<div id="readability-page-1"><div> Spot basis bids for corn and soybeans were largely steady in the U.S. Midwest on Friday as a massive winter storm began to disrupt grain handling, dealers said.<ul><li>The bean basis eased by 5 cents a bushel at a rail facility in Evansville, Indiana, and was unchanged elsewhere.</li><li>Ice, cold temperatures and heavy snowfall could complicate logistics and run times at grain processing facilities over the next few day, a dealer said. Truck traffic slowed down in some areas due to severe weather, he added.</li><li>Farmer selling has been sluggish since the U.S. Department of Agriculture on January 12 issued larger-than-expected U.S. production and carryover estimates for corn and soybeans.</li><li>Corn and soy basis bids should remain largely steady to firm until farmers become more active sellers or there is a rally in futures prices, a broker said.</li><li>Chicago Board of Trade corn and soy futures edged up on Friday. </li><li>Large speculators increased their net short position in CBOT corn futures in the week to January 20, regulatory data showed.</li></ul> Basis values are quoted against CBOT futures in cents/bu:<div><table><tbody><tr><td></td><td>Current</td><td></td><td></td><td colspan="2">Previous</td><td></td><td></td></tr><tr><td></td><td>Bid</td><td></td><td></td><td>Bid</td><td></td><td></td><td></td></tr><tr><td>Chicago, Illinois</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Corn processors </td><td>-5</td><td>+</td><td>H</td><td>-5</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Corn elevators</td><td>+10</td><td>+</td><td>H</td><td>+10</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Soybean elevators</td><td>-20</td><td>+</td><td>H</td><td>-20</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Wheat elevators</td><td>-15</td><td>+</td><td>H</td><td>-15</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Wheat processors</td><td>-12</td><td>+</td><td>H</td><td>-12</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Decatur IL corn</td><td>+3</td><td>+</td><td>H</td><td>+3</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Decatur IL soybeans</td><td>+5</td><td>+</td><td>H</td><td>+5</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Burns Harbor IN corn</td><td>UNQ</td><td></td><td></td><td>UNQ</td><td></td><td></td><td>UNC</td></tr><tr><td>Burns Harbor IN soy</td><td>UNQ</td><td></td><td></td><td>UNQ</td><td></td><td></td><td>UNC</td></tr><tr><td>Lafayette IN soy</td><td>+5</td><td>+</td><td>H</td><td>+5</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Toledo OH (port)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Corn</td><td>+10</td><td>+</td><td>H</td><td>+10</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Soy</td><td>-10</td><td>+</td><td>H</td><td>-10</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>SRW wheat</td><td>+0</td><td>+</td><td>H</td><td>+0</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Davenport IA (river)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Corn</td><td>-10</td><td>+</td><td>H</td><td>-10</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Soy</td><td>-16</td><td>+</td><td>H</td><td>-16</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Evansville IN (rail)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>15-car CSX corn</td><td>+15</td><td>+</td><td>H</td><td>+20</td><td>+</td><td>H</td><td>DN 5</td></tr><tr><td>Cincinnati OH (rail)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3-car corn</td><td>UNQ</td><td></td><td></td><td>UNQ</td><td></td><td></td><td>UNC</td></tr><tr><td>Hereford TX corn</td><td>+95</td><td>+</td><td>H</td><td>+95</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Columbus OH (rail)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>3-car corn</td><td>UNQ</td><td></td><td></td><td>UNQ</td><td></td><td></td><td>UNC</td></tr><tr><td>Morris IL (river)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Corn</td><td>-10</td><td>+</td><td>H</td><td>-10</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Soybeans</td><td>-8</td><td>+</td><td>H</td><td>-8</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Fort Worth TX corn</td><td>+95</td><td>+</td><td>H</td><td>+95</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Blair NE corn</td><td>-7</td><td>+</td><td>H</td><td>-7</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Council Bluffs, IA (elevator)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Corn</td><td>-16</td><td>+</td><td>H</td><td>-16</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Soy</td><td>-62</td><td>+</td><td>H</td><td>-62</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Des Moines IA soy</td><td>-35</td><td>+</td><td>H</td><td>-35</td><td>+</td><td>H</td><td>UNC</td></tr><tr><td>Sioux City IA soy</td><td>-30</td><td>+</td><td>H</td><td>-30</td><td>+</td><td>H</td><td>UNC</td></tr></tbody></table></div> 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-AM) For U.S. forward basis spreadsheets, please click on: (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 </div></div>

Spot basis bids for corn and soybeans in the U.S. Midwest remained mostly steady as a winter storm disrupted grain handling. The bean basis fell by 5 cents at a rail facility in Indiana, while other locations remained unchanged. Severe weather has slowed truck traffic, complicating logistics. Farmer selling has been slow since the USDA's production estimates. Basis bids are expected to stay steady until farmers sell more actively or futures prices rise. Chicago Board of Trade corn and soy futures saw slight increases on Friday, with large speculators increasing their net short position in corn futures.

Reuters

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Corn, soy basis bids mostly flat as winter storm strikes