US Cash Grains-Soy basis firmer at rivers, crushing sites

CHICAGO, May 1 (Reuters) - Basis bids for soybeans were mostly steady to stronger in the U.S. Midwest on Friday, improving at river elevators and a processing site, spot checks showed.

• Attractive crush margins, topping $3 per bushel in some cases, have encouraged soybean processors to sweeten their bids to secure fresh supplies to crush.

• The Chicago Board of Trade July board crush SMSIN26-BON26-SN26, one indication of soy processors' profit margins, was last up 3 cents at $3.29 per bushel of soybeans.

• Basis bids for corn were mostly steady, with only a few mixed changes.

• Farmers have been planting corn and soybeans at a faster-than-average pace, but cool temperatures and occasional showers may slow fieldwork in the eastern half of the Midwest over the next week, the Commodity Weather Group said in a daily note.

• Most locations have rolled their basis bids to the CBOT July corn CN26, soybean SN26 and wheat WN26 futures contracts as the CBOT's May contracts approach their May 14 expiration.

• On the CBOT, July corn CN26 was up 4-3/4 cents at $4.79-1/2 a bushel at mid-session on Friday and July soybeans SN26 were up 1-1/4 cents at $11.96-3/4 a bushel. GRA/

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