U.S. Cash Grains-Corn bids steady to higher and soy unchanged

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
	
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)

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