US Cash Grains-Corn, soy bids mostly flat to higher

CHICAGO, Oct 16 (Reuters) - Spot basis bids for corn and soybeans were largely steady to up on Friday at elevators, processors and river terminals in a spot check of locations in the U.S. Midwest, as futures fell.

• Soybean basis bids rose at processors in Decatur, Illinois, Decatur, Indiana and Lafayette, Indiana, and a river terminal in Seneca, Illinois.

• The corn basis strengthened at a processing plant in Decatur, Illinois and elevator in Blair, Nebraska.

• Corn edged down to hold near a seven-week low from last Friday when an unexpected increase to the US Department of Agriculture's harvest forecast dampened sentiment. GRA/

• Soybean futures extended losses to a new seven-week low as an advancing US harvest, expected to bring a record volume, took attention away from renewed Chinese purchases.

• A drier break in the weather in the US Midwest until the 6-10 day period is expected to improve the pace of the harvest.

• CBOT most active soybeans fell 1-3/4 cents to $12.61-1/4 a bushel at 12:55 p.m. CDT (1755 GMT). Most active corn dropped 3-1/4 cents to $4.74-3/4 per bushel.

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