<p>CHICAGO, Jan 22 (Reuters) - Spot basis bids for soybeans and corn were steady to stronger in the U.S. Midwest on Thursday, reflecting demand for grain from processors and elevators as farmer selling remained subdued, merchandisers said.</p>
<ul>
<li>A massive winter storm was forecast to clobber the central U.S. Plains to the East Coast with ice and heavy snow, starting on Friday, while frigid temperatures were predicted for the northern Plains and Upper Midwest, potentially slowing grain movement.</li>
<li>The soybean basis improved by 5 to 10 cents at soy crushing plants in Lafayette and Decatur, Indiana, and by 4 to 5 cents at terminal elevators in Cincinnati and Toledo, Ohio.</li>
<li>Soy crush margins were rising, enticing processors to pay up for replacement soybeans to crush. The CBOT March board crush (SMSIH26-BOH26-SH26) , one indication of processors’ profit margins, was up 8-1⁄4 cents at mid-session on Thursday at $1.79 per bushel of soybeans, its highest reading since late August.</li>
<li>For corn, the basis firmed by 5 cents at Toledo and by a penny at Cincinnati.</li>
<li>On the Chicago Board of Trade as of 12:17 p.m. CST (1817 GMT), March corn futures  (CH26)  were up 1-3⁄4 cents at $4.23-1⁄2 a bushel while March soybeans  (SH26)  were down 2 cents at $10.62-1⁄2 a bushel.  (GRA/)</li>
</ul>
<p>Basis values are quoted against CBOT futures in cts/bu:</p>
<h3>ELEVATORS</h3>
<h3>CORN                 SOYBEANS</h3>
<h3>CINCINNATI OH        +9  +  H  UP 1          +17  +  H  UP 4</h3>
<h3>BURNS HARBOR IN     UNQ        UNC           UNQ        UNC</h3>
<h3>DECATUR IN          UNQ     H  UNC           UNQ     H  UNC</h3>
<h3>DES MOINES IA       UNQ        UNC           UNQ        UNC</h3>
<h3>LINCOLN NE          -42  +  H  UNC           -55  +  H  UNC</h3>
<h3>PROCESSORS</h3>
<h3>CORN                 SOYBEANS</h3>
<h3>DECATUR IL           +3  +  H  UNC            +5  +  H  UNC</h3>
<h3>DECATUR IN                                    +5  +  H  UP 5</h3>
<h3>MORRISTOWN IN                                 +0  +  H  UNC</h3>
<h3>LAFAYETTE IN                                  +5  +  H  UP 10</h3>
<h3>CEDAR RAPIDS IA      -6  +  H  UNC           -30  +  H  UNC</h3>
<h3>COUNCIL BLUFFS IA                            -40  +  H  UNC</h3>
<h3>LINCOLN NE                                   -35  +  H  UNC</h3>
<h3>BLAIR NE             -7  +  H  UNC</h3>
<h3>RIVER TERMINALS</h3>
<h3>CORN                 SOYBEANS</h3>
<h3>TOLEDO OH           +10  +  H  UP 5          -10  +  H  UP 5</h3>
<h3>SENECA IL           -10  +  H  UNC            -8  +  H  UNC</h3>
<h3>SAVANNA IL          -26  +  H  UNC           -51  +  H  UNC</h3>
<h3>DAVENPORT IA        -10  +  H  UNC           -16  +  H  UNC</h3>
<h3>ETHANOL PLANTS</h3>
<h3>LINDEN IN            -5  +  H  UNC</h3>
<h3>UNION CITY IN       +18  +  H  UNC</h3>
<h3>ANNAWAN IL           +0  +  H  UNC</h3>
<h3>COUNCIL BLUFFS IA   -16  +  H  UNC</h3>
<h3>SRW WHEAT</h3>
<h3>TOLEDO OH            -5  +  H  UP 5</h3>
<h3>CINCINNATI OH       UNQ        UNC</h3>
<h3>DECATUR IN          -30  +  H  UNC</h3>
<h3>BURNS HARBOR IN     UNQ        UNC</h3>
<p>NOTE: 0 = Option price, UNC = Unchanged, UNQ = Unquoted</p>
<p>NC = Not comparable, DP = Delayed price, N/A = Not available,</p>
<p>F = January, H = March, K = May, N = July Q = August, U = September, X = November, Z = December</p>
<hr/>
<h3>LINKS:  (0#USCSHGRN-PM)</h3>
<p>For U.S. forward basis spreadsheets, please click:</p>
<p>(CORN/BASIS)   (SOYA/BASIS)   (WHEAT/BASIS)   (MILO/BASIS)</p>
<ul>
<li>CBOT corn report  (COR/)</li>
<li>CBOT soybean report  (SOY/C)</li>
<li>CBOT wheat report  (WHE/C)</li>
<li>U.S. grain barge freight values  (BG/US)</li>
<li>U.S. Midwest cash grain PM  (GRA/PM)</li>
<li>U.S. CIF/FOB Gulf Grain  (GRA/F)</li>
</ul>

CORN

VEGI

FTAG

SOYB

<p>Spot basis bids for soybeans and corn in the U.S. Midwest were steady to stronger, driven by processor demand amid subdued farmer selling. A winter storm is expected to impact grain movement across the central U.S. Plains to the East Coast. Soybean basis improved by 5 to 10 cents at various locations, while corn basis firmed by 5 cents at Toledo. March corn futures rose to $4.23-1/2 per bushel, while March soybeans fell to $10.62-1/2 per bushel.</p>

US Cash Grains-Soy, corn basis steady-firmer; winter storm looms