US Cash Grains-Corn, soybean basis steady to weaker at river terminals, processors, ethanol plants

CHICAGO, July 30 (Reuters) - Basis bids for corn and soybeans were mostly steady to weaker at elevators, processors, river terminals and ethanol plants in a spot check of facilities in the U.S. Midwest on Wednesday, as Midwest weather remained non-threatening and farmers attempted to liquidate old crops.

• The corn basis fell at ethanol plants in Union City Indiana and Annawan, Illinois. It also fell at a river terminal in Seneca, Illinois.

• The soybean basis fell at a river terminal in Davenport, Iowa and processors in Decatur, Indiana and Cedar Rapids, Iowa.

• Farmers were attempting to clear their storage in order to make room for newly harvested crops, according to dealers.

• Non-threatening weather in the Midwest in the coming weeks, including periodic showers and milder temperatures, is expected to benefit soybean and corn crops.

• As of 12:56 p.m. CDT (1756 GMT), CBOT September corn futures CU25 were up 2-3/4 cents at $3.92 a bushel and new-crop December corn CZ25 was up 1-1/2 cents at $4.12-1/2 a bushel.

• CBOT August soybeans SQ25 were down 11-1/4 cents at $9.70-1/2 a bushel and the new-crop November contract SX25 was down 11 cents at $9.98-1/2.

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: 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