US Cash Grains-Corn, soybean basis bids stay mostly steady

CHICAGO, Aug 30 (Reuters) - Grain elevators and processors kept spot basis bids for corn and soybeans mostly unchanged across the U.S. Midwest on Friday, dealers said.

* Some farmers have been selling old-crop corn ahead of end-of-month deadlines for storage and delayed pricing programs at elevators, brokers said. The marketing year starts on Sept. 1 for corn and soybeans.

* Forward sales of -crop corn by farmers remain slow due to low prices, a broker said.

* Some locations have rolled their corn basis to the Chicago Board of Trade (CBOT) December CZ24 futures contract as the September contract CU24 its delivery phase and Sept. 13 expiration.

* The soy basis fell by 5 cents a bushel Davenport, Iowa, on the Mississippi River, and was flat elsewhere.

* The U.S. soy crush likely rose in July to 5.765 million short tons, or 192.135 million bushels, which would be up 4% from a year earlier, analysts said ahead of a monthly U.S. Department of Agriculture report due on Tuesday.

* Brokers are monitoring the start of soybean harvesting in the Delta region amid expectations for record U.S. output.

* USDA is slated to issue an update on soy and corn condition ratings in a weekly crop report on Tuesday, one day later than due to the Labor Day holiday on Monday.

* CBOT agricultural markets will be closed on Monday for the holiday.

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

	Current				Previous
ELEVATORS	Bid				Bid
Chicago, Illinois
Corn processors	+25	+	U		+25	+	U	UNC
Corn elevators	-20	+	U		-20	+	U	UNC
Soybean elevators	-35	+	X		-35	+	X	UNC
Wheat elevators	-5	+	U		-5	+	U	UNC
Wheat processors	+5	+	U		+5	+	U	UNC
Decatur IL corn	-10	+	Z		-10	+	Z	UNC
Decatur IL soybeans	-10	+	X		-10	+	X	UNC
Burns Harbor IN corn	UNQ				UNQ			UNC
Burns Harbor IN soy	UNQ				UNQ			UNC
Lafayette IN soy	+10	+	X		+10	+	X	UNC
Toledo OH (port)
Corn	-45	+	Z		-45	+	Z	UNC
Soy	-35	+	X		-35	+	X	UNC
SRW wheat	-10	+	U		-10	+	U	UNC
Davenport IA (river)
Corn	-15	+	U		-15	+	U	UNC
Soy	-50	+	X		-45	+	X	DN 5
Evansville IN (rail)
15-car CSX corn	UNQ				UNQ			UNC
Cincinnati OH (rail)
3-car corn	UNQ				UNQ			UNC
Hereford TX corn	+135	+	U		+135	+	U	UNC
Columbus OH (rail)
3-car corn	-22	+	Z		-22	+	Z	UNC
Morris IL (river)
Corn	-10	+	U		-10	+	U	UNC
Soybeans	-25	+	X		-25	+	X	UNC
Fort Worth TX corn	+135	+	U		+135	+	U	UNC
Blair NE corn	+5	+	Z		+5	+	Z	UNC
Council Bluffs, IA (elevator)
Corn	+0	+	Z		+0	+	Z	UNC
Soy	-25	+	X		-25	+	X	UNC
Des Moines IA soy	-25	+	X		-25	+	X	UNC
Sioux City IA soy	+0	+	X		+0	+	X	UNC

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-AM

For U.S. forward basis spreadsheets, please click on:

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 AM GRA/M

- U.S. CIF/FOB Gulf Grain GRA/F

(Reporting by Tom Polansek; editing by Diane Craft)

((Thomas.Polansek@thomsonreuters.com))