US Cash Grains-Corn basis mixed as Midwest harvest progresses

CHICAGO, Oct 12 (Reuters) - Spot basis bids for corn and soybeans were mixed in the U.S. Midwest as the harvest accelerated, dealers said.

• The corn basis rose at an Ohio elevator and Nebraska processor and fell at an Indiana ethanol plant.

• On the Chicago Board of Trade, corn futures were 1/2 cent higher to $4.94-3/4 per bushel.

• Most-active CBOT soybean futures were down 6-1/4 cents to $12.85 per bushel.

• US farmers will harvest more bushels of corn than previously expected, the US Department of Agriculture said on Friday, surprising traders who had expected production to decline following unfavorable weather.

• USDA's increased forecast knocked down US corn futures prices by their daily trading limit, at a time when farmers are grappling with soaring prices for diesel fuel and other high input costs.

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

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

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