<p>CHICAGO, Jan 28 (Reuters) - Spot basis bids for corn were steady to weaker in the U.S. Midwest on Wednesday, spot checks showed, as rising Chicago Board of Trade futures appeared to spur farmer grain sales in a few areas.</p>
<ul>
<li>The basis had firmed in recent days as frigid temperatures and a massive weekend storm slowed the movement of grain into elevators and processing sites.</li>
<li>But corn bids ticked lower in a few locations by Wednesday as CBOT March corn futures  (CH26)  climbed back to $4.30 a bushel for the first time since January 12, when bearish crop reports from the U.S. Department of Agriculture had sent prices tumbling.</li>
<li>The corn basis weakened by 8 cents a bushel at a Cincinnati, Ohio, elevator and by 3 cents at a Linden, Indiana, ethanol plant.</li>
<li>The U.S. Energy Information Administration said weekly production of corn-based ethanol decreased in the week ended January 23, ahead of the winter storm, to 1.114 million barrels per day, retreating from an all-time high of 1.196 million bpd two weeks ago.  (EIA/S)</li>
<li>Ethanol stockpiles fell to 25.4 million barrels, down from a nine-month high of 25.739 million a week earlier.</li>
<li>Soybean basis bids were mixed. The basis improved by 5 cents a bushel at a crushing plant in Morristown, Indiana, but fell by 2 cents at Cincinnati.</li>
<li>Late in Wednesday’s trading session, CBOT March corn (CH26)  was up 3-1⁄4 cents at $4.29-3⁄4 a bushel, paring gains after reaching $4.33-1⁄4. CBOT March soybeans  (SH26)  were up 7 cents at $10.74-1⁄4 a bushel.  (GRA/)</li>
</ul>
<p>Basis values are quoted against CBOT futures in cts/bu:</p>
<h3>ELEVATORS</h3>
<h3>CORN                  SOYBEANS</h3>
<h3>CINCINNATI OH        +4  +  H  DN 8           +16  +  H  DN 2</h3>
<h3>BURNS HARBOR IN     UNQ        UNC            UNQ        UNC</h3>
<h3>DECATUR IN          UNQ     H  UNC            UNQ     H  UNC</h3>
<h3>DES MOINES IA       UNQ        UNC            UNQ        UNC</h3>
<h3>LINCOLN NE          -42  +  H  UNC            -55  +  H  UNC</h3>
<h3>PROCESSORS</h3>
<h3>CORN                  SOYBEANS</h3>
<h3>DECATUR IL           +3  +  H  UNC            +12  +  H  UNC</h3>
<h3>DECATUR IN                                     +5  +  H  UNC</h3>
<h3>MORRISTOWN IN                                 +10  +  H  UP 5</h3>
<h3>LAFAYETTE IN                                   +5  +  H  UNC</h3>
<h3>CEDAR RAPIDS IA     -12  +  H  UNC            -30  +  H  UNC</h3>
<h3>COUNCIL BLUFFS IA                             -40  +  H  UNC</h3>
<h3>LINCOLN NE                                    -35  +  H  UNC</h3>
<h3>BLAIR NE             -7  +  H  UNC</h3>
<h3>RIVER TERMINALS</h3>
<h3>CORN                  SOYBEANS</h3>
<h3>TOLEDO OH           +10  +  H  UNC            -10  +  H  UNC</h3>
<h3>SENECA IL           -10  +  H  UNC             -8  +  H  UNC</h3>
<h3>SAVANNA IL          -26  +  H  UNC            -51  +  H  UNC</h3>
<h3>DAVENPORT IA        -10  +  H  UNC            -16  +  H  UNC</h3>
<h3>ETHANOL PLANTS</h3>
<h3>LINDEN IN            -5  +  H  UNC</h3>
<h3>UNION CITY IN       +17  +  H  DN 3</h3>
<h3>ANNAWAN IL          -10  +  H  UNC</h3>
<h3>COUNCIL BLUFFS IA   -18  +  H  UNC</h3>
<h3>SRW WHEAT</h3>
<h3>TOLEDO OH            -5  +  H  UNC</h3>
<h3>CINCINNATI OH       UNQ        UNC</h3>
<h3>DECATUR IN          -25  +  H  UNC</h3>
<h3>BURNS HARBOR IN     UNQ        UNC</h3>
<p>NOTE: 0 = Option price, UNC = Unchanged, UNQ = Unquoted</p>
<p>NC = Not comparable, DP = Delayed price, N/A = Not available,</p>
<p>F = January, H = March, K = May, N = July Q = August, U = September, X = November, Z = December</p>
<hr/>
<h3>LINKS:  (0#USCSHGRN-PM)</h3>
<p>For U.S. forward basis spreadsheets, please click:</p>
<p>(CORN/BASIS)   (SOYA/BASIS)   (WHEAT/BASIS)   (MILO/BASIS)</p>
<ul>
<li>CBOT corn report  (COR/)</li>
<li>CBOT soybean report  (SOY/C)</li>
<li>CBOT wheat report  (WHE/C)</li>
<li>U.S. grain barge freight values  (BG/US)</li>
<li>U.S. Midwest cash grain PM  (GRA/PM)</li>
<li>U.S. CIF/FOB Gulf Grain  (GRA/F)</li>
</ul>

FTAG

VEGI

CORN

SOYB

<p>Spot basis bids for corn in the U.S. Midwest were steady to weaker as rising futures prompted farmer sales. Corn bids fell by 8 cents at a Cincinnati elevator and 3 cents at a Linden ethanol plant, while March corn futures climbed to $4.30 a bushel. Ethanol production decreased to 1.114 million barrels per day, with stockpiles down to 25.4 million barrels. Soybean basis bids were mixed, improving by 5 cents in Morristown but falling by 2 cents in Cincinnati. March corn was up 3-1/4 cents at $4.29-3/4, and March soybeans rose 7 cents to $10.74-1/4.</p>

US Cash Grains-Corn basis eases as futures climb; soy basis mixed