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US Cash Grains-Soybean, corn basis steady-weak after farmer sales



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CHICAGO, Oct 3 (Reuters) -Basis bids for corn eased at grain elevators and ethanol plants in the U.S. Midwest on Thursday as farmers were harvesting crops and booking sales, traders said.

* The soy basis was also steady to lower.

* The corn basis fell by 5 cents per bushel at a processor in Blair, Nebraska. Ethanol plants in Indiana and Illinois lowered their bids by 5 cents to 8 cents.

* On the Chicago Board of Trade, corn Cv1 futures pulled back after rising on Wednesday to their highest level in more than three months. Soybean futures Sv1 also eased from recent gains that encouraged farmer selling, traders said.


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

ELEVATORS











CORN




SOYBEANS



CINCINNATI OH

-50

+

Z

DN 1


-57

+

X

DN 2

BURNS HARBOR IN

UNQ



UNC


UNQ



UNC

DECATUR IN

UNQ



UNC






DES MOINES IA




UNQ



UNC

LINCOLN NE

-25

+

Z

DN 3
















PROCESSORS











CORN





SOYBEANS



DECATUR IL

-21

+

Z

UNC


-20

+

X

UNC

DECATUR IN






-38

+

X

UNC

MORRISTOWN IN





-40

+

X

UNC

LAFAYETTE IN






-45

+

X

UNC

CEDAR RAPIDS IA

+0

+

Z

UNC


-55

+

X

UNC

COUNCIL BLUFFS IA






-45

+

X

UNC

LINCOLN NE






-40

+

X

UNC

BLAIR NE

-5

+

Z

DN 5
















RIVER TERMINALS











CORN





SOYBEANS



TOLEDO OH

-55

+

Z

UNC


-40

+

X

UNC

SENECA IL

-42

+

Z

UNC

-40

+

X

UNC

SAVANNA IL

-31

+

Z

UNC


-61

+

X

UNC

DAVENPORT IA

-59

+

Z

UNC


-73

+

X

DN 8











ETHANOL PLANTS










LINDEN IN

-45

+

Z

UNC






UNION CITY IN

-55

+

Z

DN 5






ANNAWAN IL

-30

+

Z

DN 8






COUNCIL BLUFFS IA

-25

+

Z

UNC
















SRW WHEAT










TOLEDO OH

-20

+

H

UNC






CINCINNATI OH

UNQ



UNC






DECATUR IN

-75

+

Z

UNC






BURNS HARBOR IN

UNQ



UNC






NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted

NC = Not comparable, DPI = 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 COR/

- CBOT soybean report SOY/C

- CBOT wheat report WHE/C

- U.S. grain barge freight values BG/US

- U.S. Midwest cash grain PM GRA/PM

- U.S. CIF/FOB Gulf Grain GRA/F



Reporting by Tom Polansek; Editing by Richard Chang

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