U.S. Cash Grains-Soy bids mostly weak after farmer sales

Nov 27 (Reuters) - Soybean cash basis bids were mostly
steady to lower around the U.S. Midwest on Wednesday, pressured
by a spike in farmer sales following a two-month high in futures
prices at the Chicago Board of Trade, dealers said.
    * Bids eased at an elevator in Ohio, processor in Ohio and
along Midwest waterways. Both farmers and commercial elevators
increased sales in recent days as futures climbed. 
    * But an overall slow pace of sales and good demand
supported bids elsewhere, with the soy basis rising by 5 cents
per bushel at a closely monitored processor in Decatur,
	
Illinois. * The corn basis was firm along the river and at rail terminals in the eastern Midwest amid a slower pace of farmer sales and continued strong demand despite a seasonally large supply following the harvest. * Soft red winter wheat bids jumped 10 cents in Toledo, Ohio, with U.S. wheat priced competitively in global export markets. * Many processors and elevators closed early on Wednesday and will remain closed until early on Friday in observance of the U.S. Thanksgiving Day holiday. Basis values are quoted against CBOT futures in cts/bu: Current Previous Bid Bid Chicago, Illinois 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 +5 + Z UNC Wheat processors -10 + Z -10 + Z UNC Decatur IL corn +15 + Z +15 + Z UNC Decatur IL soybeans +20 + F +15 + F UP 5 Burns Harbor IN -24 + Z -24 + Z UNC corn Burns Harbor IN soy -20 + F -20 + F UNC Lafayette IN soy +0 + F +0 + F UNC Toledo OH (port) Corn -17 + H -17 + H UNC Soy +0 + F +6 + F DN 6 SRW wheat -3 + Z -13 + Z UP 10 Davenport IA (river) Corn +2 + Z +0 + Z UP 2 Soy -10 + H -8 + H DN 2 Evansville IN (rail)
15-car CSX corn +14 + Z +8 + Z UP 6 Cincinnati OH (rail) 3-car corn +6 + Z +0 + Z UP 6 Hereford TX corn +95 + H +95 + H UNC Columbus OH (rail) 3-car corn +6 + Z +0 + Z UP 6 Morris IL (river) Corn -7 + Z -7 + Z UNC Soybeans +3 + F +5 + F DN 2 Fort Worth TX corn +120 + H +120 + H UNC 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 -22 + F -19 + F DN 3 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 Michael Hirtzer in Chicago; Editing by Diane Craft)

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