MIDWEST CASH GRAIN - MODEST MOVEMENT, BIDS FIRM
Country movement of corn and soybeans
increased modestly this morning, and basis bids were steady to
higher, cash grain dealers said.
    Basis bids firmed in response to lower rates for barge
freight, traders said, noting that the Ohio River is swelling
with snow runoff, discouraging barge loadings because of the
high water levels.
    Moderate bookings continued in new crop soybeans, mostly
for January 1988 delivery, with farmers pricing at least a
portion of their crop at five dlrs a bushel or better when bids
emerge at that level, they said.
    Movement in Iowa was expected to slow considerably in the
next few days, as farmers are beginning field work, they said.
    Dealers bid 104 and offered 106 pct for PIK certificates.
                  CORN             SOYBEANS
 TOLEDO         5 UND MAY UP 1   2 UND MAY UNC
 CINCINNATI     1 OVR MAY UP 2   3 OVR MAY UP 2
 NEW HAVEN     12 UND MAY UNC    4 UND MAY UNC
 N.E. INDIANA  11 UND MAY UNC    MAY PRICE UNC
 CHICAGO        4 UND MAY UNC    3 UND MAY UP 2
 PEKIN          2 UND MAY UP 1   2 UND MAY UP 1
 DECATUR        1 UND MAY UNC    2 OVR MAY UNC
 DAVENPORT      3 UND MAY UP 3   4 UND MAY UP 1
 CEDAR RAPIDS   9 UND MAY UP 1  14 UND MAY UP 1
                  HRW WHEAT
 TOLEDO  58 LB 25 OVR MAY UNC
 CHICAGO 57 LB 35 OVR MAY UNC
 CINCINNATI DP 10 OVR MAY UNC
 NE INDIANA DP 10 OVR MAY UNC
 PIK CERTIFICATES - 104 PCT BID/106 PCT OFRD UNC
 NC - NO COMPARISON  UA - UNAVAILABLE
 UNC - UNCHANGED DP - DELAYED PRICING

 Reuter
