LNDNN-USM
UNION CITY IN -3 + Z UP 9 ETNL-UNCTN-USM
ANNAWAN IL +6 + Z UP 2 ETNL-ANWNL-USM
COUNCIL BLUFFS IA -4 + Z UP 3 ETNL-CNBLF-USM
TOLEDO OH -30 + Z UNC SRWT-TOLDO-USM
CINCINNATI OH -30 + Z UNC SRWT-CNCNT-USM
DECATUR IN -10 + Z UNC SRWT-DCTRN-USM
BURNS HARBOR IN -35 + Z UNC SRWT-BRHRN-USM
NOTES: 0 = Option price, UNC = Unchanged, UNQ = Unquoted,
NC = Not comparable, DP = Delayed Price, Z = December,
F = January, H = March
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 Lisa Von Ahn and John