U.S. Cash Grains-Ethanol corn bids firm on slow farmer sales

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
    * 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
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)

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