U.S. Cash Grains-Soy processor bids rise; river corn bids up

Aug 21 (Reuters) – Spot soybean processor bids were steady to higher around the U.S. Midwest on Thursday amid tight old-crop soybean supplies, dealers said.

* Soybean bids continue to rise, increasing by another 10 to 25 cents per bushel at some processors around the region.

* A lack of old-crop soybeans and slow sales from farmers kept inventory levels low at some processors.

* Soybean futures on the Chicago Board of Trade ended mixed on Thursday, with front-month September continuing to gain against back months on tight U.S. old-crop supplies and strong processor demand, traders said.

* Spot corn river bids rose 1 to 4 cents on Midwest river ways, while corn bids were mostly flat at elevators and processors around the region, dealers said.

* Rains falling on Thursday in northeast and east-central Iowa should help fill corn kernels and soybean pods, adding to already bountiful harvest prospects in the top growing state, scouts said on the final day of an annual U.S. crop tour.

* Rains falling on Thursday in northeast and east-central Iowa should help fill corn kernels and soybean pods, adding to already bountiful harvest prospects in the top growing state, scouts said on the final day of an annual U.S. crop tour.

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

                     Current         Previous          
                     Bid             Bid               
 Chicago, Illinois                                     
 Corn processors      +25   +  U           +25   +  U  UNC
 Corn elevators        +0   +  U            +0   +  U  UNC
 Soybean elevators   +175   +  X          +175   +  X  UNC
 Wheat elevators       -5   +  U            -5   +  U  UNC
 Wheat processors     -10   +  U           -10   +  U  UNC
 Decatur IL corn      +40   +  U           +40   +  U  UNC
 Decatur IL          +310   +  X          +290   +  X  UP 20
 soybeans                                              
 Burns Harbor IN       -8   +  U            -8   +  U  UNC
 corn                                                  
 Burns Harbor IN     +175   +  X          +175   +  X  UNC
 soy                                                   
 Lafayette IN soy    +265   +  X          +265   +  X  UNC
 Toledo OH (port)                                      
	
Corn -3 + U -3 + U UNC Soy +170 + X +170 + X UNC SRW wheat +15 + U +15 + U UNC Davenport IA (river) Corn +10 + U +9 + U UP 1 Soy +115 + X +115 + X UNC Evansville IN (rail) 15-car CSX corn +12 + U +12 + U UNC Cincinnati OH (rail) 3-car corn -3 + U -3 + U UNC Hereford TX corn +115 + U +115 + U UNC Columbus OH (rail) 3-car corn +10 + U +10 + U UNC Morris IL (river) Corn +16 + U +12 + U UP 4 Soybeans +240 + X +215 + X UP 25 Fort Worth TX corn +120 + U +120 + U UNC Blair NE corn +0 + U +0 + U UNC Council Bluffs, IA (elevator) Corn -4 + U -4 + U UNC Soy +100 + X +100 + X UNC Des Moines IA soy UNQ UNQ UNC Sioux City IA soy +250 + X +240 + X UP 10 NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted, NC = Not comparable, DP = Delayed Price, U = September, X = November ---------------------------------------------------------------- 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 Diane Craft)

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