Dec 11 (Reuters) - Soybean cash basis bids were steady to
lower at U.S. Midwest processing plants early on Wednesday,
pressured by a recent spike in farmer sales and reduced demand
for soymeal, dealers said.
    * Bids for the oilseed fell 2 cents per bushel at processors
in Iowa and Indiana and eased 5 cents in Lincoln, Nebraska.
    * Farmers sold small portions of soybeans this week and
larger volumes last week, replenishing crushing supplies at
processors even as surging soymeal futures kept a lid of demand
for the animal feed produced by the processors.
	

		

			
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    * Still, positive crush margins and historically strong
soymeal demand continued to underpin the soybean basis.
Near-record export demand for soybeans also supported bids at
terminals along Midwest rivers.
    * Crush margins as measured by the Chicago Board of Trade
 were headed for their third straight day of gains.
    * Corn bids were steady to higher at processors, ethanol
plants and river terminals, supported by a slow pace of farmer
sales and strong demand.
    * Positive ethanol margins had many makers of the
grain-based biofuel aggressively bidding for corn. Government
data released early on Wednesday showed the U.S. ethanol grind
at 944,000 barrels per day - the largest since January 2012.
 
     
    Basis values quoted against CBOT futures in cents/bushel: 
                    CORN                   SOYBEANS             
 CINCINNATI OH       -14   +  H  UNC         -5     +  F   UNC
 BURNS HARBOR IN     -25   +  H  UNC        -20     +  F   UNC
 DECATUR IN          -20   +  H  UNC                            
 DES MOINES IA                              UNQ            UNC
 LINCOLN NE          -15   +  H  UP 1                      
                                                                
 PROCESSORS                                                     
                    CORN                   SOYBEANS             
 DECATUR IL           +0   +  H  UNC        +20     +  F   UNC
 DECATUR IN                                  -4     +  F   DN 2
 MORRISTOWN IN                               +3     +  F   DN 2
 LAFAYETTE IN                                +5     +  F   UNC
 CEDAR RAPIDS IA      +7   +  H  UNC        -15     +  F   UNC
 COUNCIL BLUFFS IA                          -20     +  F   DN 2
 LINCOLN NE                                 -20     +  F   DN 5
 BLAIR NE             +4   +  H  UP 2                           
                                                                
 RIVER TERMINALS                                                
                    CORN                   SOYBEANS             
	

		

			
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 TOLEDO OH           -15   +  H  UNC        +10     +  F   UNC
 SENECA IL           -15   +  H  UP 3       +14     +  F   UNC
 SAVANNA IL          -10   +  H  UNC        +10     +  H   UNC
 DAVENPORT IA         -4   +  H  UP 2       -11     +  H   UP 1
                                                                
 ETHANOL PLANTS                                                 
 LINDEN IN           -10   +  H  UNC                            
 UNION CITY IN        -2   +  H  UP 1                           
 ANNAWAN IL           -5   +  H  UNC                            
 COUNCIL BLUFFS IA    -5   +  H  DN 3                           
                                                                
 SRW WHEAT                                                      
 TOLEDO OH           -20   +  H  UNC                            
 CINCINNATI OH       -42   +  H  UNC                            
 DECATUR IN          -20   +  H  UNC                            
 BURNS HARBOR IN     -47   +  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 Marguerita
Choy)