US Cash Grains-Corn, soy basis higher on uptick in end user demand

CHICAGO, April 9 (Reuters) - Spot basis bids for corn and soybeans rose across the U.S. Midwest on Wednesday as a small increase in demand led to rising basis bids, dealers said.

* The corn basis rose at two river terminals and an Indiana ethanol plant and fell at an Illinois ethanol plant.

* The soy basis rose at an Ohio elevator, two Indiana processors, an Illinois river terminal and an Iowa river terminal.

* Farmer selling has been slow amid depressed corn and soy prices and preparations for spring planting.

* Some farmers may be waiting until they have planted their corn and soy crops before they make selling decisions, an analyst said.

* Chicago soybean futures traded both sides of unchanged on Wednesday, brushing off some earlier selling pressure after China raised its tariffs on U.S. goods to 84% from 34%.

* China is the world's biggest soy buyer and takes in around half of U.S. soybean exports each year.

* Rains have delayed corn and soy planting in parts of the U.S.

* Traders were also positioning themselves ahead of a U.S. Department of Agriculture supply and demand report due for release on Thursday.

* CBOT May soybeans SK25 were last up 1-1/4 cents at $9.94 a bushel as of midday. May corn CK25 was last down 2-1/2 cents to $5.37-1/2 a bushel.

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 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