ReutersReuters

Processor, river bids for corn rise; sales slow

Spot basis bids for corn rose at U.S. Midwest processors and river elevators on Thursday morning as grain dealers tried to entice farmers to move supplies out of storage bins after weeks of slow sales.

* But country movement of corn remained light, with cash prices below growers' targets.

* The corn basis was flat at the region's interior elevators and mixed at ethanol plants, dealers said.

* The soybean basis was weak at interior elevators, particularly in the eastern half of the region, mixed along rivers, and steady to firm at processors.

* Soybean sales slowed after dealers a flurry of deals earlier in the week, an Iowa dealer said.

* Dealers continued to roll their corn bids to the Chicago Board of Trade March futures contract (CH3) from the December contract (CZ3).

Basis values are quoted against CBOT futures in cts/bu:

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

-3

+

Z

UNC

+0

+

F

DN 8

BURNS HARBOR IN

-50

+

H

NC

-35

+

F

DN 5

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

+40

+

H

NC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

+27

+

H

NC

+25

+

F

UP 5

DECATUR IN

+7

+

F

UNC

MORRISTOWN IN

+25

+

F

UNC

LAFAYETTE IN

+20

+

F

UNC

CEDAR RAPIDS IA

+3

+

H

UP 3

-10

+

F

UNC

COUNCIL BLUFFS IA

+55

+

F

UNC

LINCOLN NE

+65

+

F

UNC

BLAIR NE

+65

+

Z

UP 1

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

-30

+

H

UP 10

-25

+

F

DN 5

SENECA IL

-15

+

Z

UNC

+0

+

F

UNC

SAVANNA IL

-26

+

Z

UP 10

-23

+

F

UP 28

DAVENPORT IA

-20

+

Z

UNC

-5

+

F

UP 5

ETHANOL PLANTS

LINDEN IN

+10

+

H

UNC

UNION CITY IN

+14

+

H

UNC

ANNAWAN IL

-6

+

H

UP 2

COUNCIL BLUFFS IA

+55

+

H

DN 5

SRW WHEAT

TOLEDO OH

-45

+

H

UP 5

CINCINNATI OH

UNQ

UNC

DECATUR IN

-30

+

N

UNC

BURNS HARBOR IN

UNQ

UNC

NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted

NC = Not comparable, DP = Delayed Price, N/A = Not available,

F = January, H = March, K = May, N = July

Q = August, U = September, X = November, Z = December

--------------------------------------------------------

LINKS: (0#USCSHGRN-PM)

For U.S. forward basis spreadsheets, please click:

(CORN/BASIS), (SOYA/BASIS), (WHEAT/BASIS), (MILO/BASIS)

- CBOT corn report

- CBOT soybean report

- CBOT wheat report

- U.S. grain barge freight values

- U.S. Midwest cash grain AM

- U.S. CIF/FOB Gulf Grain

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