Dec 20 (Reuters) - Cash basis bids for corn and soybeans
were largely unchanged around the U.S. Midwest early on Friday
amid light offerings from farmers and limited demand from
processors and ethanol plants, grain merchants said.
* Farmers sold little of either crop this week but few
buyers were bidding aggressively despite the slow sales. The
users of the commodities were content to take delivery of
supplies to meet existing contracts amid expectations farmers
will boost sales in the first few days of the new tax year.
* Corn bids rose 5 cents per bushel late on Thursday at an
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elevator in Burns Harbor, Indiana, while soybean bids gained 3
cents at a terminal along the mid-Mississippi River in
Davenport, Iowa, with the basis flat elsewhere.
* Barge freight costs were unchanged on Midwest rivers.
* Soybeans futures edged higher at the Chicago Board of
Trade to add to Thursday's technically driven gains, but
remained capped by concerns over slowing U.S. exports and
prospects for bumper production in South America.
Basis values quoted against CBOT futures in cents/bushel:
CORN SOYBEANS
CINCINNATI OH -11 + H UNC -5 + F UNC
BURNS HARBOR IN -20 + H UP 5 -20 + F UNC
DECATUR IN -15 + H UNC
DES MOINES IA UNQ UNC
LINCOLN NE -18 + H UNC
PROCESSORS
CORN SOYBEANS
DECATUR IL +0 + H UNC +15 + F UNC
DECATUR IN -9 + F UNC
MORRISTOWN IN -2 + F UNC
LAFAYETTE IN +5 + F UNC
CEDAR RAPIDS IA +15 + H UNC -27 + F UNC
COUNCIL BLUFFS IA -30 + F UNC
LINCOLN NE -25 + F UNC
BLAIR NE +2 + H UNC
RIVER TERMINALS
CORN SOYBEANS
TOLEDO OH -14 + H UNC +0 + F UNC
SENECA IL -17 + H UP 2 +6 + F UNC
SAVANNA IL -15 + H UNC +5 + H UNC
DAVENPORT IA -4 + H UNC -8 + H UP 3
ETHANOL PLANTS
LINDEN IN -8 + H UNC
UNION CITY IN +0 + H UNC
ANNAWAN IL -2 + H UNC
COUNCIL BLUFFS IA -10 + H UNC
SRW WHEAT
TOLEDO OH -20 + H UNC
CINCINNATI OH -42 + H UNC
DECATUR IN -10 + H UNC
BURNS HARBOR IN -47 + H UNC
NOTES: 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 Michael Hirtzer in Chicago; Editing by James
Dalgleish)
U.S. Cash Grains-Corn, soy basis flat in light dealings
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