Jan 3 (Reuters) - Corn cash basis bids were steady to higher
while soybean bids were mostly unchanged across the U.S. Midwest
on Friday, dealers said.
* Midwest grain merchants said farmers were hesitant to book
new crop sales even as CBOT grain and soy futures rebounded from
Thursday's lows.
* Snowy conditions and extremely cold temperatures limited
deliveries, dealers said.
* Some ethanol plants sought corn shipments for one to two
weeks from Friday in an effort to avoid being short, an Ohio
grain merchant said.
* Rail shipments were extremely slow with some deliveries
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behind at least two-weeks, a Kansas City rail broker said.
* Corn bids gained 1 cent per bushel at a Mississippi River
terminal near Davenport, Iowa and a processor in Blair Nebraska.
* Private analytics firm Informa Economics raised its
estimate of the U.S. 2013 corn yield to 161.6 bushels per acre,
from 161.2 previously, the firm said in a note to clients.
* For soybeans, Informa estimated the 2013 U.S. harvest at
3.329 billion bushels and the yield at 44.0 bushels per acre, up
from its previous estimates, issued Nov. 1, of 3.298 billion
bushels and 43.3 bushels per acre.
* Bitter cold temperatures across the U.S. Plains early next
week will put some of the dormant hard red winter wheat crop at
risk of damage, particularly in drier areas of the region,
meteorologists and agronomists said.
* Temperatures in the U.S. Midwest crop belt are expected to
fall to the coldest levels in years early next week, forecasters
said.
Basis values are quoted against CBOT futures in cts/bu:
Current Previous
Bid Bid
Chicago,
Illinois
Corn +4 + H +4 + H UNC
processors
Corn elevators -5 + H -5 + H UNC
Soybean +0 + F +0 + H NC
elevators
Wheat +10 + H +10 + H UNC
elevators
Wheat +10 + H +10 + H UNC
processors
Decatur IL +15 + H +15 + H UNC
corn
Decatur IL +25 + H +25 + H UNC
soybeans
Burns Harbor -17 + H -17 + H UNC
IN corn
Burns Harbor -8 + H -8 + H UNC
IN soy
Lafayette IN +17 + H +17 + H UNC
soy
Toledo OH
(port)
Corn -14 + H -14 + H UNC
Soy +12 + H +12 + H UNC
SRW wheat -10 + H -10 + H UNC
Davenport IA
(river)
Corn -3 + H -4 + H UP 1
Soy -5 + H -5 + H UNC
Evansville IN
(rail)
15-car CSX +5 + H +5 + H UNC
corn
Cincinnati OH
(rail)
3-car corn -2 + H -2 + H UNC
Hereford TX +98 + H +94 + H UP 4
corn
Columbus OH
(rail)
3-car corn -1 + H -1 + H UNC
Morris IL
(river)
Corn -14 + H -14 + H UNC
Soybeans +20 + H +20 + H UNC
Fort Worth TX +11 + H +113 + H UNC
corn 3
Blair NE corn +6 + H +5 + H UP 1
Council Bluffs, IA
(elevator)
Corn -5 + H -5 + H UNC
Soy -20 + H -20 + H UNC
Des Moines IA UNQ UNQ UNC
soy
Sioux City IA -15 + H -15 + H UNC
soy
NOTE: 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 Meredith Davis in Chicago; Editing by Grant
McCool)
U.S. Cash Grains-Corn bids steady to higher and soy unchanged
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