ReutersReuters

Soybean bids mixed in East; flat in West

Spot basis bids for soybeans were mixed in the eastern U.S. Midwest on Friday morning, steady to firm at elevators and steady to weak at processors.

* West of the Mississippi River, the soy basis was unchanged at elevators and processors.

* Cash bids for corn held steady at interior elevators, processors and ethanol plants.

* But corn bids were steady to weak at river terminals, falling by 8 cents a bushel at a facility in Toledo, Ohio.

* Country movement of both commodities was slow.

* Grain dealers said that farmers were waiting to see if prices rally following the release of a key U.S. Agriculture Department report before making decisions about their next round of sales.

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

ELEVATORS

CORN

SOYBEANS

CINCINNATI OH

-8

+

H

UNC

+12

+

F

UP 2

BURNS HARBOR IN

-65

+

H

UNC

-65

+

F

UNC

DECATUR IN

UNQ

UNC

DES MOINES IA

UNQ

UNC

LINCOLN NE

+35

+

H

UNC

PROCESSORS

CORN

SOYBEANS

DECATUR IL

+27

+

H

UNC

+25

+

F

UNC

DECATUR IN

+7

+

F

UNC

MORRISTOWN IN

+15

+

F

UNC

LAFAYETTE IN

+10

+

F

DN 5

CEDAR RAPIDS IA

-12

+

H

UNC

-30

+

F

UNC

COUNCIL BLUFFS IA

+55

+

F

UNC

LINCOLN NE

+55

+

F

UNC

BLAIR NE

+55

+

H

UNC

RIVER TERMINALS

CORN

SOYBEANS

TOLEDO OH

-30

+

H

DN 8

-20

+

F

UNC

SENECA IL

-15

+

H

UNC

+2

+

F

UNC

SAVANNA IL

-28

+

H

UNC

-36

+

F

UNC

DAVENPORT IA

-10

+

K

NC

-5

+

K

NC

ETHANOL PLANTS

LINDEN IN

+10

+

H

UNC

UNION CITY IN

+14

+

H

UNC

ANNAWAN IL

-4

+

H

UNC

COUNCIL BLUFFS IA

+48

+

H

UNC

SRW WHEAT

TOLEDO OH

-45

+

H

UNC

CINCINNATI OH

UNQ

UNC

DECATUR IN

-40

+

H

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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