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US Cash Grains-Corn and soy basis bids steady to firmer



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CHICAGO, July 11 (Reuters) -Spot basis bids for both corn and soybean were steady or gained strength around the U.S. Midwest on Thursday, supported by a slow pace of farmer offerings as Chicago Board of Trade (CBOT) corn and soybean futures hovered near multi-year lows, dealers said.

* The corn basis strengthened by 6 cents at a processor in Decatur, Illinois and an ethanol plant in Annawan, Illinois.

* Both the corn and soy basis gained 4 cents at a Seneca, Illinois, elevator where grain is loaded onto barges for shipment on the Illinois River toward Gulf exporters.

* CBOT futures steadied on Thursday on position-squaring ahead of the U.S. Department of Agriculture's supply and demand reports, due to be released on Friday. GRA/

* The USDA report is expected by analysts to show higher production of corn than the previous month, but lower production of soybeans, according to a poll by Reuters.


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

ELEVATORS











CORN




SOYBEANS



CINCINNATI OH

+15

+

U

UP 2


+26

+

Q

UNC

BURNS HARBOR IN

UNQ



UNC


UNQ



UNC

DECATUR IN

UNQ



UNC






DES MOINES IA




UNQ



UNC

LINCOLN NE

+10

+

U

UNC
















PROCESSORS











CORN





SOYBEANS



DECATUR IL

+21

+

U

UP 6


+45

+

Q

UNC

DECATUR IN






+30

+

Q

UNC

MORRISTOWN IN





+20

+

Q

UNC

LAFAYETTE IN






+35

+

Q

UNC

CEDAR RAPIDS IA

+17

+

U

UNC


+15

+

Q

UNC

COUNCIL BLUFFS IA






+0

+

Q

UNC

LINCOLN NE






-10

+

Q

UNC

BLAIR NE

+40

+

U

UNC
















RIVER TERMINALS











CORN





SOYBEANS



TOLEDO OH

-37

+

U

UNC


-13

+

Q

UNC

SENECA IL

+6

+

U

UP 4

+30

+

Q

UP 4

SAVANNA IL

-23

+

U

UNC


-21

+

Q

UNC

DAVENPORT IA

-8

+

U

UNC


-5

+

Q

UNC











ETHANOL PLANTS










LINDEN IN

+7

+

U

UNC






UNION CITY IN

-10

+

U

UNC






ANNAWAN IL

-3

+

U

UP 7






COUNCIL BLUFFS IA

+22

+

U

UNC
















SRW WHEAT










TOLEDO OH

-35

+

U

UNC






CINCINNATI OH

UNQ



UNC






DECATUR IN

-65

+

U

UNC






BURNS HARBOR IN

UNQ



UNC







NOTE: 0 = option price, UNC = Unchanged, UNQ = Unquoted

NC = Not comparable, DPI = Delayed Price, N/A = Not available,

F = January, H = March, K = May, N = July
Q = August, U = September, X = November, Z = December

--------------------------------------------------------

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



Reporting by Renee Hickman; Editing by Emelia Sithole-Matarise

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