US Cash Grains-Soy basis steady to down, futures briefly top $10/bushel

CHICAGO, Aug 30 (Reuters) - Spot basis bids for soybeans in the U.S. Midwest were flat to lower on Friday as lingering sales of old-crop supplies by farmers fueled a softer tone in the market, grain dealers said.

* Soybean futures temporarily traded above $10 per bushel in the most-active contract Sv1 for the first time since Aug. 12. The market then pared gains as farmer selling and expectations for a record U.S. harvest kept a lid on prices.

* The spot soybean basis eased by 5 cents a bushel at a processor in Cedar Rapids, Iowa, and by 2 cents at a Cincinnati, Ohio, elevator.

* The corn basis rose by 9 cents at Cincinnati.

* Some locations rolled their corn basis to the Chicago Board of Trade December CZ24 futures contract ahead of the Sept. 13 expiration of the CBOT September corn contract CU24.

* CBOT November soybeans SX24 were up 3-1/2 cents at $9.96 per bushel, while December corn rose 3-1/4 cents to $3.99-1/4 per bushel by 11:20 a.m. CDT (1620 GMT).

* CBOT markets will close on Monday for the U.S. Labor Day holiday.

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

ELEVATORS
	CORN					SOYBEANS
CINCINNATI OH	-17	+	U	UP 9		-41	+	X	DN 2
BURNS HARBOR IN	UNQ			UNC		UNQ			UNC
DECATUR IN	UNQ			UNC
DES MOINES IA						UNQ			UNC
LINCOLN NE	+5	+	U	UNC
PROCESSORS
	CORN					SOYBEANS
DECATUR IL	-10	+	Z	UNC		-10	+	X	UNC
DECATUR IN						-20	+	X	UNC
MORRISTOWN IN						+10	+	X	UNC
LAFAYETTE IN						+10	+	X	UNC
CEDAR RAPIDS IA	+28	+	U	UNC		-25	+	X	DN 5
COUNCIL BLUFFS IA						-10	+	X	UNC
LINCOLN NE						+10	+	X	UNC
BLAIR NE	+5	+	Z	NC
RIVER TERMINALS
	CORN					SOYBEANS
TOLEDO OH	-40	+	U	UNC		-55	+	X	UNC
SENECA IL	-10	+	U	UNC		-25	+	X	UNC
SAVANNA IL	-11	+	U	UNC		-51	+	X	UNC
DAVENPORT IA	-15	+	U	UNC		-40	+	X	UNC
ETHANOL PLANTS
LINDEN IN	-25	+	Z	UNC
UNION CITY IN	-53	+	Z	NC
ANNAWAN IL	-25	+	Z	NC
COUNCIL BLUFFS IA	-15	+	Z	UNC
SRW WHEAT
TOLEDO OH	-35	+	U	UNC
CINCINNATI OH	UNQ			UNC
DECATUR IN	UNQ			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

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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

(Reporting by Tom Polansek
Editing by Marguerita Choy)

((Thomas.Polansek@thomsonreuters.com))