Jan 6 (Reuters) - Corn cash basis bids were steady to
narrowly higher at U.S. Midwest ethanol plants early on Monday
after an already slow pace of farmer sales was further reduced
by heavy snowfall and near-record low temperatures, dealers
said.
* Several grain elevators, ethanol plants and soybean
processors were said to be shut down in the eastern part of the
region due to the bitter winter weather, while roads were closed
in northern Indiana, preventing workers from traveling.
* Farmer sales across the region are off to a slow start in
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the new year as snowfall limited access to on-farm storage bins
and growers delayed sales in the hopes of selling later at
higher prices.
* Corn bids were as much as 6 cents per bushel higher at an
ethanol plant in Union City, Indiana, while bids climbed 1 cent
at a closely monitored facility in Blair, Nebraska.
* Soybean bids gained 2 cents at a processor in Lincoln,
Nebraska, but eased 3 cents at a facility along the Mississippi
River in Savanna, Illinois, that is closed for the season.
* The U.S. Midwest and Plains woke up to near-record low
temperatures, raising the risk of damage to the dormant wheat
crop and stalling the movement of grain and livestock to
markets, a senior agricultural meteorologist said.
Basis values quoted against CBOT futures in cents/bushel:
CORN SOYBEANS
CINCINNATI OH -10 + H UNC +19 + H UNC
BURNS HARBOR IN -17 + H UNC -8 + H UNC
DECATUR IN -10 + H UNC
DES MOINES IA UNQ UNC
LINCOLN NE -18 + H UNC
PROCESSORS
CORN SOYBEANS
DECATUR IL +15 + H UNC +25 + H UNC
DECATUR IN +12 + H UNC
MORRISTOWN IN +20 + H UNC
LAFAYETTE IN +17 + H UNC
CEDAR RAPIDS IA +18 + H UNC -15 + H UNC
COUNCIL BLUFFS IA +0 + H UNC
LINCOLN NE -18 + H UP 2
BLAIR NE +6 + H UP 1
RIVER TERMINALS
CORN SOYBEANS
TOLEDO OH -14 + H UNC +9 + H UNC
SENECA IL -14 + H UNC +20 + H UNC
SAVANNA IL -15 + H UNC +2 + H DN 4
DAVENPORT IA -3 + H UP 1 -5 + H UNC
ETHANOL PLANTS
LINDEN IN +15 + H UNC
UNION CITY IN +6 + H UP 6
ANNAWAN IL -3 + H UNC
COUNCIL BLUFFS IA +1 + H UP 3
SRW WHEAT
TOLEDO OH -14 + H UNC
CINCINNATI OH -42 + H UNC
DECATUR IN -5 + H UNC
BURNS HARBOR IN -35 + H UNC
NOTES: 0 = Option price, UNC = Unchanged, UNQ = Unquoted,
NC = Not comparable, DP = Delayed Price, F = January, 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 Michael Hirtzer in Chicago; Editing by Jonathan
Oatis)
U.S. Cash Grains-Ethanol corn bids firm on slow farmer sales
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