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U.S. Cash Grains-Corn, soybean bids mixed ahead of USDA report

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  UNC                           
	
BURNS 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)

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