CIF Gulf Grain-Corn, soy bids steady to firm on slow loadings
Dec 10 (Reuters) - Basis bids for corn and soybeans shipped
by barge to the U.S. Gulf Coast were steady to firm early on
* Spot CIF bids for wheat were steady but bids for deferred
* Dealers said the cold snap and snow that hit the U.S.
Midwest during the last few days was causing some delays in
moving grain from terminals onto the barges.
* More time than usual was needed to clear ice from grain
chutes and prevent accidents.
* A dealer on the lower Ohio River said workers at his
facility loaded just three barges on Monday, below expectations
for six or seven.
* Traffic was moving nicely on rivers once the barges were
loaded due to rising water levels, the dealer added.
* CIF basis bids for soybean barges loaded in December were
105 cents over Chicago Board of Trade January futures,
unchanged from Monday afternoon. First-half January loadings
also were bid at a 105 over, 1 cent higher than Monday