U.S. Cash Grains-Corn, soy bids hold steady; farmer sales stall

Jan 17 (Reuters) - Cash basis bids for corn and soybeans
held mostly steady around the U.S. Midwest on Friday after
softer corn futures and a late soybean futures rally failed to
induce farmer sales, grain merchants said.
    * Farmers booked sales of grain and soy in recent days and
waited for better prices before unloading more crops, dealers
said.
    * A soybean bids rose by 6 cents per bushel at an Illinois
River terminal, but soy bids held steady elsewhere. 
    * Private analytics firm Informa Economics raised its
forecast for 2014 U.S. corn plantings to 93.319 million acres
	
from 91.846 million, the firm said in a client note on Friday. * Informa pared its soybean plantings estimate to 81.264 million acres, from 81.929 million previously. * The U.S. Agriculture Department should develop a survey of corn feed use to make its benchmark monthly and quarterly grain estimates more accurate for the grain industry, according to a University of Illinois study of U.S. grain and soybean forecasts issued on Friday. * The Chicago Board of Trade futures market will be closed on Monday in observance of the Martin Luther King Jr. Day holiday. Basis values are quoted against CBOT futures in cts/bu: Current Previous Bid Bid Chicago, Illinois Corn processors +4 + H +4 + H UNC Corn elevators -5 + H -5 + H UNC Soybean elevators +10 + H +10 + H UNC Wheat elevators +10 + H +10 + H UNC Wheat processors +10 + H +10 + H UNC Decatur IL corn +6 + H +6 + H UNC Decatur IL +30 + H +30 + H UNC soybeans Burns Harbor IN -15 + H -15 + H UNC corn Burns Harbor IN -8 + H -8 + H UNC soy Lafayette IN soy +25 + H +25 + H UNC Toledo OH (port) Corn -13 + H -13 + H UNC Soy +12 + H +12 + H UNC SRW wheat -10 + H -10 + H UNC Davenport IA (river) Corn -3 + H -3 + H UNC
Soy -4 + H -4 + H UNC Evansville IN (rail) 15-car CSX corn +10 + H +10 + H UNC Cincinnati OH (rail) 3-car corn +1 + H +1 + H UNC Hereford TX corn +105 + H +105 + H UNC Columbus OH (rail) 3-car corn +1 + H +1 + H UNC Morris IL (river) Corn -17 + H -17 + H UNC Soybeans +31 + H +25 + H UP 6 Fort Worth TX +128 + H +128 + H UNC corn Blair NE corn -3 + H -3 + H UNC Council Bluffs, IA (elevator) Corn -7 + H -7 + H UNC Soy -15 + H -15 + H UNC Des Moines IA soy UNQ UNQ UNC Sioux City IA soy -23 + H -23 + H UNC NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted, NC = Not comparable, DP = Delayed Price, 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)

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