June 18 (Reuters) – Corn and soybean bids were steady to slightly firmer around the U.S. Midwest on Wednesday in quiet trade as farmers remained reluctant to book crop sales, dealers said.
* Soft red winter wheat bids were unchanged in portions of Ohio with harvest still a couple weeks away.
* Rain and wet conditions were monitored in portions of western Iowa, where some fields flooded after strong thunderstorms on Monday. More rain was expected late on Wednesday, a grain merchant said.
* Corn bids firmed 2 cents per bushel at an Indiana ethanol plant and by 7 cents at an Iowa processor.
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* Soybean bids firmed by 1 to 4 cents per bushel at terminals on the Mississippi Rivers.
* Soybean held mostly steady supported by tight supplies and slow farmer selling, dealers said.
Basis values are quoted against CBOT futures in cts/bu:
CORN SOYBEANS
CINCINNATI OH +2 + N UNC +85 + Q UNC
BURNS HARBOR IN -12 + N UNC +10 + N UNC
DECATUR IN -15 + N UNC
DES MOINES IA UNQ UNC
LINCOLN NE -7 + N UNC
PROCESSORS
CORN SOYBEANS
DECATUR IL +18 + N UNC +90 + Q UNC
DECATUR IN +110 + Q UNC
MORRISTOWN IN +110 + Q UNC
LAFAYETTE IN +100 + Q UP 5
CEDAR RAPIDS IA +27 + N UP 7 +65 + Q UNC
COUNCIL BLUFFS IA +62 + Q UNC
LINCOLN NE +60 + Q UNC
BLAIR NE +5 + N UNC
RIVER TERMINALS
CORN SOYBEANS
TOLEDO OH -10 + N UNC +85 + Q UNC
SENECA IL +3 + N DN 2 +7 + N UNC
SAVANNA IL +1 + N UNC +1 + N UP 4
DAVENPORT IA +6 + N UP 1 -3 + N UP 1
ETHANOL PLANTS
LINDEN IN +3 + N UP 2
UNION CITY IN +7 + N UNC
ANNAWAN IL +4 + N UNC
COUNCIL BLUFFS IA +0 + N UNC
SRW WHEAT
TOLEDO OH +0 + N UNC
CINCINNATI OH -10 + N UNC
DECATUR IN -10 + N UNC
BURNS HARBOR IN -20 + N UNC
NOTES: 0 = Option price, UNC = Unchanged, UNQ = Unquoted,
NC = Not comparable, DP = Delayed Price, N = July, Q = August
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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 Meredith Davis in Chicago; Editing by Peter
Galloway)
