Nov 18 (Reuters) - Spot cash basis bids for corn firmed at
processor and river terminals in the eastern U.S. Midwest on
Monday, reflecting a lack of farmer offerings, grain dealers
said.
    * Soybean basis bids were little changed after falling in
several locations on Friday.
    * Producers continued to store most of their freshly
harvested corn and hold out for higher prices, eyeing premiums
for deferred Chicago Board of Trade futures contracts.
    * Monday's plunge in most CBOT corn contracts to
life-of-contract lows added to their reluctance to sell.
    * One cash grain broker said of the projected record-large
	

		

			
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U.S. corn harvest: "It's there, but you can't touch it."
    * An exception to the firm trend was Blair, Nebraska, where
the corn basis fell by 5 cents.
    * After the close, the USDA said the U.S. corn harvest was
91 percent complete, up from 84 percent a week earlier and ahead
of the five-year average of 86 percent. 
    * USDA said the soybean harvest was 95 percent finished, up
from 91 percent the previous week and near the five-year average
of 96 percent. 
    * USDA rated 63 percent of the U.S. winter wheat crop as
good to excellent, down from 65 percent a week earlier. 
    * At the CBOT, corn futures fell to a fresh three-year
low on a proposal to lower the use of corn-based ethanol in the
United States and news China rejected a cargo of U.S. corn which
contained a genetically modified variety not approved for
import.
    * CBOT soybeans rose on bargain buying after a selloff
on Friday and on a big number for soybeans in the USDA's weekly
export inspections report.
    * CBOT wheat turned down in sympathy with corn.
    
    Basis values are quoted against CBOT futures in cts/bu:
                        Current            Previous         
                        Bid                Bid            
 Chicago                                                  
 Corn processors             +14  +  Z        +8   +  Z   UP 6
	

		

			
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 Corn elevators               -5  +  Z        -5   +  Z   UNC
 Soybean elevators            +5  +  F        +5   +  F   UNC
 Wheat elevators              +0  +  Z        +0   +  Z   UNC
 Wheat processors            -10  +  Z       -10   +  Z   UNC
 Decatur, IL corn            +10  +  Z       +10   +  Z   UNC
 Decatur, IL soybeans        +15  +  F       +15   +  F   UNC
 Burns Harbor, IN corn       -24  +  Z       -24   +  Z   UNC
 Burns Harbor, IN soy        -20  +  F       -20   +  F   UNC
 Lafayette, IN soy            +7  +  F        +7   +  F   UNC
 Toledo, OH (port)                                        
 Corn                        -17  +  Z       -20   +  Z   UP 3
 Soy                         +15  +  F       +15   +  F   UNC
 SRW wheat                   -13  +  Z       -13   +  Z   UNC
 Davenport, IA (river)                                    
 Corn                         +0  +  Z        -2   +  Z   UP 2
 Soy                          +0  +  F        +0   +  F   UNC
 Evansville, IN (rail)                                    
 15-car CSX corn              +3  +  Z        +3   +  Z   UNC
 Cincinnati, OH (rail)                                    
 3-car corn                   -5  +  Z        -5   +  Z   UNC
 Hereford, TX corn           +95  +  Z       +95   +  Z   UNC
 Columbus, OH (rail)                                      
 3-car corn                   -5  +  Z        -5   +  Z   UNC
 Morris, IL (river)                                       
 Corn                        -15  +  Z       -22   +  Z   UP 7
 Soybeans                     +7  +  F        +7   +  F   UNC
 Fort Worth, TX corn        +125  +  Z      +125   +  Z   UNC
 Blair, NE corn               +0  +  Z        +5   +  Z   DN 5
 Council Bluffs, IA (elevator)                            
 Corn                        -15  +  Z       -15   +  Z   UNC
 Soy                         -15  +  F       -12   +  F   DN 3
 Des Moines, IA soy          -30  +  X       -30   +  X   UNC
 Sioux City, IA soy          -15  +  F       -15   +  F   UNC
 NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted,
 NC = Not comparable, DP = Delayed Price, X = November,
 Z = December
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LINKS: 
For U.S. forward basis spreadsheets, please double-click on:
    
 
- CBOT corn report                          
- CBOT soybean report                      
- CBOT wheat report                        
- U.S. grain barge freight values          
- U.S. Midwest cash grain PM              
- U.S. CIF Gulf Grain                      
- U.S. FOB Gulf Grain                      

 (Reporting by Julie Ingwersen, editing by G Crosse)