US Cash Grains-Soy basis bids slip at some Midwest processors

CHICAGO, March 5 (Reuters) - Basis bids were lower for soybeans at some processing facilities in the U.S. Midwest on Thursday following recent sales by farmers, dealers said.

• Bids were largely steady to higher for corn at grain elevators and processors.

• Soy basis bids eased at processors in Decatur, Illinois, and Council Bluffs, Iowa, and were mixed at river terminals.

• At a river terminal in Seneca, Illinois, soy and corn basis bids edged up for delivery by March 15.

• Farmer sales have picked up as futures prices have improved, dealers said.

• Chicago Board of Trade May corn CK26 futures reached their highest level since January 12. May soybeans SK26 were near a contract high reached on Monday.

Basis values are quoted against CBOT futures in cts/ bu:

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