April 25 (Reuters) - Corn spot basis bids held mostly steady
at processors and elevators around the U.S. Midwest on Friday as
rainy conditions stalled planting in the Eastern Corn Belt,
grain merchants said. 
    * "These weather conditions certainly are not ideal," a
Chicago-based grain trader said. 
    * Corn basis bids firmed by 1 cent per bushel at an terminal
on the Illinois River and by 2 cents per bushel at an elevator
in Council Bluffs, Iowa.
    * U.S. corn futures rose on Friday on concerns that storms
forecast across the Midwest and colder-than-normal temperatures
	

		

			
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will cause further delays to planting, traders said. 
    * Grain merchants noted light farmer sales of corn early on
Friday as CBOT corn futures firmed but trade was largely quiet
in the later in the day, dealers said.
    * Soybean basis bids firmed by 6 cents per bushel at a
Chicago elevator and by 3 cents per bushel at a Council Bluffs,
Iowa elevator, but held mostly steady at other elevators and
processors around the region. 
    * U.S. soybean futures rose on Friday as investors rebuilt
bull spreads due to tight U.S. supplies, traders said. 
    * Farmers held off on selling the remainder of old-crop
supplies even as CBOT soybeans rallied, dealers said.      
    
    Basis values are quoted against CBOT futures in cts/bu:
    
    
                       Current             Previous         
                       Bid                 Bid            
 Chicago, Illinois                                        
 Corn processors            +4   +  K       +4     +  K   UNC
 Corn elevators             +2   +  K       +2     +  K   UNC
 Soybean elevators         +10   +  K       +4     +  K   UP 6
 Wheat elevators            +0   +  K       +0     +  K   UNC
 Wheat processors          +15   +  K      +15     +  K   UNC
 Decatur IL corn           +12   +  K      +12     +  K   UNC
 Decatur IL soybeans       +30   +  K      +30     +  K   UNC
 Burns Harbor IN corn      -16   +  K      -16     +  K   UNC
 Burns Harbor IN soy       +10   +  K      +10     +  K   UNC
 Lafayette IN soy          +40   +  K      +40     +  K   UNC
 Toledo OH (port)                                         
 Corn                      -17   +  K      -17     +  K   UNC
 Soy                       +20   +  K      +20     +  K   UNC
	

		

			
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 SRW wheat                  -8   +  N       -8     +  N   UNC
 Davenport IA (river)                                     
 Corn                       +0   +  K       +0     +  K   UNC
 Soy                        -9   +  K       -9     +  K   UNC
 Evansville IN (rail)                                     
                                                          
 15-car CSX corn            +0   +  K       +0     +  K   UNC
 Cincinnati OH (rail)                                     
 3-car corn                -10   +  K      -10     +  K   UNC
 Hereford TX corn          +82   +  K      +82     +  K   UNC
 Columbus OH (rail)                                       
 3-car corn                -12   +  K      -12     +  K   UNC
 Morris IL (river)                                        
                                                          
 Corn                       +3   +  K       +2     +  K   UP 1
 Soybeans                   +2   +  K       +2     +  K   UNC
 Fort Worth TX corn        +95   +  K      +95     +  K   UNC
 Blair NE corn              -5   +  K       -5     +  K   UNC
 Council Bluffs, IA (elevator)                            
 Corn                       -8   +  K      -10     +  K   UP 2
 Soy                        +0   +  K       -3     +  K   UP 3
 Des Moines IA soy         UNQ             UNQ            UNC
 Sioux City IA soy         -18   +  K      -18     +  K   UNC
 
NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted,
NC = Not comparable, DP = Delayed Price, K = May, N = July
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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 Meredith Davis in Chicago; Editing by David
Gregorio)