Oct 10 (Reuters) – Spot basis bids for corn and soybeans around the U.S. Midwest were mixed early on Friday in quiet trade ahead of a monthly government crop report due for release at midmorning.
* Rainy weather in the southern Corn Belt halted harvesting of corn and soybeans and slowed deliveries to elevators and processors.
* Lower futures prices limited farmer selling interest, prompting some grain merchants to firm their basis bids. Corn and soybean futures on the Chicago Board of Trade declined more than 1 percent on Friday following modest gains a day earlier.
* U.S. Department of Agriculture’s October crop supply/demand and crop production reports are scheduled to be released at noon EDT (1600 GMT).
Basis values are quoted against CBOT futures in cts/bu: CORN SOYBEANS CINCINNATI OH -55 + Z UNC -30 + X UP 5 BURNS HARBOR IN -35 + Z UNC -15 + X UNC DECATUR IN -40 + Z UNC DES MOINES IA UNQ UNC LINCOLN NE -33 + Z UNC PROCESSORS CORN SOYBEANS DECATUR IL -20 + Z UNC +0 + X UNC DECATUR IN -28 + X UNC MORRISTOWN IN -32 + X UNC LAFAYETTE IN -25 + X UP 12 CEDAR RAPIDS IA -20 + Z UNC -35 + X UNC COUNCIL BLUFFS IA -48 + X UNC LINCOLN NE -40 + X UNC BLAIR NE -10 + Z UNC RIVER TERMINALS CORN SOYBEANS TOLEDO OH -14 + Z UNC -14 + X DN 5 SENECA IL -45 + Z UP 10 -12 + X DN 2 SAVANNA IL -41 + Z UNC -25 + X UP 5 DAVENPORT IA -40 + Z UNC -16 + X UP 14 ETHANOL PLANTS LINDEN IN -10 + Z UNC UNION CITY IN -23 + Z UNC ANNAWAN IL -20 + Z UP 1 COUNCIL BLUFFS IA -45 + Z DN 3 SRW WHEAT TOLEDO OH +0 + Z UNC CINCINNATI OH UNQ Z UNC DECATUR IN -15 + Z UNCBURNS HARBOR IN -30 + Z UNC NOTES: 0 = Option price, UNC = Unchanged, UNQ = Unquoted, NC = Not comparable, DP = Delayed Price, X = November, Z = December --------------------------------------------------------------- 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 Karl Plume in Chicago; Editing by Meredith Mazzilli)