US Cash Grains-Corn bids steady to higher at elevators, river terminals, ethanol plants

CHICAGO, Oct 15 (Reuters) - Spot basis bids for corn were steady to higher on Thursday at elevators, river terminals and ethanol plants, while soybean bids were steady to mixed at processors and river terminals.

• Corn basis bids rose at a river terminal in Davenport, Iowa, an elevator in Cincinnati, Ohio and an ethanol plant in Annawan, Illinois.

• The soybean basis softened at a processing plant in Decatur, Indiana but strengthened at a processor in Lafayette, Indiana. Meanwhile, they fell at a river terminal in Savanna, Illinois and rose at another in Davenport, Illinois.

• CBOT soybean futures extended their decline on Thursday as traders assessed progress in harvesting what is forecast to be a record US crop offset support from renewed Chinese demand, analysts said. GRA/

• Harvesting was 46% complete for soybeans and 33% complete for corn as of Sunday, the US Department of Agriculture said on Tuesday. Harvest progress remained below average for both crops after rain interrupted field work in late September.

• The Midwest harvest pace is expected to pick up after Thursday, according to forecaster Commodity Weather Group.

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

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

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LINKS:

For US forward basis spreadsheets, please click:

- CBOT corn report COR/

- CBOT soybean report SOY/C

- CBOT wheat report WHE/C

- US grain barge freight values BG/US

- US Midwest cash grain PM GRA/PM

- US CIF/FOB Gulf Grain GRA/F