Processor, river bids for corn rise; sales slow

Spot basis bids for corn rose at U.S. Midwest processors and river elevators on Thursday morning as grain dealers tried to entice farmers to move supplies out of storage bins after weeks of slow sales.

* But country movement of corn remained light, with cash prices below growers' targets.

* The corn basis was flat at the region's interior elevators and mixed at ethanol plants, dealers said.

* The soybean basis was weak at interior elevators, particularly in the eastern half of the region, mixed along rivers, and steady to firm at processors.

* Soybean sales slowed after dealers a flurry of deals earlier in the week, an Iowa dealer said.

* Dealers continued to roll their corn bids to the Chicago Board of Trade March futures contract (CH3) from the December contract (CZ3).

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

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-PM)

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

(CORN/BASIS), (SOYA/BASIS), (WHEAT/BASIS), (MILO/BASIS)

- CBOT corn report

- CBOT soybean report

- CBOT wheat report

- U.S. grain barge freight values

- U.S. Midwest cash grain AM

- U.S. CIF/FOB Gulf Grain