U.S. Cash Grains-Corn bids mixed after big sales ahead of report

Nov 8 (Reuters) - Corn cash basis bids were mixed around the
U.S. Midwest early on Friday after a spike in sales pressured
bids at some processors, while an overall slow pace of sales
bolstered the basis at ethanol plants, grain merchants said.
    * Many growers increased sales of the yellow grain ahead of
the monthly U.S. Agriculture Department supply/demand report,
due at 11 a.m. CST (1700 GMT), which is expected to show larger
harvested supplies of both corn and soybeans.
    * But growers have been reluctant sellers for several weeks
amid the lowest corn futures in three years. Farmers are utilizing on-farm grain bins to store supplies in hopes of selling later at higher prices. * Rain delays to the harvest this week also underpinned bids for corn and soybeans. A return to dry conditions in the Midwest over the next couple of weeks will allow farmers to begin wrapping up the harvest, a meteorologist said. * Corn bids eased at large processors and ethanol plants in Decatur, Illinois, and Cedar Rapids, Iowa, but firmed at smaller ethanol facilities in Indiana, Illinois and Iowa. * Bids for both crops eased along the Mississippi River following higher shipping costs on the waterway. * Soybean spot basis bids were largely steady at interior processors and elevators, supported by good demand and a slow pace of farmer sales. Basis values are quoted against CBOT futures in cts/bu: CORN SOYBEANS CINCINNATI OH -15 + Z UNC +0 + F UNC BURNS HARBOR IN -27 + Z UNC -6 + F UNC DECATUR IN -25 + Z UNC DES MOINES IA -5 + F UNC LINCOLN NE -5 + Z UNC PROCESSORS CORN SOYBEANS DECATUR IL +12 + Z DN 3 +15 + F UNC DECATUR IN +3 + F UNC MORRISTOWN IN +5 + F UNC LAFAYETTE IN +7 + F UNC
CEDAR RAPIDS +18 + Z DN 8 +5 + F UNC COUNCIL BLUFFS -8 + F UNC LINCOLN NE -15 + F UNC BLAIR NE +5 + Z UNC RIVER TERMINALS CORN SOYBEANS TOLEDO OH -26 + Z UNC +21 + F UP 1 SENECA IL -12 + Z UP 1 +7 + F UP 7 SAVANNA IL -11 + Z DN 2 +6 + X DN 1 DAVENPORT IA -4 + Z DN 2 +6 + F DN 2 ETHANOL PLANTS LINDEN IN -15 + Z UNC UNION CITY IN -15 + Z UP 1 ANNAWAN IL +0 + Z UP 4 COUNCIL BLUFFS IA -2 + Z UP 3 SRW WHEAT TOLEDO -30 + Z UNC CINCINNATI -30 + Z UNC DECATUR IN -10 + Z UNC BURNS HARBOR -35 + Z UNC NOTES: 0 = Option price, UNC = Unchanged, UNQ = Unquoted, NC = Not comparable, DP = Delayed Price, X = November, 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 Marguerita Choy and John Wallace)

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