U.S. Cash Grains-Corn bids firm on demand from ethanol producers

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: RICs RICs CORN SOYBEANS Corn Wheat SoyBean CINCINNATI OH -5 + Z UNC +0 + F UP 10 COEL-CNCNT-USM SBEL-CN CNT-USM BURNS HARBOR IN -24 + Z UNC -20 + F UNC COEL-BRHRN-USM SBEL-BR HRN-USM DECATUR IN -20 + Z UNC COEL-DCTRN-USM SBEL-DC TRN-USM DES MOINES IA -30 + F UNC COEL-DSMNS-USM SBEL-DS MNS-USM LINCOLN NE -8 + Z UNC COEL-LNCNE-USM SBEL-LN CNE-USM PROCESSORS CORN SOYBEANS DECATUR IL +15 + Z UNC +15 + F UNC COPR-DCTRL-USM SBPR-DC TRL-USM DECATUR IN +3 + F UNC COPR-DCTRN-USM SBPR-DC TRN-USM MORRISTOWN IN +0 + F UNC COPR-MRSTN-USM SBPR-MR STN-USM LAFAYETTE IN +0 + F UNC COPR-LFYTN-USM SBPR-LF YTN-USM
CEDAR RAPIDS IA +24 + Z UNC +2 + F UP 9 COPR-CDRPD-USM SBPR-CD RPD-USM COUNCIL BLUFFS IA -8 + F DN 3 COPR-CNBLF-USM SBPR-CN BLF-USM LINCOLN NE -5 + F UNC COPR-LNCNE-USM SBPR-LN CNE-USM BLAIR NE +0 + Z UNC COPR-BLRNE-USM SBPR-BL RNE-USM RIVER TERMINALS CORN SOYBEANS TOLEDO OH -16 + Z UP 4 +5 + F UNC CORT-TOLDO-USM SBRT-TO LDO-USM SENECA IL -4 + Z UNC +7 + F UNC CORT-SNCAL-USM SBRT-SN CAL-USM SAVANNA IL +0 + Z UNC +6 + F UP 10 CORT-SVNAL-USM SBRT-SV NAL-USM DAVENPORT IA +0 + Z UNC -2 + F DN 2 CORT-DVNPT-USM SBRT-DV NPT-USM ETHANOL PLANTS 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 SRW WHEAT 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 --------------------------------------------------------------- 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 Lisa Von Ahn and John Wallace)

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