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US Cash Grains-Corn, soy basis mostly steady-weak on harvest pressure



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CHICAGO, Oct 4 (Reuters) -Basis bids for corn and soybeans were mostly steady to weaker in the U.S. Midwest on Friday, pressured in some locations by harvest activity and farmer selling, grain dealers said.

* A few showers crossed eastern Illinois and Indiana on Friday, but elsewhere in the Midwest "mild dry weather favors crop maturation and harvesting," the USDA said in a daily weather note.

* The spot corn basis fell by 10 cents a bushel at a Cedar Rapids, Iowa, processing site as premiums for pre-harvest deliveries expired. But the basis improved by a penny at a Cincinnati, Ohio, elevator.

* The soybean basis fell by 5 cents at Savanna, Illinois, where grain is loaded onto barges for shipment on the Mississippi River toward Gulf exporters.

* On the Chicago Board of Trade, corn Cv1 and soybean Sv1 futures declined, following as wheat futures Wv1 fell by more than 2% and the dollar climbed to its highest level since August after data showed the U.S. economy added far more jobs than expected in September. GRA/

* A firmer dollar tends to make U.S. grains less competitive globally.


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

ELEVATORS











CORN




SOYBEANS




CINCINNATI OH

-49

+

Z

UP 1


-58

+

X

DN 1

BURNS HARBOR IN

UNQ



UNC


UNQ



UNC

DECATUR IN

UNQ



UNC






DES MOINES IA




UNQ



UNC

LINCOLN NE

-25

+

Z

UNC
















PROCESSORS











CORN





SOYBEANS




DECATUR IL

-21

+

Z

UNC


-20

+

X

UNC

DECATUR IN






-38

+

X

UNC

MORRISTOWN IN





-40

+

X

UNC

LAFAYETTE IN






-45

+

X

UNC

CEDAR RAPIDS IA

-10

+

Z

DN 10


-55

+

X

UNC

COUNCIL BLUFFS IA






-45

+

X

UNC

LINCOLN NE






-40

+

X

UNC

BLAIR NE

-5

+

Z

UNC
















RIVER TERMINALS











CORN





SOYBEANS




TOLEDO OH

-55

+

Z

UNC


-40

+

X

UNC

SENECA IL

-42

+

Z

UNC

-40

+

X

UNC

SAVANNA IL

-31

+

Z

UNC


-66

+

X

DN 5

DAVENPORT IA

-59

+

Z

UNC


-73

+

X

UNC











ETHANOL PLANTS










LINDEN IN

-45

+

Z

UNC






UNION CITY IN

-55

+

Z

UNC






ANNAWAN IL

-30

+

Z

UNC






COUNCIL BLUFFS IA

-25

+

Z

UNC
















SRW WHEAT










TOLEDO OH

-20

+

H

UNC






CINCINNATI OH

UNQ



UNC






DECATUR IN

-75

+

Z

UNC






BURNS HARBOR IN

UNQ



UNC







NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted

NC = Not comparable, DP = Delayed Price, N/A = Not available,

F = January, H = March, K = May, N = July
Q = August, U = September, X = November, Z = December

--------------------------------------------------------

LINKS: 0#USCSHGRN-PM

For U.S. forward basis spreadsheets, please click:

CORN/BASIS, SOYA/BASIS, WHEAT/BASIS, MILO/BASIS

- CBOT corn report COR/

- CBOT soybean report SOY/C

- CBOT wheat report WHE/C

- U.S. grain barge freight values BG/US

- U.S. Midwest cash grain PM GRA/PM

- U.S. CIF/FOB Gulf Grain GRA/F



Reporting by Julie Ingwersen; editing by Jonathan Oatis

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