U.S. Cash Grains-Soy bids mixed on sales pickup, good demand

Jan 16 (Reuters) - Soybean spot basis bids were steady to
mixed at U.S. Midwest processors and river terminals on Thursday
as pressure from a spike in farmer sales and higher futures was
offset by support from good crusher and exporter demand, dealers
said.
    * Corn bids were also flat to narrowly mixed amid increased
farmer sales and deliveries.
    * Futures for each crop were hovering near the highest
levels in more than three weeks at the Chicago Board of Trade.
The jump in futures coupled with warmer temperatures this week
resulted in the largest influx of farmer deliveries so far this
	
year. * Still, profitable margins for processors and grain handlers as well as a slow pace of farmer sales in the final weeks of last year has bolstered the corn and soybean basis despite the pickup in country movement. * The U.S. Agriculture Department on Thursday pegged export sales of both commodities above analyst expectations last week, which propped up futures in early activity. * Soybean bids weakened by 5 cents per bushel at processors in Illinois and Iowa but rose at a crushing plant in Indiana and along the Illinois River. Corn bids eased at a ethanol plant in western Iowa but firmed at a corn mill in eastern Nebraska. Basis values quoted against CBOT futures in cents/bushel: CORN SOYBEANS CINCINNATI OH -10 + H UNC +19 + H UNC BURNS HARBOR IN -15 + 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 +6 + H UNC +30 + H DN 5 DECATUR IN +15 + H UP 3 MORRISTOWN IN +25 + H UNC LAFAYETTE IN +25 + H UNC CEDAR RAPIDS IA +14 + H UNC -15 + H DN 5 COUNCIL BLUFFS IA -8 + H UNC LINCOLN NE -8 + H UNC BLAIR NE -3 + H UP 1 RIVER TERMINALS CORN SOYBEANS
TOLEDO OH -13 + H UNC +13 + H UNC SENECA IL -17 + H UP 1 +31 + H UP 4 SAVANNA IL -12 + H UNC +2 + H UNC DAVENPORT IA -3 + H UNC -5 + H DN 2 ETHANOL PLANTS LINDEN IN -2 + H UNC UNION CITY IN -2 + H UNC ANNAWAN IL -7 + H DN 1 COUNCIL BLUFFS IA -14 + H DN 2 SRW WHEAT TOLEDO OH -10 + 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, 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 Sophie Hares)

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