Dec 16 (Reuters) - Spot basis bids for corn and soybeans
were largely unchanged across the U.S. Midwest early on Monday
as mostly flat activity in the futures market failed to spur
significant sales of the commodities, grain merchants said.
* Corn futures edged lower while soybeans posted
only modest gains in a bargain-buying bounce. But prices for
each crop remain in their narrow trading ranges from recent
weeks, keeping any selling interest to a minimum.
* Many farmers also delayed deliveries to meet existing
contracts amid bitter cold and snow that cut off access to some
on-farm grain storage bins.
* The growers were likely to delay sales until 2014 both for
tax purposes and the hopes of higher prices in the new year.
* Soybean bids eased 5 cents per bushel to the lowest level
in more than two weeks in Toledo, Ohio. Farmers increased sales
of soybeans earlier this month, which has weighed on bids in
some locations in recent days.
* Corn bids gained 3 cents at a western Illinois ethanol
plant and were little changed elsewhere.
Basis values quoted against CBOT futures in cents/bushel:
CORN SOYBEANS
CINCINNATI OH -14 + H UNC -5 + F UNC
BURNS HARBOR IN -25 + H UNC -20 + F UNC
DECATUR IN -20 + H UNC
DES MOINES IA UNQ UNC
LINCOLN NE -15 + 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 +17 + H UNC -22 + F UNC
COUNCIL BLUFFS IA -23 + F UNC
LINCOLN NE -20 + F UNC
BLAIR NE +4 + H UNC
RIVER TERMINALS
CORN SOYBEANS
TOLEDO OH -14 + H UP 1 +5 + F DN 5
SENECA IL -16 + H DN 1 +7 + F UNC
SAVANNA IL -15 + H UNC +5 + H UNC
DAVENPORT IA -4 + H UNC -11 + H UNC
ETHANOL PLANTS
LINDEN IN -10 + H UNC
UNION CITY IN -2 + H UNC
ANNAWAN IL -2 + H UP 3
COUNCIL BLUFFS IA -8 + H UNC
SRW WHEAT
TOLEDO OH -20 + H UNC
CINCINNATI OH -42 + H UNC
DECATUR IN -20 + 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
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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 Maureen
Bavdek)
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