US Cash Grains-Soy basis steady-firmer; corn bids mixed

CHICAGO, Oct 7 (Reuters) - Spot basis bids for soybeans were steady-to-stronger at soy processing facilities and river elevators in the U.S. Midwest on Tuesday, spot checks showed, while a round of showers briefly interrupted the ongoing harvest.

• The soybean basis improved by 5 cents a bushel at crushing sites in Lafayette and Morristown, Indiana, and by 3 cents at Davenport, Iowa, where grain is loaded onto barges for shipment on the Mississippi River toward Gulf exporters.

• Corn basis bids were mixed. The basis fell by 13 cents a bushel at Decatur, Illinois, a processing hub, and by 7 cents at a Linden, Indiana, ethanol plant.

• But, the basis improved by a few cents at an Annawan, Illinois, ethanol site, at a Cincinnati, Ohio, terminal elevator and at Midwest river elevators, reflecting cheaper barge freight costs.

• While the harvest of both crops has been expanding, some producers are expected to store their grain and hold out for higher prices.

• The U.S. soybean harvest was 39% complete and the corn harvest was 29% complete by Sunday, according to analysts, though weekly U.S. Department of Agriculture data was not published on Monday due to a partial government shutdown.

• The administration of U.S. President Donald Trump is set to announce a plan this week worth as much as $15 billion to bail out U.S. farmers hurt by trade tensions that have curbed soybean export sales.

• At mid-session, Chicago Board of Trade December corn futures CZ25 were down 1-1/2 cents at $4.20-1/4 per bushel while November soybean futures SX25 were up 3 cents at $10.20-3/4 a bushel. GRA/

Basis values are quoted against CBOT futures in cents/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: 0#USCSHGRN-AM

For U.S. forward basis spreadsheets, please click on:

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 AM GRA/M

- U.S. CIF/FOB Gulf Grain GRA/F