US Cash Grains-Corn, soybean bids flat to down at processors, river terminals

CHICAGO, Aug 7 (Reuters) - Basis bids for corn and soybeans were steady to lower at processors and river terminals in a spot check of locations in the U.S. Midwest on Thursday, with farmers clearing space for what are expected to be large crops.

• The corn basis fell 2 cents at a processor in Decatur, Illinois and a river terminal in Davenport, Iowa.

• The soybean basis dropped 5 cents at a processor in Lafayette, Indiana and another in Council Bluffs, Iowa.

• Farmers are busy clearing their bins of old crop corn ahead of the new crop harvest, according to analysts.

• Weekly U.S. export sales, reported by the U.S. Department of Agriculture on Thursday, showed wheat, corn and soybean volumes above market estimates.

• The U.S. is expected to produce bumper corn and soy harvests later in the year. Analysts polled by Reuters think the U.S. Department of Agriculture will raise its estimates in a monthly report due on August 12.

• As of 12:04 p.m. CST (1704 GMT) CBOT September corn futures CU25 were up 5-3/4 cents at $3.85-1/2 a bushel and new-crop December corn CZ25 was up 6-1/2 cents at $4.07-3/4 a bushel.

• CBOT August soybeans SQ25 rose 8-1/4 cents to $9.69-3/4 a bushel and the new-crop November contract SX25 was up 8-1/2 cents at $9.74.

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