US Cash Grains-Soy bids mixed, rains delay eastern Midwest harvests

CHICAGO, Sept 27 (Reuters) - Basis bids for U.S. soybeans were mixed at Midwestern grain elevators and processing facilities on Friday as rains are expected to slow farmers' harvests in the eastern Midwest, grain brokers said.

* Harvesting is expected to pick up pace in the western Midwest due to favorable weather, while rains cause delays in the center, southern and eastern Corn Belt, brokers said.

* It is full speed ahead for harvesting west of the Mississippi River, a dealer added.

* The soy basis jumped at a crush plant in Lafayette, Indiana, and at a port location in Toledo, Ohio.

* In Council Bluffs, Iowa, a grain elevator lowered its basis bids by 10 cents per bushel for soybeans and 3 cents for corn.

* A river location near Davenport, Iowa, also lowered its soy bid by 3 cents.

* Farmers have been active sellers of soybeans and slower to sell corn recently, dealers said.

* Chicago Board of Trade soybean Sv1 and corn Cv1 futures reached two-month highs on Friday. GRA/

* On Monday, analysts surveyed by Reuters on average expect the U.S. Department of Agriculture to report the largest Sept. 1 stocks of U.S. corn, soybeans and wheat in four years.

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

	Current				Previous
ELEVATORS	Bid				Bid
Chicago, Illinois
Corn processors	+5	+	Z		+5	+	Z	UNC
Corn elevators	-25	+	Z		-30	+	Z	UP 5
Soybean elevators	-20	+	X		-20	+	X	UNC
Wheat elevators	-15	+	Z		-15	+	Z	UNC
Wheat processors	-25	+	Z		-25	+	Z	UNC
Decatur IL corn	-22	+	Z		-22	+	Z	UNC
Decatur IL soybeans	-20	+	X		-20	+	X	UNC
Burns Harbor IN corn	UNQ				UNQ			UNC
Burns Harbor IN soy	UNQ				UNQ			UNC
Lafayette IN soy	-30	+	X		-40	+	X	UP 10
Toledo OH (port)
Corn	-55	+	Z		-55	+	Z	UNC
Soy	-42	+	X		-65	+	X	UP 23
SRW wheat	-20	+	H		-20	+	H	UNC
Davenport IA (river)
Corn	-40	+	Z		-40	+	Z	UNC
Soy	-65	+	X		-62	+	X	DN 3
Evansville IN (rail)
15-car CSX corn	UNQ				UNQ			UNC
Cincinnati OH (rail)
3-car corn	UNQ				UNQ			UNC
Hereford TX corn	+135	+	Z		+135	+	Z	UNC
Columbus OH (rail)
3-car corn	-20	+	Z		-20	+	Z	UNC
Morris IL (river)
Corn	-42	+	Z		-42	+	Z	UNC
Soybeans	-40	+	X		-40	+	X	UNC
Fort Worth TX corn	+135	+	Z		+135	+	Z	UNC
Blair NE corn	+0	+	Z		+0	+	Z	UNC
Council Bluffs, IA (elevator)
Corn	-20	+	Z		-17	+	Z	DN 3
Soy	-45	+	X		-35	+	X	DN 10
Des Moines IA soy	-45	+	X		-45	+	X	UNC
Sioux City IA soy	-40	+	X		-40	+	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

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

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 Will Dunham)

((Thomas.Polansek@thomsonreuters.com))