US Cash Grains-Soy bids ease in Iowa as rising prices drive farmer sales

CHICAGO, Sept 27 (Reuters) - Basis bids for soybeans eased in Iowa, the second-biggest producer of the crop, on Friday after higher prices encouraged farmer selling this week, brokers said.

* The corn basis was flat to mixed.

* Basis bids for soybeans fell by 5 cents per bushel each at processors in Cedar Rapids and Council Bluffs, Iowa, and by 4 cents at a river terminal near Davenport, Iowa, spot checks showed.

* "Farmers took advantage of the recent $1-plus rally to make some sales," said Tomm Pfitzenmaier, analyst for Summit Commodity Brokerage in Des Moines.

* Chicago Board of Trade soybean futures Sv1 reached a two-month high on Thursday on concerns over drought in top exporter Brazil before ending lower. The market rose again early on Friday.

* U.S. farmers are expected to make strides harvesting large soybean and corn crops this weekend. However, rains and wind from Hurricane Helene could hit fields in Indiana and Ohio, brokers said.

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

ELEVATORS
	CORN					SOYBEANS
CINCINNATI OH	-44	+	Z	UP 6		-50	+	X	DN 1
BURNS HARBOR IN	UNQ			UNC		UNQ			UNC
DECATUR IN	UNQ			UNC
DES MOINES IA						UNQ			UNC
LINCOLN NE	-20	+	Z	UNC
PROCESSORS
	CORN					SOYBEANS
DECATUR IL	-22	+	Z	UNC		-20	+	X	UNC
DECATUR IN						-38	+	X	UNC
MORRISTOWN IN						-40	+	X	UNC
LAFAYETTE IN						-30	+	X	UP 10
CEDAR RAPIDS IA	+5	+	Z	DN 5		-50	+	X	DN 5
COUNCIL BLUFFS IA						-40	+	X	DN 5
LINCOLN NE						-25	+	X	UNC
BLAIR NE	+0	+	Z	UNC
RIVER TERMINALS
	CORN					SOYBEANS
TOLEDO OH	-55	+	Z	UNC		-45	+	X	UNC
SENECA IL	-42	+	Z	UNC		-40	+	X	UNC
SAVANNA IL	-31	+	Z	UNC		-51	+	X	UNC
DAVENPORT IA	-40	+	Z	UNC		-62	+	X	DN 4
ETHANOL PLANTS
LINDEN IN	-40	+	Z	UNC
UNION CITY IN	-50	+	Z	UNC
ANNAWAN IL	-30	+	Z	UNC
COUNCIL BLUFFS IA	-25	+	Z	UNC
SRW WHEAT
TOLEDO OH	-45	+	Z	UNC
CINCINNATI OH	UNQ			UNC
DECATUR IN	-75	+	Z	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 Hugh Lawson)

((Thomas.Polansek@thomsonreuters.com))