US Cash Grains-Corn, soybean bids flat to down at processors, ethanol plants

CHICAGO, Aug 8 (Reuters) - Basis bids for corn and soybeans were steady to lower at processors and ethanol plants in a spot check of locations in the U.S. Midwest on Friday, as farmers made space in their storage bins ahead of the autumn harvest and futures eased.

• The corn basis fell 2 cents each at ethanol plants in Union City, Indiana, Annawan, Illinois, and Council Bluffs, Iowa.

• The soybean basis dropped 5 cents each at processors in Morristown, Indiana, and Cedar Rapids, Iowa.

• The United States 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 1:18 p.m. CST (1818 GMT) CBOT September corn futures CU25 were down 1-1/2 cents at $3.83 a bushel and new-crop December corn CZ25 was down 1-1/4 cents at $4.05-3/4 a bushel.

• CBOT August soybeans SQ25 fell 5 cents to $9.66-3/4 a bushel and the new-crop November contract SX25 was down 6-3/4 cents at $9.87 a bushel.

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