U.S. Cash Grains-Corn/soy bids flat; some corn bids roll to March

Nov 26 (Reuters) - Spot cash basis bids for corn and
soybeans were mostly steady in the U.S. Midwest interior on
Tuesday and country selling was quiet as producers wrapped up
the harvest, dealers said.
    * Farmers have enough income that many are delaying
additional grain sales until the new year for tax purposes,
dealers said.
    * The corn basis on the Illinois River at Morris, Illinois,
fell by 3 cents and the soy basis fell 2 cents, reflecting
softer CIF values for both products at the U.S. Gulf.
    * The Mississippi River was closed to navigation along an
	
eight-mile stretch near Le Claire, Iowa, after a boat containing diesel fuel and lube oil struck a submerged object and sank late on Monday, the U.S. Coast Guard said. * One northbound towboat with no barges and two southbound tow boats pushing a total of 25 barges were waiting at midmorning on Tuesday to pass through the closed section from river mile marker 493 to 501, about 15 miles upriver from Davenport. * This week was the last for shipping on parts of the upper Mississippi, including McGregor and Dubuque, Iowa, as waters typically freeze over in wintertime, bringing vessel traffic to a halt. * Mostly dry weather in the Midwest through early next week should help farmers finish the last of the corn harvest, the Commodity Weather Group said. The USDA said 95 percent of the corn crop had been cut as of Sunday. * Dealers have begun rolling their basis bids forward to post against the Chicago Board of Trade March contract, with the CBOT December contract scheduled to enter its delivery phase later this week. * At the CBOT, corn and wheat prices fell Tuesday on profit-taking while soybeans clawed back earlier losses, buoyed by a surge in front-month soymeal tied to short-covering ahead
of the December futures delivery period. * After the CBOT close, Egypt's main wheat-buying agency, the General Authority for Supply Commodities, set a tender to buy wheat from global suppliers for shipment Dec. 16-31. Results were expected on Wednesday. Basis values are quoted against CBOT futures in cts/bu: Current Previous Bid Bid Chicago Corn processors +13 + Z +13 + Z UNC Corn elevators +0 + Z +0 + Z UNC Soybean elevators +5 + F +5 + F UNC Wheat elevators +5 + Z +0 + Z UP 5 Wheat processors -10 + Z -10 + Z UNC Decatur, IL corn +15 + Z +15 + Z UNC soybeans +15 + F +15 + F UNC Burns Harbor, IN corn -24 + Z -24 + Z UNC soy -20 + F -20 + F UNC Lafayette, IN soy +0 + F +0 + F UNC Toledo, OH (port) Corn -17 + H -17 + H UNC Soy +6 + F +6 + F UNC SRW wheat -13 + Z -13 + Z UNC Davenport, IA (river) Corn +0 + Z +0 + Z UNC Soy -8 + H -2 + F NC Evansville, IN (rail) 15-car CSX corn +8 + Z +8 + Z UNC Cincinnati, OH (rail) 3-car corn +0 + Z +0 + Z UNC Hereford, TX corn +95 + H +100 + Z NC Columbus, OH (rail) 3-car corn +0 + Z +0 + Z UNC Morris, IL (river) Corn -7 + Z -4 + Z DN 3 Soybeans +5 + F +7 + F DN 2 Fort Worth TX corn +120 + H +130 + Z NC Blair NE corn +0 + Z +0 + Z UNC
Council Bluffs, IA (elevator) Corn -4 + Z -4 + Z UNC Soy -12 + F -12 + F UNC Des Moines, IA soy -30 + X -30 + X UNC Sioux City, IA soy -19 + F -19 + 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)

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