US Cash Grains-Corn basis steady-firm at ethanol plants, river elevators

CHICAGO, Nov 11 (Reuters) - Spot corn basis bids were steady to higher at U.S. Midwest ethanol plants and river elevators on Tuesday as grain buyers sought fresh supplies following a slowdown in farmer selling, while bids at elevators and other processors held steady, brokers said.

• Spot soybean basis bids were mostly unchanged at interior elevators and processors around the region, and mostly steady to firm at barge-loading river terminals.

• The spot corn basis rose by 5 cents a bushel at an ethanol plant in Linden, Indiana, and by 2 cents at a Council Bluffs, Iowa, facility. Robust demand for corn to produce the biofuel has lifted bids at several locations in the past week.

• Soybean basis bids at river elevators have increased since a US-China trade agreement at the end of October that produced a vow from China, according to the White House, to resume purchases of US soy. Exporters scrambled to secure supplies, although large purchases by China have not materialized yet.

• The US corn and soybean harvests are nearly complete and many farmers are storing supplies while they wait for better prices.

• Some growers are also delaying making further marketing decisions until after Friday's U.S. Department of Agriculture supply-and-demand data. The report will provide the government's updated assessment of the U.S. harvest for the first time since early September. Its October report was canceled due to a government shutdown.

Basis values are quoted against CBOT futures in cts/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-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