US Cash Grains-Soybean basis firm at processors, river elevators

CHICAGO, Oct 24 (Reuters) - Spot cash soybean basis bids were steady to higher at U.S. Midwest processing plants and river elevators on Friday on strong demand and slow farmer sales as futures eased.

• Spot corn basis bids were mostly unchanged to slightly lower, weighed down by improved supplies following a moderate increase in farmer sales this week.

• Chicago Board of Trade corn Cv1 and soybean Sv1 futures retreated on Friday morning after hitting five-week highs.

• Soybean bids at processing plants have improved as crush plants ramped up operations following seasonal pre-harvest maintenance. U.S. crush capacity has risen as processors have opened new facilities and expanded existing ones amid strong demand for soyoil from biofuel makers.

• A large processor in Decatur, Illinois, raised its spot soybean basis bid by 8 cents a bushel on Friday morning.

• Soy bids gained at barge-loading river elevators on good export demand from some countries other than China. Hopes for a breakthrough in U.S.-China trade talks also underpinned bids.

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

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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