U.S. Cash Grains-Corn, soy basis flat in light dealings

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
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)

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