U.S. Cash Grains-Corn, soy bids mostly flat; barge freight falls

Nov 19 (Reuters) - Spot cash basis bids for corn and
soybeans held mostly steady on Tuesday in the U.S. Midwest
interior and farmer sales remained light, dealers said.
    * Producers remain reluctant to sell much of their
record-large corn harvest, but the threat of a drop in Chicago
Board of Trade corn futures below $4 a bushel has some
considering fresh sales, an Ohio merchandiser said.
    * Barge freight values have fallen sharply on Midwest
rivers, led by values on the Ohio River. The U.S. Army Corps of
Engineers lowered the dam at lock 52, near the Ohio's confluence
	
with the Mississippi River, where repair work caused vessel backups of up to three days. Lowering the dam opened the river there and allowed vessels to pass without locking. * Barges for this week on the Mississippi at St. Louis traded at 550 percent of tariff, down from 650 percent a day earlier. * River grain bids were mixed. The corn basis at Morris, Illinois, firmed by 10 cents while the soybean basis was unchanged. The soy basis fell 2 cents at Davenport, Iowa, on the Mississippi, but the Davenport corn basis was steady. * Dry weather into midweek will allow a rapid windup of corn and soybean harvesting in most areas of the Midwest, followed by widespread rainfall later in the week, MDA Weather Services said. The northwest Midwest could see some snow by Friday, and it will turn much colder by the weekend. * USDA reported U.S. corn harvest progress at 91 percent complete and soybean harvest at 95 percent complete by Sunday. * At the Chicago Board of Trade, corn futures rose on bargain buying and short-covering following the market's fall to a three-year low. CBOT wheat posted its biggest gain in a month. Soybeans fell on technical selling and favorable South American crop prospects.
Basis values are quoted against CBOT futures in cts/bu: Current Previous Bid Bid Chicago, Illinois Corn processors +14 + Z +14 + Z UNC Corn elevators -5 + Z -5 + Z UNC Soybean elevators +5 + F +5 + F UNC Wheat elevators +0 + Z +0 + Z UNC Wheat processors -10 + Z -10 + Z UNC Decatur IL corn +10 + Z +10 + Z UNC Decatur IL soybeans +15 + F +15 + F UNC Burns Harbor IN corn -24 + Z -24 + Z UNC Burns Harbor IN soy -20 + F -20 + F UNC Lafayette IN soy +7 + F +7 + F UNC Toledo OH (port) Corn -17 + Z -17 + Z UNC Soy +15 + F +15 + F UNC SRW wheat -13 + Z -13 + Z UNC Davenport IA (river) Corn +0 + Z +0 + Z UNC Soy -2 + F +0 + F DN 2 Evansville IN (rail) 15-car CSX corn +3 + Z +3 + Z UNC Cincinnati OH (rail) 3-car corn -5 + Z -5 + Z UNC Hereford TX corn +95 + Z +95 + Z UNC Columbus OH (rail) 3-car corn -5 + Z -5 + Z UNC Morris IL (river) Corn -5 + Z -15 + Z UP 10 Soybeans +7 + F +7 + F UNC Fort Worth TX corn +125 + Z +125 + Z UNC Blair NE corn +0 + Z +0 + Z UNC Council Bluffs, IA (elevator) Corn -15 + Z -15 + Z UNC Soy -13 + F -15 + F UP 2 Des Moines IA soy -30 + X -30 + X UNC Sioux City IA soy -15 + F -15 + F UNC
NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted, NC = Not comparable, DP = Delayed Price, X = November, Z = December --------------------------------------------------------------- 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 Julie Ingwersen; Editing by Bob Burgdorfer)

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