Dec 31 (Reuters) - Cash basis bids for corn were steady to
higher across the U.S. Midwest on Tuesday in light holiday trade
as U.S. corn futures closed lower, dealers said.
* Most growers have already sold their planned amounts of
grain and will wait later into the new year before booking more
sales, dealers said.
* Sharply lower Chicago Board of Trade soybean values
combined with the holiday season kept a lid on cash soy trading,
dealers said.
* CBOT soybean futures fell more than 1 percent on Tuesday
on end-year liquidation and beneficial rains in South American
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crop areas, especially Argentina, and settled down 7.5 percent
for the year, traders said.
* Light grain and soy deliveries trickled in early on
Tuesday to some locations as farmers met their commitments for
2013, dealers said.
* A closely followed processor in Decatur, Illinois improved
its corn bid by 8 cents per bushel.
* A corn bid improved by 1 cent per bushel at an Illinois
river terminal.
* A soybean bid rose by 3 cents per bushel at an elevator in
Council Bluffs, Iowa.
* A soybean bid fell by 5 cents per bushel at Sioux City,
Iowa processor.
* Chicago Board of Trade corn futures closed lower on
Tuesday on the burdensome stockpile of global feedgrains and on
rainfall in Argentina that boosted crop prospects in the key
global exporter, traders said.
Basis values are quoted against CBOT futures in cts/bu:
Current Previous
Bid Bid
Chicago,
Illinois
Corn -3 + H -3 + H UNC
processors
Corn elevators -5 + H -5 + H UNC
Soybean +5 + F +5 + F UNC
elevators
Wheat +0 + H +0 + H UNC
elevators
Wheat +0 + H +0 + H UNC
processors
Decatur IL +10 + H +2 + H UP 8
corn
Decatur IL +25 + H +25 + H UNC
soybeans
Burns Harbor -20 + H -20 + H UNC
IN corn
Burns Harbor -28 + F -28 + F UNC
IN soy
Lafayette IN +5 + F +5 + F UNC
soy
Toledo OH
(port)
Corn -14 + H -14 + H UNC
Soy +0 + F +0 + F UNC
SRW wheat -10 + H -10 + H UNC
Davenport IA
(river)
Corn -4 + H -4 + H UNC
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 +97 + H +97 + H UNC
corn
Columbus OH
(rail)
3-car corn -1 + H -1 + H UNC
Morris IL
(river)
Corn -14 + H -15 + H UP 1
Soybeans +7 + F +7 + F UNC
Fort Worth TX +10 + H +100 + H UNC
corn 0
Blair NE corn +7 + H +7 + H UNC
Council Bluffs, IA
(elevator)
Corn -5 + H -8 + H UP 3
Soy -38 + F -38 + F UNC
Des Moines IA UNQ UNQ UNC
soy
Sioux City IA -40 + F -35 + F DN 5
soy
NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted,
NC = Not comparable, DP = Delayed Price, 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 Meredith Davis in Chicago; Editing by Meredith
Mazzilli)
U.S. Cash Grains-Corn bids steady to higher in light trade
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