U.S. Cash Grains-Corn bids steady to mixed; farmer sales slow

Nov 22 (Reuters) - Corn cash basis bids were steady to mixed
at U.S. Midwest processors and terminals early on Friday as a
spike in futures weighed on the basis at some locations while a
slow pace of farmer sales bolstered bids elsewhere, grain
merchants said.
    * Surging ethanol futures improved profit prospects
for makers of the grain-based fuel additive, but sharp gains in
corn futures calendar spreads  limited what some elevators
were willing to pay for the grain as the "carry" declined.
    * The corn basis fell 3 cents per bushel at a large
processor and ethanol plant in Cedar Rapids, Iowa, but eased 5 cents late on Thursday at a major crushing facility in Decatur, Illinois. * Corn bids eased along the Illinois River and firmed along the Mississippi River. Barge freight has fallen sharply in recent days amid a more plentiful supply of vessels to ship harvested supplies to the U.S. Gulf Coast export markets. * Soybean bids also firmed along the Mississippi River and were otherwise unchanged in light trading at interior processors and elevators with the harvest about done. * Dry weather beginning this weekend and continuing next week should allow U.S. farmers to finish harvesting the 2013 corn and soybean crops, an agricultural meteorologist said. Basis values are quoted against CBOT futures in cts/bu: CORN SOYBEANS CINCINNATI OH -5 + Z UNC -10 + F UNC BURNS HARBOR IN -24 + Z UNC -20 + F UNC DECATUR IN -20 + Z UNC DES MOINES IA -30 + F UNC LINCOLN NE -8 + Z UNC PROCESSORS CORN SOYBEANS DECATUR IL +15 + Z UP 5 +15 + F UNC DECATUR IN +3 + F UNC MORRISTOWN IN +0 + F UNC LAFAYETTE IN +7 + F UNC CEDAR RAPIDS +20 + Z DN 3 -7 + F UNC COUNCIL BLUFFS IA -8 + F UNC LINCOLN NE -5 + F UNC
BLAIR NE +0 + Z UNC RIVER TERMINALS CORN SOYBEANS TOLEDO OH -20 + Z UNC +5 + F UNC SENECA IL -4 + Z DN 3 +7 + F UNC SAVANNA IL +0 + Z UNC -6 + F UNC DAVENPORT IA +1 + Z UP 1 -2 + F UP 2 ETHANOL PLANTS LINDEN IN -5 + Z UNC UNION CITY IN -15 + Z UNC ANNAWAN IL +4 + Z UNC COUNCIL BLUFFS IA -10 + Z UNC 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, 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)

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