US Cash Grains-Soy, corn basis bids flat to up at river terminals

CHICAGO, Oct 15 (Reuters) - Basis bids for soybeans and corn were steady to higher at river terminals in a spot check of locations in the US Midwest on Thursday. Corn bids were steady to lower at processors.

• Corn and soybean basis bids rose at a river terminal in Davenport, Iowa, and at another in Morris, Illinois.

• Corn bids dropped at a processor in Decatur, Illinois.

• US soybean futures fell for a fourth straight day on Thursday to a seven-week low as active harvesting of what is forecast to be a record US crop offset support from renewed Chinese demand, analysts said. GRA/

• Corn futures fell with a favorable harvest weather outlook.

• Mostly favorable weather was expected after midweek rain in some areas of the Midwest, according to Commodity Weather Group.

• CBOT November soybeans closed 14-1/4 cents lower at $12.63 per bushel. December corn settled 2-3/4 cents lower at $4.78 a bushel.

Basis values are quoted against CBOT futures in cents/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 on:

- 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 AM GRA/M

- US CIF/FOB Gulf Grain GRA/F