U.S. Cash Grains-Corn, soy bids mostly steady on light sales

Jan 16 (Reuters) - Cash basis bids for corn and soybeans
held mostly steady around the U.S. Midwest on Thursday after
narrow gains in corn futures failed to entice farmer sales while
lower soy futures kept country selling to a minimum, grain
merchants said.
    * Soybean bids were mixed at river terminals, rising along
the mid-Mississippi and easing along the Illinois. Barge freight
costs were steady to higher amid an increased rate of vessel
loadings on Midwest rivers to ship supplies to export terminals
along the U.S. Gulf Coast. 
    * Corn bids rose 1 cent at a northern Ohio elevator and 2
	
cents at an elevator in western Iowa. * Farmers increased sales of both crops earlier this week as corn and soybean futures rose to the highest levels in about three weeks. The sales were the largest volume seen so far this year, leading some processors and ethanol plants to reduce hours in which they can receive the crops. * But profitable processing margins limited losses in the basis, with ethanol and soy product makers eager for more supplies to crush during the next few months. 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 -14 + H UP 1 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 -5 + H UP 1 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 +25 + H +31 + H DN 6 Fort Worth TX corn +128 + H +128 + H UNC Blair NE corn -3 + H -3 + H UNC Council Bluffs, IA (elevator) Corn -7 + H -9 + H UP 2 Soy -15 + H -12 + H DN 3 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; Editing by Peter Galloway)

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